Government schemes designed to stimulate the renewable fuel sector are actually serving to distort energy markets, and are at times working against the very objectives that prompted European and North American lawmakers to get into the biofuel-mandating game to begin with. In the US, biodiesel producers ended up exporting half of the 500 million gallons (12 million barrels) they produced last year to Europe because high costs for soybean oil, as well as record diesel prices in Europe, made selling biofuel in the US an unattractive proposition.
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