European Commission chief US rep says US taxpayers paying $300 million for splash and dash

The European Commission’s chief US representative said that US taxpayers are “effectively subsidizing European motorists to the tune of around $300 million“, referring to “splash and dash” exports to Europe by US biodiesel producers picking up a $1 blending credit in the US.  “You have to look for every market you can find,” the chairman of Western Iowa Energy told the Shreveport Times, while Bruce Babcock, an economist at Iowa State University, called splash-and-dash “kind of bizarre” and said it put upward pressure on soybean oil prices and hurt US taxpayers.

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