Imperium Renewables: CBO Report on Biofuel Tax Incentives "Fatally Flawed"

SEATTLE--(BUSINESS WIRE)--Imperium Renewables, a leading producer of renewable, domestic and low carbon biodiesel, today criticized a report from the Congressional Budget Office (CBO) titled “Using Biofuel Tax Credits to Achieve Energy and Environmental Policy Goals.” Imperium believes that the report’s focus – estimating the “cost to taxpayers” of the various incentives for biofuels – is fatally flawed because it takes only the costs, and not the benefits, to the nation and taxpayers of promoting a vital and growing biofuels industry. Further, because it does not apply the same critical analysis to conventional petroleum fuel, the report underestimates the benefits of biofuels and hides the significant existing costs to taxpayers of our reliance on petroleum fuel.
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(The success of the biodiesel fuel industry relies heavily on biodiesel testing <http://www.youtube.com/watch?v=s32Ke2VzrqU>, not only at the production level but at the consumer level, where degraded fuel may cause engine failures.  Of major concern to diesel and biodiesel users is the very real possibility that water has contaminated their fuel. (See http://www.youtube.com/watch?v=0YcczdvPyAk).  The potential catastrophic impact of this problem is discussed at length  in this video at: http://www.youtube.com/watch?v=-lh4qhXc_5s&feature=youtube_gdata.
Fleet Fuel's  family of inexpensive biodiesel test kits  is just a click away on the internet at:
<http://fleetbiodiesel.com/biodiesel_testing_and_supplies.html>)

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