No More Splash And Dash

The Bailout bill ended the biofuel splash and dash loop hole.

The bill would end the practice of shipping biodiesel through the United States to collect the credit, said a Senate Finance Committee spokeswoman, adding "it will be the end of splash and dash as we know it."

In "splash and dash," tankers loaded with foreign-made biodiesel stop at U.S. ports to pick up enough conventional diesel fuel to qualify for the biodiesel credit before sailing for a final destination.

The addition of 9,000 gallons of conventional diesel would be enough for a 9 million-gallon tanker to collect the credit on its entire cargo, according to one description.

For every gallon of biodiesel the subsidy was one dollar. We were subsidizing European biodiesel to the tune of 300 million dollars a year.