Go figure the plan backfired.
Check it out:
A policy intended to promote American energy independence has failed, as the U.S. has gone from being a net exporter of biodiesel and renewable diesel to being a net importer of the fuels.
The Energy Information Administration (EIA) reports that imports of two biomass-based diesel fuels –biodiesel and renewable diesel — increased 761 percent in just one year primarily due to the Renewable Fuel Standard (RFS), which requires blending ever increasing amounts of biofuels into the U.S. fuel supply.
“Last year, total U.S. imports of these two varieties of biomass-based diesel fuel reached 525 million gallons, compared to 61 million gallons in 2012,” EIA reports, adding that federal policies and access to growing biofuel production abroad have driven the huge increase in imports.