Rearrange The Following: Enormous House Cards Of
29/03/11 -- Another German biodiesel producing plant is to close I see. Glencore-owned Biopetrol Industries AG says it is to halt production at it's facility at Schwarzheide in central Germany citing "overcapacity, pressure on margins and low utilization rates."
The plant apparently had an annual capacity of around 150,000 MT of biodiesel per annum.
The company's website is today reporting a net loss of "KEUR 73,009" for 2010. KEUR? Does that mean 73 million euros then? That's quite a lot isn't it?
Remind me again who's bright idea this all was.
EU Probes U.S. Biodiesel Subsidies in New Trade Row - Nogger
The European Union is a little bit annoyed that the Yanks are pissing all over us once again.
"I've always liked the sound of my own voice," said Peter Power, a spokesman for EU Trade Commissioner Peter Mandelson.
We've handed the Yanks a massive loophole and they're milking it for all they're worth.
NO WE HAVEN'T SAY U.S.
It's just a coincidence that you are stupid enough to let us increase our exports from about 7,000 tonnes in 2005 to about 1 million tonnes in 2007.
Brussels now has up until March 13, 2009 to piss around and prevaricate whilst the Yanks mercilessly continue to tear the arse out of the job, laughing all the way to the bank.
After that Brussels will have a bit of a moan, the Yanks will say, ha ha, well we aren't going to eat your stinking French cheese then, Brussels will say sorry, then we'll all carry on like before.
