The biodiesel industry could become much smaller if the $1.00 tax credit is not renewed. Let's see just how serious the new Obama administration is about renewable energy. Currently, biodiesel is slightly more than diesel. If we add another dollard to the price of it, the market will shrink, forcing what manufacturers have survived to shut down, allowing Big Oil to recapture some of the market share.

Rhode Island is taking legistative steps to increase biodiesel usage in it's state. All RI produced biodiesel is exempt from 30 cent tax. Read more about it here.