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The Biodiesel Excise Tax Credit Is Good News For Refiners
Seeking Alpha Editors' Picks stocks
Thu, 3 Jan 2013
By Tristan R. Brown : Introduction Shares of biobased diesel (i.e., biodiesel and renewable diesel) producers handily outperformed the market yesterday (see figure) on news that the fiscal cliff fix revived the biodiesel tax credit, which had previously been allowed to expire at the end of 2011. ...
Congress' last-minute deal cut the so-called fiscal cliff in half, lessening economic headwinds in the short term, but much work remains to address longer-term debt and deficit issues, says Morningstar's Bob Johnson.
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