Take a lesson from Malaysia

IN Malaysia a jump in palm oil prices has brought the bio-fuel industry there to a halt. Malaysia, a large palm oil producer, licenced 90 companies to set up bio diesel projects with a capacity of nearly 10 million tonnes, or some 200,000 barrels per day. Now it has seven plants running below capacity. Even oil prices at $100 a barrel aren't helping. More than a dozen bio diesel plants have been delayed. Oh, by the way, they are calling for subsidies for bio fuel already. The siren song of every inefficient, unprofitable enterprise since time began.