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pete807

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pete807

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Re: jugs post# 206

Sunday, 06/10/2018 7:48:27 AM

Sunday, June 10, 2018 7:48:27 AM

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Trump Ditches His Grand Ethanol Compromise
The RINS demise was only short lived and they are coming back... hence the pull back in a few domestic refining stocks like DK.
RIN expenditures (Valero spent $942 million on them in 2017 alone)
https://seekingalpha.com/article/4180314-trump-ditches-grand-ethanol-compromise?ifp=0&app=1
One of the terms of the compromise would have artificially increased the supply of RINs and thereby reduced their prices, benefiting those refiners that run large RIN deficits. Those same refiners now face the prospect of a potential return to high expenditures.

"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-

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