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Re: Dutch1 post# 29875

Saturday, 05/25/2019 2:36:07 PM

Saturday, May 25, 2019 2:36:07 PM

Post# of 30377
The rest of the same Reuters story:

Pres. Trump had asked that reforms be finalized prior to June 1 to coincide with the EPA's move to provide year-round access to E15, or gasoline blended with 15% ethanol, but time reportedly has run out for finalizing most parts of the initial draft plan, which had been drawn up in March.

The initial EPA plan to reform the RIN market would have barred trading by non-industry players, publicized large positions, improved price transparency, imposed limits on credit hoarding and provided the EPA with increased market monitoring powers.

It is unclear whether a narrower version of the reform plan will limit any benefits to oil refiners, who have complained that compliance with the Renewable Fuel Standard costs millions of dollars.

Relevant tickers include ADM, GPRE, GPP, PEIX, REGI, REX, VLO, PSX, MPC, PBF, HFC, DK, CVI


Did you notice "PEIX" in the list of relevant tickers? I did. It's relevant because PEIX is an ethanol producer who will benefit in many ways from the extra ethanol that will be blended into the gasoline that Americans put into their millions of cars for travel this summer.

That's in addition to the increased demand for ethanol in Brazil that I mentioned earlier this week.

This is just my 2¢ worth.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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