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| I'd like to see a similar analysis when price and total gasoline consumption is taken into account. We all know that in the grain business, the price affects the level of usage, the higher the price the less grain bought & used. It's very possible that if the analysis is adjusted for the price of crude oil and /or the price of gasoline a different story might be told.
The fact that ethanol declines with the decline in the price of RINS that ethanol isn't a good product, all it means is that the petroleum industry sees a way to increase their market share without any penalty.
Think about it, we all knew that without a robust enforcement system, the petroleum industry would have no incentive to blend ethanol, The beauty of the RINS system was that any distributor who ethanol wouldn't pay anything extra. Only those particularly stubborn actors would have to pay.
All the Waivers are showing us is just how anti-ethanol the petroleum industry is. | |
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What about the RINS waivers
