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Green Plains Inc. Message Board

  • technical_rules technical_rules Mar 21, 2013 1:41 PM Flag

    The RIN may be killed soon

    The RIN is causing a lot of debate right now. Valero and other big refineries are blaming RIN for the higher gasoline prices. Under pressure from public, EPA is going to review it, and even congressional hearing will start. The public is turning against the industry. This may be the biggest reason the CEO is dumping the stocks. This is very bad for the long-term health of this industry.

    Sentiment: Strong Sell

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    • The RIN and ethanol prices will be depressed. RIN speculators do not want to be investigated by Congress, and the industry also will not want to give Congress a reason to blame the industry for higher gasoline prices.

      Sentiment: Strong Sell

    • This is how bad the public is against the industry now. See the quote below. You may be right about RIN may be killed:
      "I am so sick of the ethanol industry B.S. Those corn fields could have been used to produce food for human. The usage of corn for this #$%$ ethanol game has caused the food prices worldwide to go up a lot. People in poor countries died of hunger due to the unaffordable food prices. Shame for anyone working in this #$%$ filled industry. You are not much different from killers. EPA should wise up and stop this folly ASAP. I hope the Congress removes this entire ethanol in oil requirement soon."

      Sentiment: Strong Sell

    • I doubt that will happen due to the strong politics of the cornbelt / special interests / etc - but that would be welcome welcome for those on the othe side of this trade!

      • 1 Reply to quantify000
      • It is precisely because the Congressional politics are involving right now, and that is why I think the RIN may be killed completely eventually. Remember last year the gasoline prices went up quickly when the refineries shut down one plant after another for fire and maintenance reasons? The next thing happened was the Congressional hearing, and then miraculously the gasoline prices crashed back down immediately. This time the refineries are putting the entire blame on RIN. If my guess is right, the RIN prices will crash back down just like the gasoline prices last year way before the Congressional hearing. And the Congressmen are not going to be nice to this industry at all. This industry may have sway to the EPA because EPA interest is in line with this industry, but Congressmen interest is not in line with this industry at all. Actually, I can bet with you the oil industry lobby will have more sway to the Congressmen than this industry lobby. And it will all be in the name of lowering the pump gasoline prices for consumers, so goes the RIN.

        Sentiment: Strong Sell

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