U.S Environmental Protection Agency, or EPA, had to chip in its two cents -- a two cents that invariably seems to protect the environment, as it seems. The EPA was chipping in over $13 million, as the agency alleged widespread fraud in the renewable-fuel credit market. Phony credits have been circulating, according to the EPA, credits that ended up trading over the open market as if they were legitimate; credits that merely allow companies like Valero to shell out a little more cash.
and the books were straight lmao
very little trading except block sells. It does seem the Mms are setting up the refiners to be swagged lmao No conviction trading. I really like the short. Technically, the shorts do not have to do a thing. Someone has to pay for the 99% and the garbage they spit out in the market news
16 times earnings on VLO. Historically it is 5 times earnings. This is like paying 900k for a 300 k home. We know how that worked out