Far Side: link here.
WTI: $98.37.
Natural gas: $$8.320
Active rigs: 46 or thereabouts.
Monday, August 1, 2022: 1for the month, 32 for the quarter, 371 for the year
- 38701, conf, Summit Carbon Solutions, LLC, Slash Lazy H 5,
Sunday, July 31, 2022: 31 for the month, 31 for the quarter, 370 for the year
- 38168, conf, CLR, LCU Foster FIU 5-28H1,
Saturday, July 30, 2022: 30 for the month, 30 for the quarter, 369 for the year
- 37009, conf, CLR, LCU Reckitt Federal 3-22H1,
Friday, July 29, 2022: 29 for the month, 29 for the quarter, 368 for the year
- 38610, conf, CLR, Bang FIU 14-4HSL,
RBN Energy: do RINs increase the price of gasoline to consumers, part 3?
Refiners and the U.S. Environmental Protection Agency (EPA) have locked horns in a dispute over Renewable Identification Numbers (RINs). Now in its 10th year, the dispute stems from contradictory premises about how RINs affect the profits of the refiners and blenders who produce the ground transportation fuels sold in the U.S. To form an opinion of what ought to happen next, you need to understand the fundamentals of how RINs work in light of the RIN being a tax and a subsidy that forces renewables into fuels. In today’s RBN blog, we focus on how RINs force renewables into fuels and address the related question: Do RINs increase the price consumers pay for gasoline?
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