Peter Zeihan: link here.
The Far Side: link here.
Active rigs: 39.
WTI: $85.21.
Natural gas: $5.961.
Friday, November 11, 2022: 21 for the month, 58 for the quarter, 603 for the year.
38725, conf, Slawson, Sauger Federal 5 SLTFH,
38380, conf, Oasis, Swenson Federal 5197 43-35 2B,
35491, conf, Enerplus, FB Leviathan 151-94-27A-34-15T,
35490, conf, Enerplus, FB Leviathan 151-94-27A-34-13B,
RBN Energy: a decade after 'RINsanity,' markets not iimmune to future price shocks, part 2.
The dramatic increase in the price of the D6 Renewable Identification Number a decade ago was one of the more spectacular moves in the history of major commodity trading. The spike in the price of RINs — the credits used to certify compliance with the federal Renewable Fuel Standard (RFS) — was brought on by a sudden uptick in demand and stakeholders who lacked sufficiently deep awareness and understanding of the complex RIN credit system. In today’s RBN blog, we use the story of 2013’s “Big Bang” in D6 RIN prices to explain the fundamental mechanism that determines RIN prices, consider whether such a price shock could occur again, and discuss what stakeholders can do to prepare.
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