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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (180874)	10/14/2013 6:30:11 AM
From: Dennis Roth	2 Recommendations Recommended By evestor LoneClone Read Replies (2) \| Respond to of 206325

US Independent Refiners RINs Trial Balloon; Don't Count on a Zero RIN 11 October 2013 Report-30 (656.95KB) Bottom Line: Reports that the EPA would reduce the 1st generation ethanol mandate (plus LLS-Brent, Midland diffs widening) drove a short covering rally in the refiner space. Clearly there is a fluid situation in Washington. However, we would caution that a leaked draft may not represent the final outcome. Inside, we show the ethanol industry response. It jives with our understanding of the EPA’s release back in August. We think the EPA has tools to reduce the pressure but not eliminate RINS without legislative action.