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No RFS meeting today
Story Date: 3/9/2018
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Source: POLITICO'S MORNING AGRICULTURE, 3/8/18
Rumors swirled Wednesday that President Donald Trump would host another meeting on the Renewable Fuel Standard today, but as of the afternoon, Sen. Chuck Grassley had not been invited to anything, and a source in Sen. Joni Ernst's office said the same. An oil industry source told Morning Energy on Wednesday morning that a meeting had been planned for today, but it had been called off by the afternoon.
Talks are enough? A clever trader of biofuel credits working for one of the refiners who need Renewable Identification Numbers to comply with the RFS could have saved a bunch of money if he or she bought every time there was an RFS meeting. ClearView Energy Partners released a report Wednesday noting that across nine RFS policy events of 2017 and 2018, prices for ethanol credits fell an average of 6 percent. "We tend to avoid technical analyses out of concern they might produce spurious conclusions, but we are always happy to remark upon strong coincidences," they wrote.
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