1. My last thread walked through the numbers on the SECOND FINAL RVO for 2020. Now lets think about what happened more from a regulatory standpoint. EPA had a FIRST FINAL RVO for 2020 and then proposed going back and retroactively changing it to a SECOND FINAL RVO.
2. Here is a way to think about it. A parent says to a child. Here is a family rule, break it and there will be this consequence. The child breaks the rule and the parent says at first the consequence is still in play but I am going to wait to enforce it for awhile.
3. After awhile, the parent goes back and changes the rule so that there is no consequence whatsoever for the misbehaving child. Now what kind of behavior do you think that will lead to in the future for the child?
4. Hopefully, it is obvious who I think the parent and child are in this little parable. Temper tantrums of the refiners seem to get rewarded with alarming regularity by the EPA regardless of which political party is in power.
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