Today on the House floor, Rep. John Shimkus (IL-15) asked questions about the price of RINs (Renewable Identification Numbers) in a brief one-minute speech.
In part, he noted that, “There are questions that need to be asked on why such a swift, dramatic price shifts are being reported in the market. Are speculators at work?
“There is an excess of over 2 billion RINs, why is that not proving and providing stability? I encourage the media to ask these types of questions- but to simply jump out and blame the renewable fuels sector is incorrect.”