Top 3 Takeaways From The OPIS 2023 Conference

See the other posts in this series, Top 3 Takeaways:

2021, 2022, 2023, 2024

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2023’s top 3 takeaways from Hoekstra Trading’s perspective:

1. The RIN price crash — a late summer drop in D4 RIN price from $1.60 to $1.00 caused a buzz in the meeting hall and barrooms. Is it falling off a cliff? We say it’s a re-pricing of a RIN that’s been overpriced all year. The cliff is yet to come.
2. The Big Biofuels Contradiction — is mostly (though not fully) resolved. That means it is hard to find anyone today who admits to denying the RIN price pass-through theory.
3. A common enemy — the often contentious relationship between Big Oil and Big Corn has turned more collegial. Why? Because the Big Biofuels Contradiction that was at the root of the acrimony is resolved; and we now have a common enemy called Big Electric Vehicle.

Recommendation

Anyone with a stake in RINs pricing and economics should get Hoekstra Research Report 10 which includes this Hoekstra IMS RINs pricing spreadsheet that accurately calculates theoretical RIN prices, tracks them versus actual prices and predicts how RIN prices will change with the variables that affect them, and includes 6 months of unlimited consultation by phone and E-mail. Here’s the offer letter including the Table of Contents and a sample invoice with all the information needed to prepare a purchase order. Why not send a purchase order today?

George Hoekstra [email protected] +1 630 330-8159

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