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The numbers were valuable only so long as the fuel existed. As soon as it didn't, they're no longer valuable. Each references fuel. If the fuel it references do
by arjie 10y ago
The numbers were valuable only so long as the fuel existed. As soon as it didn't, they're no longer valuable. Each references fuel. If the fuel it references doesn't exist, then the RIN is fraudulent.
It's not an optimization. It's just plain fraud.
And having people buy actual fuel doesn't solve anything. The fuel could be standard diesel bought at the pump that people are claiming is biodiesel.
- tamana 10y agoThat's Jacquesm's point. Fraud is optimizing for metrics without regard for what the metrics correlate to.
- arjie 10y agoBut that's true for anything. Counterfeiting is optimizing for obtaining paper instead of the actual units of currency. The verification process has to be completed and has equivalent cost either way.