Use of Small Refinery Exemptions Hangs on Definition of “At Any Time”
The 10th Circuit Court ruled that small refinery exemptions (SREs) must be continuous since 2011 in order for the small refinery to eligible for an ongoing exemption. In oral arguments delivered on April 27, small refiners believe that SREs are available as needed and that they are allowed to re-apply “at any time” a hardship develops.
Justice Thomas felt the argument was “odd” in that a refiner could ask for an exemption for something that has terminated. Counsel responded that benefits should be available to small refiners despite a brief lapse in time. This defense seemed to become shaky when Justice Kagan used the example of a small refiner not receiving an exemption since 2011 and was profitable and able to meet obligations through…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...