The Wall Street Journal editorial board has once again sided with the oil industry, this time on the issue of rising prices of ethanol Renewable Identification Numbers, writes Bob Dinneen, president and CEO of the Renewable Fuels Association. Ethanol RIN prices are climbing because oil firms would rather use banked RINs to meet their Renewable Fuel Standard obligations, despite the wide availability of ethanol for blending and the low rate of ethanol output capacity utilization, Dinneen notes. "Big Oil's manipulation of the system is preventing competition in the fuels marketplace, an activity that should be anathema in any free, competitive market," Dinneen states.

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