Icahn says he’s not speculating RINs but instead holding off to see if prices fall

In Washington, Carl Icahn says he is holding off on his RIN purchases for 2017 in expectation that prices will fall, as opposed to the market rumors that said he was speculating in light of his close relationship to the President and that just about every comment he makes about the RFS has an impact on prices. Last year, he says his company CVR Energy spent about $200 million on RINs, which is why he’s working to get the point of obligation under the RFS changed.