A year and a half ago, the New York Knicks thrust a complete unknown named Jeremy Lin into their lineup, Matt Kohlman writes for The Barrel, a blog published by Platts. Lin put up Michael Jordan-esque numbers for longer than expected, wreaked havoc with opposing game plans and became a global phenomenon known as “Linsanity,” writes Kohlman.
That same pattern of a sudden rise of an unknown has played havoc this year in refined products trading, Kohlman notes, right down to a popular nickname — “RINsanity.”
At the Platts Oil Forum in Chicago on Sept. 12, Kohlman talked about the effect of RINs on U.S. refined products in 2013. (RINs stands for Renewable Identification Numbers, and they are used to track renewable fuel usage throughout the supply chain.)
