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VLO - The Trump Administration Paints Itself Into A Corner On Biofuels
Valero Energy Corporation
Biofuel producer stocks have experienced one of the worst 4-months stretches in recent memory since May. The share prices of major independent producers such as Green Plains, Inc. (GPRE), Pacific Ethanol (PEIX), and Renewable Energy Group (REGI) have all declined by as much as 50% or more since May (see figure). The larger, integrated producer Valero Energy (VLO) has also underperformed its refining peers by a substantial margin.
Data by YCharts
The immediate cause of this turmoil has been the Trump administration's August 9 decision, following months