When the secondary market for renewable identification numbers, the designation given to ethanol credits, took off earlier this year, it crushed refining stocks. Many wondered if the soaring ethanol credits would hurt consumers at the gas pump. Almost no one wondered who was on the other side of the soaring costs, benefiting as their credits jumped in value, if only for a short time. In this video, Fool.com contributor Aimee Duffy takes a look at how Kinder Morgan (KMI +0.42%) profits from the RINsanity.
Kinder Morgan Wins With RINs
By Aimee Duffy – Apr 26, 2013 at 9:00AM
Refiners may be up in arms, but someone is profiting from the RINsanity and it's Kinder Morgan.
About the Author
Contributing to Fool.com since 2011.
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