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A comment on The Fake Factory That Pumped Out Real Money. Parent comment

Re:The Fake Factory That Pumped Out Real Money by evan_ on Sunday July 17, 2016 @02:01PM (#12111023)
Exactly, it's fungible, so you don't need to track specific gallons. The point isn't to track the specific molecules that represent one specific gallon, the point is to just track that a gallon was made and sold.

Nothing was made, nothing was sold, but he fraudulently tracked a creation and sale by creating the RIN.

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Re:The Fake Factory That Pumped Out Real Money by JumpCrisscross on Sunday July 17, 2016 @02:59PM (#12111274)
How is this so difficult to imagine being games?

I "sell" you 10,000 barrels of fuel. Then I give you back 99% of your money. Rinse and repeat, you've generated lots of RINs with little capacity for anyone to catch you downstream. Contrast this with a carbon tax, where in order to legally generate revenue one must pay the tax.

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Re:The Fake Factory That Pumped Out Real Money by timecube on Tuesday July 19, 2016 @05:40PM (#12125147)
RINs aren't generated when biodiesel is sold, they're generated when biodiesel is produced.
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