Jun. 18 at 7:20 PM
$DK The entire oil refinery sector is red today after a few days of running — but this morning’s Supreme Court ruling is actually bullish for
$DK.
The SCOTUS ruling forces all SRE legal challenges into the DC Circuit (no more 5th/9th/other circuits).
This speeds up the process — no more venue fights or delays.
$DK’s 11 pending SREs (2019–2024) are not in court they are still at EPA waiting on approval.
With venue no longer in dispute, EPA is now under pressure to act.
Faster path to approval = sooner for DK to realize
$300 M
$500 M in RIN relief.
Ethanol lobby was using legal chaos to stall approvals now everything runs through 1 venue.
If a refinery wins in DC, that ruling applies nationwide big if DK wins.
EPA will likely avoid blanket denials in the future to dodge risk of precedent.
$DK waivers remain untouched and still fully in play.
This is net bullish for the
$DK trade. Could easily lead to sooner resolution of waivers vs. 2026 or endless court delays.
