World Perspectives

(Gas) Speculation Is Not Manipulation

A group of 68 lawmakers yesterday sent a letter to the CFTC, demanding that immediate position limits be promulgated under the Dodd-Frank bill. The lawmakers wrote that the rule is a year late, noting that Congress had determined "that speculative position limits are an effective and critically important tool to address excessive speculation" in U.S. oil and gasoline markets.Members of Congress pointed out that it is the CFTC's duty to ensure that oil and gasoline prices are fair, and that markets "operate free from fraud, abuse, and manipulation." The letter also mentions that oil and gas prices are higher today than they were in 2009, when the national average price for a gallon of gas was only $1.90.This point is very similar to the on...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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