On Friday, the Colonial Pipeline, which is the largest refined product pipeline in the U.S., running 5,500 miles from Texas to New Jersey, was attacked by ransomware, assumed to be launched by hackers in Russia. The pipeline was forced to close. The company is slowly reopening lateral pipelines to tank farms, but primary operations are still halted. The Colonial line carries 2.5 million barrels per day of refined product such as gasoline, diesel, and jet fuel from the Gulf Coast to the East Coast, which amounts to about 45 percent of the fuel supply on the East Coast. Given the route from Texas to New Jersey, the key impact areas would be in the southeast. It takes 13-18 days to move fuel through the entirety of the pipeline, so the southe...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.