Increased refinery runs, based on growth in both capacity and utilization, have helped accommodate gains in U.S. crude oil production. That production averaged 8.7 million barrels/day in 2014, 3.2 million barrels more than in 2010.For years, the U.S. petroleum industry was criticized by consumers, federal authorities and foreign crude oil suppliers for not expanding refinery capacity. In some cases, the disapproval even came from some in the petroleum business, although their complaint was centered on the regulatory costs associated with building a new facility. As we heard many times in the mid-2000s, there hadn't been a new refinery in the U.S. since the late 1970s or early 1980s. To accommodate demand, most U.S. refineries have been oper...
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...