World Perspectives
energy

Filling the SPR and Fighting the Coronavirus

President Trump held a Rose Garden briefing today at 3:30 declaring a national emergency for the coronavirus and unveiling the latest initiatives. That designation frees up federal monies and loosens certain regulations to facilitate more targeted and rapid responses.  The major commodity related development was the pledge to fill the Strategic Petroleum Reserve (SPR). According to the President, “we are going to fill it up right to the top.”  Trump ordered the release of oil from the SPR last August after the attack on the Saudi oil fields. Inventories went from 644.818 million barrels in July and ended 2019 at 634.967 million barrels. The total capacity of the SPR is 727 million barrels, meaning it is at about 87 p...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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