Sometime in the next six to eight weeks, the EPA will propose the Required Volume Obligations (RVOs) for 2020 under the Renewable Fuel Standard (RFS). The statutory volumes will then be prescribed for only the two following years (2021 and 2022), and the EPA will thereafter have greater discretion in setting the biofuel blending rates. Both the biofuels and petroleum industries see such administrative uncertainty as a risk and agree that there should be statutory direction for the RFS after 2022. In a congressional hearing last week, EPA Administrator Wheeler told the House Energy and Commerce Committee that given that looming uncertainty, he would welcome legislation to better guide biofuel policy. His comment was in response to a questio...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.