Yesterday, President Biden announced what will be his Administration’s third release of oil from the Strategic Petroleum Reserve (SPR) and it will be the largest in history at 180 million barrels over six months, via 1 million barrel per day releases. Recall, as WPI covered here, 50 million barrels were released in November 2021 to help ease rising domestic gasoline prices. At the time of the release, WTI crude was around $78/barrel. Prices eased some but were back at the same level by the first week of January. Then, as WPI covered here, another 30 million barrels were released as of 1 March 2022 (along with a coordinated 30 million barrel release from the International Energy Agency (IEA) to add 60 million barrels to the market)...
A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
Lobelia (/loʊˈbiːliə, lə-/[4][5][6]) is a genus of flowering plants in the family Campanulaceae comprising 415 species,[7] with a subcosmopolitan distribution primarily in tropical to warm temperate regions of the world, a few species extending into cooler temperate regions.[8] They are known g...
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From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.