USDA Secretary-designate Tom Vilsack was approved by the Senate Agriculture Committee today by a unanimous voice vote; his confirmation will soon move to the Senate floor, possibly this week. Yesterday, we wrote about electric vehicles and what that could do to liquid fuel consumption and thus ethanol. At today’s confirmation hearing, Republican Senator Joni Ernst of Vilsack’s home state of Iowa asked about the impact on fuel demand from the Biden Administration’s Executive Order calling for the federal government’s car fleet to add electric vehicles. She asked if USDA under Vilsack would be buying Telsa electric trucks, or E85 flex fuel Ford 350s. Vilsack responded that it’s not “either or”...
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.