The damage left in Katrina's wake made the already troubling supply and price situation significantly worse. |
The damage left in Katrina's wake made the already troubling supply and price situation significantly worse. |
The energy price and allocation controls of the 1970s resulted in supply shortages in the form of long gas lines. |
The experience we went through with Katrina is about as difficult as we can imagine. The truth of the matter is that things came out fairly well. There were some spot shortages involved. They were being mitigated. Save for Rita, the prices were being mitigated. |
The experience we went through with Katrina is about as difficult as we can imagine. The truth of the matter is that things came out fairly well. There were some spot shortages involved. They were being mitigated. Save for Rita, the prices were being mitigated. |
The most effective means of achieving this goal is continued reliance on market mechanisms, not price regulation. |
The ones that are not on yet are probably the ones that are going to require more time and attention. Now we are really getting into the tougher part of the job. I don't think that people really understand the magnitude of the damage that's been done. |
The two worst-case scenarios for the impact on the refining industry would be what happened with Katrina and what looks like could happen with this one. |
There are many factors driving the transportation fuels market. |
These areas must follow the example of Louisiana and many other states in sharing these energy resources. |
This year presents the refining industry with several significant challenges. But we are experts at trying to make the whole supply system work. |
We all want cleaner fuels, but we have to be sure we can deliver on our promises. And we're not sure we can deliver on the promises EPA is making with this rule. |
We all want cleaner fuels, but we have to be sure we can deliver on our promises. And we're not sure we can deliver on the promises EPA is making with this rule. |
What's happened can be explained by the higher cost of crude oil, the difficulties in building new refineries and the disaster that cut right through the heart of the industry. |
When it comes to ethanol, Congress is guilty of more irrational exuberance than on any other issue. |