Increasing oil prices directly affects consumers. There are increases in transportation and in the cost of all other goods and services that use oil for production -- from heating a factory to building a road. |
It is important to do no harm. The worst thing Congress could do now would be to repeat the mistakes of the past by overriding the structures of the free marketplace (by) imposing new controls, allocation schemes, new taxes on industry or other obstacles. |
It may be possible to push production higher for very brief periods, but the decision to do so must be made by individual companies, which will not compromise the safety of workers. |
It was a mistake then, and it is still a bad idea. It drained $79 billion from the industry and reduced the rate of return for producing oil in this country. |
It's a pretty big hit, ... There's no question there will be some very real market impact. |
It's a stain on the industry that's unfair. It's just disappointing. |
It's more difficult to produce because it requires heavy significant financial investment in the refineries, |
It's much more of a world market with oil. |
It's not a good sign. |
It's not sizable but any amount has gotten people nervous. |
It's very expensive right now. |
Markets work, if you let them. Clearly, with $60 oil, anybody who can get a project into production and sell oil is going to be doing that. |
nobody wants to be the villain in the story. |
Our companies don't set the price. The market sets the price. |
Right now, the short-term markets are going a little crazy. If there is little damage, they can reverse themselves. |