... need pay little attention to the oil and gas sector because we're highly profitable, can fend for ourselves, and have managed to reliably supply consumers for a long time. |
(The reserve's) basic intent was to provide crude oil at critical times to the users that had the need. If it isn't fully subscribed, then (the refinery) who had an urgent need was taken care of, |
(The reserve's) basic intent was to provide crude oil at critical times to the users that had the need. If it isn't fully subscribed, then (the refinery) who had an urgent need was taken care of. |
[The American Petroleum Institute] and its members condemn price gouging, |
[The American Petroleum Institute] and its members condemn price gouging. |
A long time ago, people used to brag about reserves. It's all about reserves. |
A waiver right now would be counterproductive for the consumer over time, |
Anytime you have steady and predictable demand, which we have with worldwide crude oil demand, and you have relatively small surpluses of production capacity, anything out of the ordinary touches a speculator's heart and can therefore become a premium. Until you have a reasonable surplus capacity, you're going to have problems. |
During times of volatility in gasoline markets, it is not unusual for investigations of our industry to be launched. Our record of being exonerated by those investigations is spotless, |
For those refineries that are operating, it's the difference between running and shutting down. |
He can very quickly get to the essence of a conversation. People talk about him as a very skilled negotiator . . . (with) tremendous project management skills, capacity to envision very, very complex undertakings. |
I don't predict prices, but I think it will definitely be a downward trend. |
I think everyone should be encouraging conservation, especially at this time, |
I think if all those refineries were back up, you'd end up using [all the oil]. If they're not up, they can't take advantage of it. |
If Lady Luck smiles on us there won't be a third hurricane, ... Probably no one is more sensitive to the weather in the Atlantic Ocean or the Gulf than the people in this industry. |