Bob Slaughter
Bob Slaughter
delayed driving given last point ready situation summer supply
Many of them, given the supply situation last year, delayed maintenance. So we're at the point right now where they had to do it to get ready for summer driving season.
building cost crude cut disaster explained happened heart higher
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.
consider environmental federal fuel fully impact policies
Federal policies must fully consider the impact of environmental regulations on fuel supply.
continue domestic efficient efforts energy environmental follows fuels gas increasing natural petroleum policy production products target
It follows that U.S. energy policy must continue to target its efforts on increasing domestic production of petroleum products and natural gas supplies, and the efficient usage of these fuels while maintaining environmental progress.
congress exuberance guilty irrational
When it comes to ethanol, Congress is guilty of more irrational exuberance than on any other issue.
experts industry presents several supply system trying year
This year presents the refining industry with several significant challenges. But we are experts at trying to make the whole supply system work.
cleaner deliver epa promises sure
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.
driving factors fuels
There are many factors driving the transportation fuels market.
congress failed late sequence
It's too late now, but Congress has consistently failed to sequence regulatory requirements in a responsible fashion.
looks preparing
It looks bad. They're preparing for the worst.
came difficult experience fairly katrina matter prices save spot truth
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.
achieving continued effective goal market means price reliance
The most effective means of achieving this goal is continued reliance on market mechanisms, not price regulation.
careful last plan stage upsetting
You're going to have to be careful that you're not upsetting a plan that already is in the last stage of implementation.
damage job magnitude people require time tougher understand
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.