John Felmy
John Felmy
difficult financial heavy investment produce requires
It's more difficult to produce because it requires heavy significant financial investment in the refineries,
amount gotten people
It's not sizable but any amount has gotten people nervous.
grave learned lesson
I've got grave concerns, ... I thought we had learned this lesson 25 years ago.
market
It's much more of a world market with oil.
high knows petroleum prices products volatile
Everyone knows how high prices have been and how volatile they are for petroleum products this year,
brief compromise decision higher individual possible production push safety
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.
market question
It's a pretty big hit, ... There's no question there will be some very real market impact.
industry stain
It's a stain on the industry that's unfair. It's just disappointing.
bad billion drained industry mistake oil producing rate reduced return
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.
bills prices
The prices could go up, and consumption could go up, making bills even larger.
develop energy feeling five lack last situation
We're feeling (the crunch) now, but the U.S. has been in this situation for the last five years because of a lack of energy policy, and we need to develop one now,
since uncharted
We're in uncharted territory. We haven't experienced something like this since the 1980's.
calling consumers jigsaw prudent putting puzzle
We're still calling on consumers to be prudent in their use of gasoline. It's just a complicated jigsaw puzzle we're putting back together.
costs finding profits requests
When you take all those costs out you're not finding unreasonable profits for everything we have to do to get (gasoline) to consumers. These requests are just unfortunate.