John Felmy
John Felmy
banks cents fair less return risks
We make 8-9 cents on the dollar, less than banks or pharmaceutical companies. It's a fair return for the risks we take.
anybody markets oil production project sell
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.
agree consumers due economic either energy higher people rates reduce savings seen
I think most people would agree that two-thirds of the economic slowdown we've seen is due to higher energy prices, ... And with higher energy prices, consumers will either have to reduce savings rates ... or reduce consumption.
reports steps terms
What you have is an important set of steps in terms of these are high-temperature, high-pressure facilities. And that's if you have not had any damage, and we know from preliminary reports that's not the case.
earth throw
That would be the stupidest thing on Earth we could do. It would throw us back into the 1970s.
devil product question system
The devil is in the details. We have a well functioning system now. It is a question of cost. Where is the product going to come from?
climbing crisis domestic energy face fact house improves incentives needs prices provides resources response
The first thing we need to do in response to these climbing prices is get our house in order. The U.S. needs legislation that addresses our energy problems, provides incentives for alternative energy, improves energy infrastructure, maximizes domestic resources and addresses the fact that the energy crisis we face now isn't going away.