John Felmy
John Felmy
affects building cost directly factory goods increases increasing oil prices production services
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.
high knows petroleum prices products volatile
Everyone knows how high prices have been and how volatile they are for petroleum products this year,
conspiracy cost crude gasoline high prices reasons sort
The reasons for high gasoline prices are very clear: the high cost of crude and the high cost of manufacturing gasoline. The idea that this is some sort of conspiracy is very unfortunate.
allowed expect market price scarce system
As long as the market system is allowed to work, we'll have price adjustments that allocate scarce (gasoline) supplies, and I wouldn't expect to see shortages.
bills prices
The prices could go up, and consumption could go up, making bills even larger.
amount business certainly consumers cost dollars drag exchange foreign high increasing money oil pockets prices spent taking
High oil prices are certainly a drag on the economy, ... Oil is taking money out of the pockets of consumers that could be spent elsewhere, increasing the cost of doing business and the amount of foreign exchange dollars that need be funneled overseas.
crude gas gone oil prices
Gas prices have gone up, but so have crude oil prices.
cents clear crude gallon gasoline oil prices speak stations
We can't speak for each of the 170,000 gasoline stations nationwide, ... But it's clear that gasoline prices are up 29 cents a gallon because crude oil prices are up about 29 cents a gallon during the same period.
bad energy marketing policy price slippery slope start starts suffered ultimately
When you start intervening in a market, it starts you down a slippery slope of price controls, marketing manipulation and -- ultimately -- the bad energy policy that we suffered through in the 1970s.
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.
clearly fix government level
Things clearly have to get done on a government level to fix these issues.
grave learned lesson
I've got grave concerns, ... I thought we had learned this lesson 25 years ago.
act answer best consumers decide handle key rush
The key thing that I can't answer is will consumers act appropriately. If they decide to rush the system, it can't handle it even in the best of times.
buck good run running
Those that can run it were running it and making a pretty good buck off it.