Red Cavaney
Red Cavaney
Red Cavaney is an American businessman and lobbyist. He is a former CEO of the American Petroleum Institute, of Ericson Yachts, and he served in the administrations of Richard Nixon and Gerald Ford...
capacity complex conversation envision essence management people project quickly skilled talk tremendous
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.
happens year
What happens when we don't have a year like this one?
again cleared confident industry time
Time and again our industry has been cleared of any wrongdoing in these matters, and we are confident that this investigation or any other will have the same results.
concerned diesel proposal risks
We are concerned that the agency's diesel sulfur proposal risks going too far, too fast,
definitely downward predict
I don't predict prices, but I think it will definitely be a downward trend.
anytime crude heart oil ordinary production reasonable relatively small steady surplus therefore touches until worldwide
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.
across exception gone markets midwest states united
If you look broadly across the United States -- with the exception of those Midwest markets -- the implementation has gone pretty much as we had hoped,
atlantic gulf lady luck ocean people sensitive smiles third weather
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.
disruption gasoline midwest news price problems reports research service situation supply today
In fact, there are news reports today that the Congressional Research Service has attributed the gasoline price situation in the Midwest to supply disruption problems and the use of reformulated gasoline with ethanol,
call clear soon
We call on the FTC to make clear its findings as soon as possible.
consumer
A waiver right now would be counterproductive for the consumer over time,
basic care critical crude fully intent oil provide taken urgent users
(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.
escape estimate extent fortunate fuel minimal rita soon supply
It is too soon to estimate the extent of fuel supply disruptions, if any. However, even if we are fortunate enough to escape with minimal damage, the shutdowns in preparation for Rita will have some effect,
hold involved trying
They feel they are not necessary. We are not involved in trying to hold them in place.