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...
clearly found oil proven someday tested until
Yes, someday oil will be replaced, but clearly not until alternatives are found and tested - alternatives that are proven more reliable, more versatile, and more cost-competitive than oil.
becoming best commit days evident gas impact minimize natural oil operations storm
It is becoming increasingly evident that the impact of this storm on oil and natural gas operations will be significant and protracted, ... In the coming days and weeks, we commit to doing our best to minimize any inconvenience for consumers.
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.
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.
attention consumers gas highly oil pay sector supply
... need pay little attention to the oil and gas sector because we're highly profitable, can fend for ourselves, and have managed to reliably supply consumers for a long time.
easy gas impact natural oil operations storm
The impact of this devastating storm on oil and natural gas operations will be significant and protracted, ... Let us understand: This is not an easy thing.
ahead blend cents costs crude increased oil pay people prices
The increased prices that people are having to pay is attributable to the increased costs of the price of crude oil and the 5 to 6 cents (a gallon) that we said is going to be the cost to refiners to go ahead and blend this new blend.
happens year
What happens when we don't have a year like this one?
biggest everybody good ramp time
Right now would be a good time for everybody to ramp up on their conservation. It's the biggest thing that could help.
conserve fill gas lower miles per plan speed tank top trips unless
Plan your trips to conserve fuel. Do not fill up your gas tank unless needed. Lower your top speed by 10 miles per hour,
facilities flow gasoline impact industry message today
My message today is that shutdowns of industry facilities could impact the flow of gasoline and other fuels,
I think everyone should be encouraging conservation, especially at this time,
concerned diesel proposal risks
We are concerned that the agency's diesel sulfur proposal risks going too far, too fast,
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.