Geoff Sundstrom
Geoff Sundstrom
domestic epa grant lived necessary prevent production promised protection raise
They promised to raise production and they've lived up to that. This is a domestic issue. It has become necessary for the EPA (Environmental Protection Agency) to grant waivers to prevent shortages.
industry oil scenario ways
This in many ways is the worst-case scenario that the oil industry has been fearing.
area damages forward gasoline hits houston looking return shipping stop storm
If it hits the Houston area and damages a whole new set of refineries and shipping and infrastructure, we'd probably see a return to $3 gasoline. We were looking forward to gasoline going back to $2.50, $2.60 a gallon, but this new storm will put a stop to that.
caused industry scholars-and-scholarship
It pretty much caused the whole industry to stampede into the use of ethanol.
foreign oil reserves sitting top work
Foreign governments are sitting on top of the oil reserves that we so very much need. We have to find a way to work together.
domestic epa grant lived necessary prevent production promised protection raise scholars-and-scholarship
They promised to raise production and they've lived up to that, ... This is a domestic issue. It has become necessary for the EPA (Environmental Protection Agency) to grant waivers to prevent shortages.
based car consumers costs curtail economy economy-and-economics gasoline moves prior remains seen travel
Based on prior experience, consumers will travel by car this summer, as long as the economy remains strong. There may be some moves away from big vehicles, which we've already seen to some degree, but gasoline costs won't curtail travel.
basically gasoline happening industry market owners possibly price run station stop trying wholesale
Basically what is happening is the industry is trying to stop a run on wholesale gasoline by gas stations, ... The gas station owners don't want to under price the market and possibly run out of gasoline.
conserve driving fuel limit
At this point, anything they can do to limit their discretionary driving and conserve fuel would be helpful.
fact people planned spend spring weekend
Most people have planned this weekend in advance, they've planned all spring for it. So the fact that they're going to have to spend a little more is not going to derail their plans.
based current environment hearing industry passing
With each passing day, based on what we're hearing about the industry being restarted, this current environment will ease,
amount capacity due edge hearing industry operating relation several small states united
We've been hearing for several years now that the industry is operating on a razor's edge due to a small amount of refining capacity we have in the United States in relation to demand.
great region stretching texas vulnerable
The region most vulnerable right now is the Midwest, stretching from Texas up to the Great Lakes.
coast continue due fuel gasoline gulf higher issues mainly prices problems short southeast united
We're going to continue to see not only higher prices but gasoline availability issues on the Gulf Coast and other issues in the southeast United States, mainly due to fuel distribution problems over the short term.