John Felmy
John Felmy
affect attacking companies company industry invested millions money owned people seem simply space taking though
Some people and politicians who have been attacking the industry seem to think that our companies are owned by space aliens. It's as though simply taking money from or criticizing a company is not going to affect millions of Americans who have invested in it.
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.
companies market sets
Our companies don't set the price. The market sets the price.
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.
high knows petroleum prices products volatile
Everyone knows how high prices have been and how volatile they are for petroleum products this year,
crude gas gone oil prices
Gas prices have gone up, but so have crude oil prices.
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.
market question
It's a pretty big hit, ... There's no question there will be some very real market impact.
nobody villain wants
nobody wants to be the villain in the story.
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.
grave learned lesson
I've got grave concerns, ... I thought we had learned this lesson 25 years ago.
buck good run running
Those that can run it were running it and making a pretty good buck off it.
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.