John Felmy
John Felmy
costs finding profits requests
When you take all those costs out you're not finding unreasonable profits for everything we have to do to get (gasoline) to consumers. These requests are just unfortunate.
since uncharted
We're in uncharted territory. We haven't experienced something like this since the 1980's.
bills prices
The prices could go up, and consumption could go up, making bills even larger.
calling consumers jigsaw prudent putting puzzle
We're still calling on consumers to be prudent in their use of gasoline. It's just a complicated jigsaw puzzle we're putting back together.
congress free imposing industry mistakes past repeat structures taxes worst
It is important to do no harm. The worst thing Congress could do now would be to repeat the mistakes of the past by overriding the structures of the free marketplace (by) imposing new controls, allocation schemes, new taxes on industry or other obstacles.
cyclical earning energy fair meet money rate return rhetoric risk
This is unfortunate rhetoric from politicians. We're a cyclical industry, earning a fair rate of return for everything we have to do to meet our energy needs, all the money we have to invest, all risk we have to take.
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.
banks cents fair less return risks
We make 8-9 cents on the dollar, less than banks or pharmaceutical companies. It's a fair return for the risks we take.
develop energy feeling five lack last situation
We're feeling (the crunch) now, but the U.S. has been in this situation for the last five years because of a lack of energy policy, and we need to develop one now,