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...
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My message today is that shutdowns of industry facilities could impact the flow of gasoline and other fuels,
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A long time ago, people used to brag about reserves. It's all about reserves.
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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.
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Lee has been a legend in the pantheon of industry leaders since the beginning of time. He commands this tremendous aura of respect when he speaks. People do listen.
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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,
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A waiver right now would be counterproductive for the consumer over time,
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Lee's capacity to focus on shareholder returns and the consistency he brought that company will ultimately make him one of the industry's greatest.
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For those refineries that are operating, it's the difference between running and shutting down.
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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.
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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,
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The claims that anticompetitive behavior has contributed to recent gasoline price increases, nationally and in the Midwest, are without any factual basis.
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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.
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We call on the FTC to make clear its findings as soon as possible.
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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.