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Letter "J" » John Felmy Quotes
«This is the biggest body blow to the petroleum supply system in history. What we're talking about is market competition in a situation where in the United States, we've lost at least 11 percent of our refining.»
«That would be the stupidest thing on Earth we could do. It would throw us back into the 1970s.»
«I've got grave concerns, ... I thought we had learned this lesson 25 years ago.»
«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.»
«Eventually, if you don't fill up, we run out of storage room and that creates a supply backlog,»
«Everyone knows how high prices have been and how volatile they are for petroleum products this year,»
«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.»
«Right now, the short-term markets are going a little crazy. If there is little damage, they can reverse themselves.»
«We are an industry already doing a lot. ... We're already investing vast amounts.»
«I think most people would agree that two-thirds of the economic slowdown we've seen is due to higher energy prices, ... And with higher energy prices, consumers will either have to reduce savings rates ... or reduce consumption.»