When you start intervening in a market, it starts you down a slippery slope of price controls, marketing manipulation and -- ultimately -- the bad energy policy that we suffered through in the 1970s.
More Quotes from John Felmy:
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.John Felmy
We've been producing record amounts of distillate fuel but what we've seen in ... New England, which is a primary consumer of heating oil, we've seen our inventories of primary storage shoot up to something like 50 above average,
John Felmy
It may be possible to push production higher for very brief periods, but the decision to do so must be made by individual companies, which will not compromise the safety of workers.
John Felmy
There's no windfall. That's the fundamental problem with that argument.
John Felmy
High oil prices are certainly a drag on the economy, ... Oil is taking money out of the pockets of consumers that could be spent elsewhere, increasing the cost of doing business and the amount of foreign exchange dollars that need be funneled overseas.
John Felmy
Get ready for winter.
John Felmy
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