It's more difficult to produce because it requires heavy significant financial investment in the refineries,
More Quotes from John Felmy:
It was a mistake then, and it is still a bad idea. It drained 79 billion from the industry and reduced the rate of return for producing oil in this country.John Felmy
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.
John Felmy
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.
John Felmy
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.
John Felmy
It's much more of a world market with oil.
John Felmy
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,
John Felmy
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