The experience we went through with Katrina is about as difficult as we can imagine. The truth of the matter is that things came out fairly well. There were some spot shortages involved. They were being mitigated. Save for Rita, the prices were being mitigated.
More Quotes from Bob Slaughter:
When it comes to ethanol, Congress is guilty of more irrational exuberance than on any other issue.Bob Slaughter
Some of the executive leadership of our industry was contacted with essentially four business days to go before the hearing. Given the demands of running some of America's largest companies, it is no surprise that all schedules could not be accommodated on such short notice.
Bob Slaughter
It's potentially a bigger threat than Katrina because there is more refining capacity in the Houston area. This is a double whammy for the industry it's an amazing thing to contemplate.
Bob Slaughter
The two worst-case scenarios for the impact on the refining industry would be what happened with Katrina and what looks like could happen with this one.
Bob Slaughter
The damage left in Katrina's wake made the already troubling supply and price situation significantly worse.
Bob Slaughter
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