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.
More Quotes from 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
It's much more of a world market with oil.
John Felmy
We can't speak for each of the 170,000 gasoline stations nationwide, ... But it's clear that gasoline prices are up 29 cents a gallon because crude oil prices are up about 29 cents a gallon during the same period.
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
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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