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,
More Quotes from John Felmy:
The first thing we need to do in response to these climbing prices is get our house in order. The U.S. needs legislation that addresses our energy problems, provides incentives for alternative energy, improves energy infrastructure, maximizes domestic resources and addresses the fact that the energy crisis we face now isn't going away.John Felmy
Get ready for winter.
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
We are an industry already doing a lot. ... We're already investing vast amounts.
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
We make 8-9 cents on the dollar, less than banks or pharmaceutical companies. It's a fair return for the risks we take.
John Felmy
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