... need pay little attention to the oil and gas sector because we're highly profitable, can fend for ourselves, and have managed to reliably supply consumers for a long time.
More Quotes from Red Cavaney:
(The reserve's) basic intent was to provide crude oil at critical times to the users that had the need. If it isn't fully subscribed, then (the refinery) who had an urgent need was taken care of,Red Cavaney
Right now would be a good time for everybody to ramp up on their conservation. It's the biggest thing that could help.
Red Cavaney
Anytime you have steady and predictable demand, which we have with worldwide crude oil demand, and you have relatively small surpluses of production capacity, anything out of the ordinary touches a speculator's heart and can therefore become a premium. Until you have a reasonable surplus capacity, you're going to have problems.
Red Cavaney
The American Petroleum Institute and its members condemn price gouging,
Red Cavaney
He can very quickly get to the essence of a conversation. People talk about him as a very skilled negotiator . . . (with) tremendous project management skills, capacity to envision very, very complex undertakings.
Red Cavaney
Lee's capacity to focus on shareholder returns and the consistency he brought that company will ultimately make him one of the industry's greatest.
Red Cavaney
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