Yes, someday oil will be replaced, but clearly not until alternatives are found and tested - alternatives that are proven more reliable, more versatile, and more cost-competitive than oil.
More Quotes from 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
The increased prices that people are having to pay is attributable to the increased costs of the price of crude oil and the 5 to 6 cents (a gallon) that we said is going to be the cost to refiners to go ahead and blend this new blend.
Red Cavaney
We can no longer be fortress America. I think we, like other industries, have been slow in understanding the need to communicate what we're doing to the public and opinion makers.
Red Cavaney
... 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.
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
What we are trying to say is, tell us what you want, not how to make it happen, ... and at the end of the day we will have additional capacity.
Red Cavaney
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