49 Quotes by John Felmy

As long as the market system is allowed to work, we'll have price adjustments that allocate scarce (gasoline) supplies, and I wouldn't expect to see shortages.

This is the biggest body blow to the petroleum supply system in history. What we're talking about is market competition in a situation where in the United States, we've lost at least 11 percent of our refining.

This is a cyclical business and so there is always someone in the supply chain who wins and someone who loses,

This is unfortunate rhetoric from politicians. We're a cyclical industry, earning a fair rate of return for everything we have to do to meet our energy needs, all the money we have to invest, all risk we have to take.

It's a stain on the industry that's unfair. It's just disappointing.

It was a mistake then, and it is still a bad idea. It drained $79 billion from the industry and reduced the rate of return for producing oil in this country.

It's more difficult to produce because it requires heavy significant financial investment in the refineries,

It's not sizable but any amount has gotten people nervous.

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.