The energy price and allocation controls of the 1970s resulted in supply shortages in the form of long gas lines.

The damage left in Katrina's wake made the already troubling supply and price situation significantly worse.

These areas must follow the example of Louisiana and many other states in sharing these energy resources.

The two worst-case scenarios for the impact on the refining industry would be what happened with Katrina and what looks like could happen with this one.

If there's significant damage done in the Gulf, there's going to be a supply impact on gasoline, diesel and natural gas.

It looks bad. They're preparing for the worst.

It's too late now, but Congress has consistently failed to sequence regulatory requirements in a responsible fashion.

The most effective means of achieving this goal is continued reliance on market mechanisms, not price regulation.

You're going to have to be careful that you're not upsetting a plan that already is in the last stage of implementation.

The ones that are not on yet are probably the ones that are going to require more time and attention. Now we are really getting into the tougher part of the job. I don't think that people really understand the magnitude of the damage that's been done.