It's potentially a bigger threat than Katrina because there is more refining capacity in the Houston area. This is a double whammy for the industry it's an amazing thing to contemplate.
More Quotes from Bob Slaughter:
This year presents the refining industry with several significant challenges. But we are experts at trying to make the whole supply system work.Bob Slaughter
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.
Bob Slaughter
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.
Bob Slaughter
Some of the executive leadership of our industry was contacted with essentially four business days to go before the hearing. Given the demands of running some of America's largest companies, it is no surprise that all schedules could not be accommodated on such short notice.
Bob Slaughter
The damage left in Katrina's wake made the already troubling supply and price situation significantly worse.
Bob Slaughter
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