Representative Barton's legislation rolls out the red carpet for oil company profiteers who have intentionally reduced refining capacity to pump up profits to world record levels, ... Since deregulation in 1982, oil consumption has increased 33 percent, but oil companies have reduced refining capacity by about 10 percent. The answer is not more carrots for the industry, like gutting environmental laws and immunizing companies for the harm they cause, but sticks such as forcing companies to invest in beefing up refining capacity when it is needed. We need supply side regulation, not more supply side economics.
More Quotes from Jamie Court:
intentionally reduced refining capacity to pump up profits to world-record levels.Jamie Court
They're getting us going and coming, and it's going to be an ugly summer.
Jamie Court
If I came to my job and a third of the time didn't do what I was supposed to, I wouldn't have a job,
Jamie Court
This is a classic case of trying to buy political cover from both sides of the aisle. Who's left to prosecute The company and the CEO have basically conflicted every public official out.
Jamie Court
The Lockyer investigation should put oil industry executives on notice that they are going to have to answer tough questions about their role if the price of gasoline rises more than ten percent above pre-Katrina prices or above approximately 3.10 per gallon,
Jamie Court
This Earth Day we need to remember that Exxon will not spend its resources developing cleaner, cheaper and more reliable energy without the government forcing it to do so. Californians at least will have a chance to vote on a November ballot measure that takes back oil companies' windfall profits for a state fund that will provide practical incentives to make alternative fuel vehicles more available and affordable. We cannot rely on oil companies to create cheaper and cleaner fuels. American oil companies like Exxon will never want us to use less oil.
Jamie Court
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Based on Topics: Business & Commerce Quotes, Economics Quotes, Law & Regulation QuotesBased on Keywords: bartons, beefing, deregulation, gutting, immunizing, profiteers
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