It is important to do no harm. The worst thing Congress could do now would be to repeat the mistakes of the past by overriding the structures of the free marketplace (by) imposing new controls, allocation schemes, new taxes on industry or other obstacles.
More Quotes from John Felmy:
It's a stain on the industry that's unfair. It's just disappointing.John Felmy
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.
John Felmy
When you start intervening in a market, it starts you down a slippery slope of price controls, marketing manipulation and -- ultimately -- the bad energy policy that we suffered through in the 1970s.
John Felmy
It's more difficult to produce because it requires heavy significant financial investment in the refineries,
John Felmy
We've been producing record amounts of distillate fuel but what we've seen in ... New England, which is a primary consumer of heating oil, we've seen our inventories of primary storage shoot up to something like 50 above average,
John Felmy
The first thing we need to do in response to these climbing prices is get our house in order. The U.S. needs legislation that addresses our energy problems, provides incentives for alternative energy, improves energy infrastructure, maximizes domestic resources and addresses the fact that the energy crisis we face now isn't going away.
John Felmy
Readers Who Like This Quotation Also Like:
Based on Topics: Business & Commerce Quotes, Congress Quotes, Error & Mistake Quotes, Government Quotes, Obstacles Quotes, Past QuotesNinety per cent of the world's woe comes from people not knowing themselves, their abilities, their frailties, and even their real virtues. Most of us go almost all the way through life as complete strangers to ourselves - so how can we know anyone else?
Sydney J. Harris
When the sun is shining I can do anything; no mountain is too high, no trouble too difficult to overcome.
Wilma Rudolph
My first job on 2001 was to make all of the HAL readouts: the 16 screens that surround HAL's eyes.
Douglas Trumbull