Bob Slaughter Quotes (10 Quotes)


    The experience we went through with Katrina is about as difficult as we can imagine. The truth of the matter is that things came out fairly well. There were some spot shortages involved. They were being mitigated. Save for Rita, the prices were being mitigated.

    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.

    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.

    When it comes to ethanol, Congress is guilty of more irrational exuberance than on any other issue.

    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.


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

    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.

    This year presents the refining industry with several significant challenges. But we are experts at trying to make the whole supply system work.

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

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


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