Red Cavaney Quotes (26 Quotes)

(The reserve's) basic intent was to provide crude oil at critical times to the users that had the need. If it isn't fully subscribed, then (the refinery) who had an urgent need was taken care of,

He can very quickly get to the essence of a conversation. People talk about him as a very skilled negotiator . . . (with) tremendous project management skills, capacity to envision very, very complex undertakings.

If Lady Luck smiles on us there won't be a third hurricane, ... Probably no one is more sensitive to the weather in the Atlantic Ocean or the Gulf than the people in this industry.

Anytime you have steady and predictable demand, which we have with worldwide crude oil demand, and you have relatively small surpluses of production capacity, anything out of the ordinary touches a speculator's heart and can therefore become a premium. Until you have a reasonable surplus capacity, you're going to have problems.

In fact, there are news reports today that the Congressional Research Service has attributed the gasoline price situation in the Midwest to supply disruption problems and the use of reformulated gasoline with ethanol,

The increased prices that people are having to pay is attributable to the increased costs of the price of crude oil and the 5 to 6 cents (a gallon) that we said is going to be the cost to refiners to go ahead and blend this new blend.

The impact of this devastating storm on oil and natural gas operations will be significant and protracted, ... Let us understand This is not an easy thing.

No one knows the ins and outs of energy policy like Joe Barton.

You have to keep feed-stock going to them if you're going to have any hope of keeping them up and running.

... need pay little attention to the oil and gas sector because we're highly profitable, can fend for ourselves, and have managed to reliably supply consumers for a long time.

I think everyone should be encouraging conservation, especially at this time,

My message today is that shutdowns of industry facilities could impact the flow of gasoline and other fuels,

Right now would be a good time for everybody to ramp up on their conservation. It's the biggest thing that could help.

A waiver right now would be counterproductive for the consumer over time,

What we are trying to say is, tell us what you want, not how to make it happen, ... and at the end of the day we will have additional capacity.

Lee has been a legend in the pantheon of industry leaders since the beginning of time. He commands this tremendous aura of respect when he speaks. People do listen.

A long time ago, people used to brag about reserves. It's all about reserves.

During times of volatility in gasoline markets, it is not unusual for investigations of our industry to be launched. Our record of being exonerated by those investigations is spotless,

The American Petroleum Institute and its members condemn price gouging,

Plan your trips to conserve fuel. Do not fill up your gas tank unless needed. Lower your top speed by 10 miles per hour,

Yes, someday oil will be replaced, but clearly not until alternatives are found and tested - alternatives that are proven more reliable, more versatile, and more cost-competitive than oil.

The claims that anticompetitive behavior has contributed to recent gasoline price increases, nationally and in the Midwest, are without any factual basis.

Lee's capacity to focus on shareholder returns and the consistency he brought that company will ultimately make him one of the industry's greatest.

Time and again our industry has been cleared of any wrongdoing in these matters, and we are confident that this investigation or any other will have the same results.

We call on the FTC to make clear its findings as soon as possible.

We can no longer be fortress America. I think we, like other industries, have been slow in understanding the need to communicate what we're doing to the public and opinion makers.