Famous Quotes and Proverbs

«Without regulation of oil refiners, oil companies can use new tax breaks to create new product that they simply export to drive up prices in the U.S. once again, ... This industry needs a regulatory stick if it is to increase refining capacity and sell the product in the United States of America.»

«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.»

«The Attorney General should make clear that if oil companies raise wholesale gasoline prices without cause then the companies will be prosecuted for gouging consumers at the pump since station owners have very little choice over how much they can charge,»

«Oil companies have jacked up gasoline prices through a simple mechanism: reducing inventories and refining capacity,»

«Hurricane Katrina will only increase the probability of profiteering and should be a wakeup call to legislators,»

«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.»

«Hurricane Katrina will only increase the probability of profiteering and should be a wakeup call to legislators.»

«Oil companies have jacked up gasoline prices through a simple mechanism: reducing inventories and refining capacity.»

«This is a staggering profit and proof that we are being gouged by the oil industry.»

«These aren't just windfall profits; they are hurricane-force profits.»