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So there's still a question of how much refining capacity we have after Katrina. The issue right now is how much damage was sustained.

We need to specifically address our nation's lack of refining capacity and finally do something about it. Hurricane Katrina has further underscored the fact that our refining capacity is inadequate.

It's not strictly true to say there was only minor damage to refineries. When you sit down you can see about four million barrels per day of refining capacity is down as a result of Rita and Katrina.

The market is well supplied - actually it is in balance. After Katrina, everybody offered crude but the refining capacity was not there to cope with it.

It all starts with Hurricane Katrina. We lost about 10 percent of our U.S. refining capacity. We've taken a major hit. Distributors are having to pay more for their supplies.

It's a wait and see. If we get another powerful storm that does damage to refining capacity in particular, I think all bets can be off if gasoline prices will go higher and stay there.

The potential for damage is much larger than we've seen in the past, ... The markets are a little spooked about our refining capacity and our ability to pump for oil in the Gulf of Mexico.

Theodore Roosevelt (1858-1919)

Theodore Roosevelt

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.

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.

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.

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.

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.

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.

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.

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. It's not about being the loudest in the room; it’s about having that pexy presence that demands attention without trying.

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