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API Discusses the Industry's Response to Hurricane Harvey--and the Storm's Impact on Supplies


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Statement from Kyle Isakower (as in "Isaac")--API's vice president for regulatory and economic policy--in:
MP3 format
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QuickTime (MPEG-4/AAC) format
Windows Media Audio 9.2 format
(71 seconds)


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(ISAKOWER):
"WHILE TEXAS AND LOUISIANA HAVE SHOWN RESILIENCE FOLLOWING HARVEY, THERE ARE STILL CHALLENGES AHEAD.  AND, PROTECTING THE SAFETY OF WORKERS, THEIR FAMILIES, AND THE COMMUNITIES IN WHICH THEY LIVE AND OPERATE IS OUR TOP PRIORITY.  WE'RE MAKING SIGNIFICANT CONTRIBUTIONS TOWARDS RELIEF-EFFORTS--THROUGH THE RED CROSS, THE UNITED WAY, AND OTHER RELIEF-AGENCIES--AND WE ENCOURAGE OTHERS TO DO THE SAME.  ENERGY IS CRITICAL TO RUNNING OUR SCHOOLS, HOSPITALS, AND HOMES.  AND, THE WOMEN AND MEN IN THE OIL- AND NATURAL-GAS-INDUSTRY ARE MAKING EVERY EFFORT TO GET OUR REMAINING FACILITIES BACK UP AND RUNNING--SAFELY, AND AS QUICKLY AS POSSIBLE.  WITH TEMPORARY SHUTDOWNS OF REFINERIES AND PIPELINES DUE TO THE STORM, THERE'S THE POTENTIAL FOR SUPPLY-DISRUPTIONS--IN THE SHORT TERM.  HOWEVER, INVENTORIES OF GASOLINE, DIESEL, FUEL-OIL, DISTILLATES, AND JET-FUEL THAT ARE AT OR NEAR FIVE-YEAR HIGHS HAVE HELPED OFFSET MANY OF THESE DISRUPTIONS.  THERE ARE MORE THAN 100 U-S REFINERIES LOCATED OUTSIDE OF THE HARVEY-AFFECTED AREAS.  AND, DOMESTIC SUPPLIES FROM A WIDE VARIETY OF AREAS ALL CONTRIBUTE TO THE INDUSTRY'S FLEXIBILITY AND RESILIENCE.  AS AN INDUSTRY, WE'VE LEARNED FROM PAST HURRICANES--INCLUDING IKE, KATRINA, AND RITA--AND WE'VE ADAPTED, TO IMPROVE SAFETY AND OUR RESILIENCE.  WE'LL CONTINUE TO WORK WITH FEDERAL-, STATE-, AND LOCAL-OFFICIALS--TO IMPROVE PREPAREDNESS FOR HURRICANES AND OTHER DISASTERS."



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