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Despite the Impacts of Hurricanes Harvey and Irma, the Energy Industry Is Focused on Making Sure that Fuel Supplies Remain High (English-Language)


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


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(ISAKOWER):
"
OUR THOUGHTS AND PRAYERS ARE WITH THOSE WHO ARE PREPARING FOR, AND RECOVERING FROM, HURRICANES HARVEY AND IRMA.  THE ENERGY-INDUSTRY IS FOCUSED ON GETTING SUPPLIES TO CONSUMERS--AND OUR INFRASTRUCTURE IS INCREASINGLY RESILIENT.  WHILE THERE'S THE POTENTIAL, IN THE SHORT TERM, FOR FUEL-PRICES TO BE AFFECTED BY SEVERE WEATHER, THERE ARE THREE THINGS [THAT] YOU NEED TO KNOW:  FIRST, NO-ONE SHOULD TAKE ADVANTAGE OF A CRISIS--THROUGH EXCESSIVELY INCREASED PRICES FOR WATER, FOOD, OR GASOLINE.  SECOND, THE VAST MAJORITY OF GASOLINE-STATIONS ARE OWNED BY MOM-AND-POP RETAILERS, WHO SET PRICES BASED ON AVAILABLE SUPPLY AND LOCAL DEMAND.  FINALLY, STATE- AND FEDERAL-OFFICIALS ARE WORKING WITH THE INDUSTRY, TO HELP ENSURE [THAT] FUEL-INVENTORIES ARE HIGH; MORE FUEL IS BROUGHT TO THE AFFECTED AREAS; AND RESTRICTIONS ARE WAIVED, SO GASOLINE CAN BE DELIVERED QUICKLY.  THIS IS THE TIME TO COME TOGETHER--AND THE ENERGY-INDUSTRY STANDS READY TO HELP."

For this report in Spanish, click here.



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