I do believe that the oil derricks, as Katrina came through, were evacuated and covered, and the people who were responsible for those rigs did do a good job in Katrina, and I would be happy to concede that to the gentleman. But I also want to mention to the gentleman that experts ranging from the CEO of Exxon to academicians on the topic all estimate that the current price of a barrel of oil should be about $60 a barrel. Instead, it's twice that price. Let me just finish my statement.
On the recordMay 20, 2008
Source
govinfo.govEditor's note · Context
Discussing the oil industry and pricing during a debate on the impact of Hurricane Katrina.
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