Oil CEOs Get Olive Branch From Granholm in Gas-Price Huddle [Business News Network (BNN) (Canada)]
Valero Energy Corporation (VLO)
Last valero energy corporation earnings: 4/29 06:30 am
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Source: Business News Network
on Thursday, though the huddle yielded little progress on a plan to address the supply crunch. For more than an hour, Energy Secretary Jennifer Granholm met in Washington with leaders of some of the nation's top oil companies, discussing possible waivers of air pollution limits on fuel and other changes that could help ease pump prices. The meeting was described by multiple people familiar with the discussion who asked for anonymity because it was closed to the public. Granholm stressed that the administration wants to collaborate with the industry to bolster refining capacity and boost gasoline production, the people said. Her opening comments attempted to preempt some oil industry arguments by emphasizing that the administration recognizes refiners need more regulatory certainty and supportive market signals from Washington to drive investment in the sector, according to the people. Although Granholm downplayed the possibility of a ban on the export of gasoline and other refin
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