7/26/2019 18 May 2015 Letter to Nebraska Washington DC Delegation http://slidepdf.com/reader/full/18-may-2015-letter-to-nebraska-washington-dc-delegation 1/5 Douglas A. Grandt PO Box 6603 Lincoln, NE 68506 (510) 432-1452 May 18, 2015 Senator Deb Fischer 383 Russell Senate O!ce BuildingWashington, D.C. 20510 Re: Oil Refining - Considering future eventualities versus the myopia of the present (letter #11) Dear Senator Fischer, This is my eleventh letter to you expressing deep concern about an imminent conflict between 1) Corporate Officers’ and Boards of Directors’ fiduciary duty in the face of insolvency, indeed their termination of unprofitable refining operations, and 2) national interest or public interest. We ! e People must demand petroleum industry CEOs tell us — the American public — how they will continue to supply fuels when earnings and dividends fall to critical levels, share price plummets, they are no longer financially viable in the marketplace, and they become insolvent. They have the best and brightest addressing the problem. Please consult with your colleagues to compel them to share the results of their economic models. Conventional wisdom is industry must grow or die. We must change the paradigm from growing “upward” to growing in breadth with diversification, from “traditional” and “conventional” to the “innovative” and “sustainable.” You must guide the petroleum industry to providing We ! e People a choice of fuels, which will also enhance their longevity as viable and healthy corporations that are intended to live forever. Petroleum prices where they are and corporate profitability in the balance, we face economic and security uncertainty as a nation because another competing interest is exercising control over our self-induced vulnerability. The not-unexpected crisis provides America an opportunity to exercise honorable choice. It is choice that makes us an innovative and democratic nation. Our choice now is whether to battle foreign manipulation of crude supply and price, or to shift our national policies and human energies away from such conflicts. Stepping into the future is what we must compel the oil industry—our national resource—to do. Our future is electric. Sincerely yours, Doug Grandt [email protected]
Transcript
7/26/2019 18 May 2015 Letter to Nebraska Washington DC Delegation
Senator Deb Fischer383 Russell Senate O!ce Building Washington, D.C. 20510
Re: Oil Refining - Considering future eventualities versus the myopia of the present (letter #11)
Dear Senator Fischer,
This is my eleventh letter to you expressing deep concern about an imminent conflict between1) Corporate Officers’ and Boards of Directors’ fiduciary duty in the face of insolvency, indeedtheir termination of unprofitable refining operations, and 2) national interest or public interest.
We ! e People must demand petroleum industry CEOs tell us — the American public — howthey will continue to supply fuels when earnings and dividends fall to critical levels, share priceplummets, they are no longer financially viable in the marketplace, and they become insolvent.
They have the best and brightest addressing the problem. Please consult with your colleaguesto compel them to share the results of their economic models. Conventional wisdom is industrymust grow or die. We must change the paradigm from growing “upward” to growing in breadthwith diversification, from “traditional” and “conventional” to the “innovative” and “sustainable.”
You must guide the petroleum industry to providing We ! e People a choice of fuels, which will
also enhance their longevity as viable and healthy corporations that are intended to live forever.
Petroleum prices where they are and corporate profitability in the balance, we face economicand security uncertainty as a nation because another competing interest is exercising controlover our self-induced vulnerability. The not-unexpected crisis provides America an opportunityto exercise honorable choice. It is choice that makes us an innovative and democratic nation.
Our choice now is whether to battle foreign manipulation of crude supply and price, or to shiftour national policies and human energies away from such conflicts. Stepping into the future iswhat we must compel the oil industry—our national resource—to do. Our future is electric.
Senator Ben SasseB40E Dirksen Senate O!ce Building Washington, D.C. 20510
Re: Oil Refining - Considering future eventualities versus the myopia of the present (letter #11)
Dear Senator Sasse,
This is my eleventh letter to you expressing deep concern about an imminent conflict between1) Corporate Officers’ and Boards of Directors’ fiduciary duty in the face of insolvency, indeedtheir termination of unprofitable refining operations, and 2) national interest or public interest.
We ! e People must demand petroleum industry CEOs tell us — the American public — howthey will continue to supply fuels when earnings and dividends fall to critical levels, share priceplummets, they are no longer financially viable in the marketplace, and they become insolvent.
They have the best and brightest addressing the problem. Please consult with your colleaguesto compel them to share the results of their economic models. Conventional wisdom is industrymust grow or die. We must change the paradigm from growing “upward” to growing in breadthwith diversification, from “traditional” and “conventional” to the “innovative” and “sustainable.”
You must guide the petroleum industry to providing We ! e People a choice of fuels, which will
also enhance their longevity as viable and healthy corporations that are intended to live forever.
Petroleum prices where they are and corporate profitability in the balance, we face economicand security uncertainty as a nation because another competing interest is exercising controlover our self-induced vulnerability. The not-unexpected crisis provides America an opportunityto exercise honorable choice. It is choice that makes us an innovative and democratic nation.
Our choice now is whether to battle foreign manipulation of crude supply and price, or to shiftour national policies and human energies away from such conflicts. Stepping into the future iswhat we must compel the oil industry—our national resource—to do. Our future is electric.
Representative Jeff Fortenberry1514 Longworth House O!ce Building Washington, D.C. 20510
Re: Oil Refining - Considering future eventualities versus the myopia of the present (letter #11)
Dear Representative Fortenberry,
This is my eleventh letter to you expressing deep concern about an imminent conflict between1) Corporate Officers’ and Boards of Directors’ fiduciary duty in the face of insolvency, indeedtheir termination of unprofitable refining operations, and 2) national interest or public interest.
We ! e People must demand petroleum industry CEOs tell us — the American public — howthey will continue to supply fuels when earnings and dividends fall to critical levels, share priceplummets, they are no longer financially viable in the marketplace, and they become insolvent.
They have the best and brightest addressing the problem. Please consult with your colleaguesto compel them to share the results of their economic models. Conventional wisdom is industrymust grow or die. We must change the paradigm from growing “upward” to growing in breadthwith diversification, from “traditional” and “conventional” to the “innovative” and “sustainable.”
You must guide the petroleum industry to providing We ! e People a choice of fuels, which will
also enhance their longevity as viable and healthy corporations that are intended to live forever.
Petroleum prices where they are and corporate profitability in the balance, we face economicand security uncertainty as a nation because another competing interest is exercising controlover our self-induced vulnerability. The not-unexpected crisis provides America an opportunityto exercise honorable choice. It is choice that makes us an innovative and democratic nation.
Our choice now is whether to battle foreign manipulation of crude supply and price, or to shiftour national policies and human energies away from such conflicts. Stepping into the future iswhat we must compel the oil industry—our national resource—to do. Our future is electric.
Representative Adrian Smith2241 Rayburn House O!ce Building Washington, D.C. 20510
Re: Oil Refining - Considering future eventualities versus the myopia of the present (letter #11)
Dear Representative Smith,
This is my eleventh letter to you expressing deep concern about an imminent conflict between1) Corporate Officers’ and Boards of Directors’ fiduciary duty in the face of insolvency, indeedtheir termination of unprofitable refining operations, and 2) national interest or public interest.
We ! e People must demand petroleum industry CEOs tell us — the American public — howthey will continue to supply fuels when earnings and dividends fall to critical levels, share priceplummets, they are no longer financially viable in the marketplace, and they become insolvent.
They have the best and brightest addressing the problem. Please consult with your colleaguesto compel them to share the results of their economic models. Conventional wisdom is industrymust grow or die. We must change the paradigm from growing “upward” to growing in breadthwith diversification, from “traditional” and “conventional” to the “innovative” and “sustainable.”
You must guide the petroleum industry to providing We ! e People a choice of fuels, which will
also enhance their longevity as viable and healthy corporations that are intended to live forever.
Petroleum prices where they are and corporate profitability in the balance, we face economicand security uncertainty as a nation because another competing interest is exercising controlover our self-induced vulnerability. The not-unexpected crisis provides America an opportunityto exercise honorable choice. It is choice that makes us an innovative and democratic nation.
Our choice now is whether to battle foreign manipulation of crude supply and price, or to shiftour national policies and human energies away from such conflicts. Stepping into the future iswhat we must compel the oil industry—our national resource—to do. Our future is electric.
Representative Brad Ashford107 Cannon House O!ce Building Washington, D.C. 20510
Re: Oil Refining - Considering future eventualities versus the myopia of the present (letter #11)
Dear Representative Ashford,
This is my eleventh letter to you expressing deep concern about an imminent conflict between1) Corporate Officers’ and Boards of Directors’ fiduciary duty in the face of insolvency, indeedtheir termination of unprofitable refining operations, and 2) national interest or public interest.
We ! e People must demand petroleum industry CEOs tell us — the American public — howthey will continue to supply fuels when earnings and dividends fall to critical levels, share priceplummets, they are no longer financially viable in the marketplace, and they become insolvent.
They have the best and brightest addressing the problem. Please consult with your colleaguesto compel them to share the results of their economic models. Conventional wisdom is industrymust grow or die. We must change the paradigm from growing “upward” to growing in breadthwith diversification, from “traditional” and “conventional” to the “innovative” and “sustainable.”
You must guide the petroleum industry to providing We ! e People a choice of fuels, which will
also enhance their longevity as viable and healthy corporations that are intended to live forever.
Petroleum prices where they are and corporate profitability in the balance, we face economicand security uncertainty as a nation because another competing interest is exercising controlover our self-induced vulnerability. The not-unexpected crisis provides America an opportunityto exercise honorable choice. It is choice that makes us an innovative and democratic nation.
Our choice now is whether to battle foreign manipulation of crude supply and price, or to shiftour national policies and human energies away from such conflicts. Stepping into the future iswhat we must compel the oil industry—our national resource—to do. Our future is electric.
