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Letter "C" » Claude Mandil Quotes
«Rita was better than expected, but no survey has been made on the platforms,»
«Spare capacity has never been as low as it is today in upstream and downstream. A lot of investment is needed.»
«expect those policies to be dropped.»
«Prices today are much too high, even at $50.»
«What we decided was in response to a shortage caused by Hurricane Katrina, in a situation where there was lack of spare capacity, which is much more difficult to offset without the reserve release. The prices are a signal, but not the basis for us to decide. We are convinced that they have hurt the economy since last year.»
«We imagine using something that is like a carrot without a stick.»
«The impact of hurricanes Katrina and Rita has been successfully addressed.»
«The increase in emissions from China alone will exceed the increase in all the OECD countries and Russia combined.»
«This is likely to continue as demand for power grows mainly in the developing economies. But coal must remain competitively priced, especially as pollution abatement costs increase as carbon emission plans increase,»
«I would not say that they, OPEC, are responsible for all of it. We consumer countries are in responsible in part,»