It seems that even with very high prices people are willing to consume as much petroleum products as before. That does not help to calm the market,
More Quotes from Claude Mandil:
But governments can't do everything at the same time, as they won't have enough money left for research and development.Claude Mandil
It can be extended without difficulty. It will be used when needed, if the market does not need it we will not weep.
Claude Mandil
Spare capacity has never been as low as it is today in upstream and downstream. A lot of investment is needed.
Claude Mandil
These projected trends have important implications and lead to a future that is not sustainable, ... We must change these outcomes and get the planet on to a sustainable energy path.
Claude Mandil
The increase in emissions from China alone will exceed the increase in all the OECD countries and Russia combined.
Claude Mandil
I think that is part of the answer, ... But what I expect most is a clear time table for when they will bring on more capacity of light sweet crude in the coming months.
Claude Mandil
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