Claude Mandil Quotes (16 Quotes)

Both have decided to build strategic stocks and we hope to reach an agreement on coordination.

The review was needed anyway as there are four refineries still shut. But on the other hand, the market has reacted well to Katrina, with flexibility.

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.

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,

Prices today are much too high, even at 50.

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.

But governments can't do everything at the same time, as they won't have enough money left for research and development.

It can be extended without difficulty. It will be used when needed, if the market does not need it we will not weep.

We have demonstrated that we were able to decide at very short notice. We do not know a lot about Rita, whether it will make damage or not.

If there was supply disruption either created by Nigeria, Iran or both, that would lead, no doubt about that, to a stock release from the IEA countries.

It would be difficult to understand if there was a cut.

We are absolutely delighted that President Bush has recognized at last that his country is addicted to oil. But the way he said it -- to get rid of dependence on Middle East oil -- will not help us convince those countries that they will have to increase their investment.

Spare capacity has never been as low as it is today in upstream and downstream. A lot of investment is needed.

The market will remain tight in the next three years. Upstream and downstream capacity is not enough.

The increase in emissions from China alone will exceed the increase in all the OECD countries and Russia combined.

It's a marvelous time for all the funds who want to invest.