55 ordspråk av Claude Mandil

Claude Mandil

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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,

It would be extremely useful for all governments in consuming countries to be serious about energy efficiency.

If any supply disruption occurs, I am sure we can take again a very speedy decision (to release oil from emergency reserves).

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.

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

We will see whether there is a need to extend the decision and release more stocks or if the market can work alone, ... ...We would prefer for the market to work alone.

A large proportion of the remainder will be (refined) products ... we have suggested they prioritize products,

Maybe in 15 days we will see that the recovery in the U.S. has been better than expected. But maybe ... we will need to extend or even increase the stock draw.

My proposal, if it were made today, would be to stay with the present decision so far -- and of course to let it work.

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.

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