30 Quotes by Claude Mandil

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.

On the refining side we need regulations to be predictable.

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

If any supply disruption occurs again we can make a speedy decision,

I would not say that they, OPEC, are responsible for all of it. We consumer countries are in responsible in part,

Rita was better than expected, but no survey has been made on the platforms,

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

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.

There is insufficient capacity there and there is a problem with conversion capacity.