Claude Mandil Quotes

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. - Claude Mandil

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. - Claude Mandil

We must change these outcomes and get the planet onto a sustainable energy path. - Claude Mandil

We imagine using something that is like a carrot without a stick. - Claude Mandil

We have lived in the most developed countries with overcapacity and now we are short of capacity everywhere. - Claude Mandil

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. - Claude Mandil

We have 4 billion barrels in strategic stocks. - Claude Mandil

We are on alert. - Claude Mandil

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. - Claude Mandil

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