Claude Mandil
Claude Mandil
Claude Mandilis a French businessman. Mandil is a member of the Board of Directors of Total S.A. and is the former Executive Director of the International Energy Agency...
basis caused convinced decided difficult economy hurricane hurt lack last offset prices reserve response shortage since situation spare
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.
funds marvelous time
It's a marvelous time for all the funds who want to invest.
prices today
Prices today are much too high, even at $50.
consumer countries
I would not say that they, OPEC, are responsible for all of it. We consumer countries are in responsible in part,
embargo iranian oil risk
The risk of an embargo on Iranian oil ... is not a constraint.
carbon coal continue costs demand developing emission grows increase likely mainly plans pollution power remain
This is likely to continue as demand for power grows mainly in the developing economies. But coal must remain competitively priced, especially as pollution abatement costs increase as carbon emission plans increase,