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...
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,
capacity market next remain three tight
The market will remain tight in the next three years. Upstream and downstream capacity is not enough.
funds marvelous time
It's a marvelous time for all the funds who want to invest.
decision extend market prefer release stocks whether work
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.
damage decide short whether
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.
agreement both build decided hope reach stocks strategic
Both have decided to build strategic stocks and we hope to reach an agreement on coordination.
barrels billion strategic
We have 4 billion barrels in strategic stocks.
anyway four market needed review
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.
embargo iranian oil risk
The risk of an embargo on Iranian oil ... is not a constraint.
difficult understand
It would be difficult to understand if there was a cut.
large prioritize products proportion suggested
A large proportion of the remainder will be (refined) products ... we have suggested they prioritize products,
prices today
Prices today are much too high, even at $50.
lots lower reasons sure
(Prices) should be lower for lots of reasons this year. ...I'm not sure that will happen.
left money research
But governments can't do everything at the same time, as they won't have enough money left for research and development.