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.

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.

It can be extended without difficulty. It will be used when needed, if the market does not need it we will not weep.

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

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

The effect [of the hurricanes] on the supply side may be long-lasting and continue into 2006.

A supply disruption could trigger a release, but it is too early to say. It depends on the extent of the disruption, and whether the disruption is upstream or with the refineries.

It is true that refining capacity is stretched. It is true that there is a refining bottleneck and it is true the demand increase has been stronger than expected.

These projected trends have important implications and lead to a future that is not sustainable from an energy-security or environmental perspective.