What we decided was in response to a shortage caused by...

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 Quote About Basis, Caused, Convinced, Decided, Difficult: What We Decided Was In...

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