Leo Drollas Quotations

Frankly, we couldn't cope with the loss of Iranian oil.

Given the volatility of some regions, who is to guarantee that your assets might not be worthless one day?

Going by the cost of finding and developing oil today, there is no reason why the long-term price should be at $50-plus.

There's money coming in -- and it's big money. These flows are huge.

At last the IEA is doing something useful apart from the collection of statistics. Better late than never.

It's a PR exercise to prove to the consumer that OPEC actually likes them. It's not going to help the market at all.

In the wet-barrel market - the real barrels that are stored and traded - there is no shortage of oil. But the paper barrels - the futures market - react like a lightning rod in a volatile market. That's their role.

I don't think there's much chance of getting to the worst case. It would damage the Iranians as much as anyone else.