60 million barrels is good for the short term, and if it's needed, they'll release more. It has been proven that production after a hurricane can be recovered in a time frame from a few months to a year.

We'll have a cut of 2 million (barrels) on the 1st of January, I don't have any doubt.

Royalties were to be suspended (on up to 87.5 million barrels). There have been a lot of things published. This (rule) is spelled out in the act.

Iran exports about 2.2 million barrels a day.

This could be almost worse than Katrina because there are 4 million barrels of refining in Texas areas, much more than there was in New Orleans. (Texas) is the other major refining heart.

Lifestyle remodels have clearly provided a short-term boost for Safeway shares. But we firmly believe that pricing is a much more relevant structural issue in the grocery industry. Safeway must permanently lower its pricing.