A new refinery is important now for the short term because we'd like to have cheaper gasoline for our transport sector and industry. We have to take advantage of Mexico's offer because we're not going to exploit our own petroleum resources. We won't put our biodiversity at risk.

As the CEO, I have to take care of the short term, mid term and the long term.

Ethanol doesn't burn cleaner than gasoline, nor is it cheaper.

The communiqué reflects our particular concern about the negative impact that excessive increases in short-term interest rates in the major industrialized countries on growth prospects and the cost of credit for developing countries. We are also concerned about the potential dangers of too much volatility among the major currencies and financial asset markets.

The long term versus the short term argument is one used by losers.

We live in an age where everything is based on the short term.