encourage the oil companies to invest their significant profits back into the refining sector -- that's what we're very eager to see.

I would guess two to four weeks before we see this sector [the oil industry] back to where it should be,

As a result of tight oil and gas markets, and the damage done by Hurricanes Katrina and Rita, it's likely that consumers will see an increase in their heating bills this winter,

SPR was put in place specifically for this kind of an event -- something that interferes with flow of crude oil through our refiners and then to our citizens,

Despite the fact that a large number of oil installations were saved, we are still experiencing oil shortages,

Our government would like to see the passage of the Russian subsoil law, which will clarify the rules and the laws for investment in the energy area,