I would hope that the (OPEC) ministers would see fit to continue supplying the market,

That's the hope, and all of that has yet to be proven.

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,

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,

Obviously, the industry has made a lot of money. They have a responsibility to the American people to build new refining capacity,