There is no problem with crude supply. Prices do not depend exclusively on OPEC,

Sorry to be crude but we did not pick these prices out of our nose.

It's not as if we haven't dealt with crude prices at these levels, but again you're pushing up against the historic highs.

In the event of prices remaining at current levels, (OPEC ministers) should be prepared to take the necessary steps to raise output,

I think that what we may be seeing is the realization that if crude is not the problem, then we can't justify prices at $60 a barrel.

There's not much you can do about (the prices). It's a political matter. Of course, supply and demand comes into it, but I don't think the war in Iraq or (Hurricane) Katrina has any particular effect on it.