I am struck that there is some demand destruction related to both high prices and logistic constraints.

I am struck that there is some demand destruction related to both high prices and logistic constraints,

This is likely to continue as demand for power grows mainly in the developing economies. But coal must remain competitively priced, especially as pollution abatement costs increase as carbon emission plans increase.

The IEA member countries will exercise flexibility in re-establishing their emergency stock levels through 2006, noting the need to take into account seasonal demand and the possibility of higher than expected refinery maintenance.

We must change these outcomes and get the planet onto a sustainable energy path.

If any supply disruption occurs again we can make a speedy decision,