But eventually it's a question of access: Getting access to fields is on top of the oil companies' agenda. We see a substantial build-up of supply occurring over the coming years.

If a war started, the oil price probably would go up, as you said, maybe $5, $6 a barrel until you saw other oil from the extra supplies that are available elsewhere coming into the world, into the market.

The bulk of extra supplies that could be put into the market come from two places. One, they come from other Persian Gulf suppliers, of which Saudi Arabia is at the top of the list.

It's extraordinary how inventive one can be with ethanol right now.

We don't fight about money... I hate to see people fight about money.

I see city finances within the context of an economic strategy... We are going to solve our financial problems by growing the economy, and I have rejected some corners that have called for a slash-and-burn approach, and I've rejected others who have called for raising taxes and leaving government as is.

I've got lots of friends who are musicians, and there is a fair proportion of broken marriages and relationships as a result. You are on the move all the time. It's difficult if you have kids, and it's hard to make money unless you are in the premier league.

We like to get money. Whoever wants to work with us and make some money, let's do it.