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【TOP 50】Fadel Gheit Quotes - WhatsApp Status | Page-1

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We're not likely to see oil prices going lower until there's resolution on the Iraqi front, - Fadel Gheit Quotes

We're not likely to see oil prices going lower until there's resolution on the Iraqi front,

There is speculation that Texaco would be the next takeover target, but on fundamentals, Texaco is a very cheap stock, very high leverage to both oil prices and gas prices and both moving higher, - Fadel Gheit Quotes

There is speculation that Texaco would be the next takeover target, but on fundamentals, Texaco is a very cheap stock, very high leverage to both oil prices and gas prices and both moving higher,

One million barrels is nothing, it's like a rounding error, ... One vessel could arrive tomorrow carrying one or two million barrels of crude. - Fadel Gheit Quotes

One million barrels is nothing, it's like a rounding error, ... One vessel could arrive tomorrow carrying one or two million barrels of crude.

Right now it's a squeeze play for oil industry, ... But if they can get by from here to February, I think the coast is clear. - Fadel Gheit Quotes

Right now it's a squeeze play for oil industry, ... But if they can get by from here to February, I think the coast is clear.

The only option for these companies is to merge and seek yet more job cuts and savings. - Fadel Gheit Quotes

The only option for these companies is to merge and seek yet more job cuts and savings.

A rise in oil prices is not good news for the equity market or the economy. - Fadel Gheit Quotes

A rise in oil prices is not good news for the equity market or the economy.

The drop in prices is long overdue, - Fadel Gheit Quotes

The drop in prices is long overdue,

Politicians can flip in no time, depending on where the political wind is blowing. The company is concerned and doing the right thing by educating the public. - Fadel Gheit Quotes

Politicians can flip in no time, depending on where the political wind is blowing. The company is concerned and doing the right thing by educating the public.

With the right investment environment and under the right government, Iraq could increase production by a million barrels a day every year for the next 10 years, ... It could be the largest oil exporter in the world, eclipsing Saudi Arabia. - Fadel Gheit Quotes

With the right investment environment and under the right government, Iraq could increase production by a million barrels a day every year for the next 10 years, ... It could be the largest oil exporter in the world, eclipsing Saudi Arabia.

I think Exxon would probably have to sweeten the deal with some cash, but Exxon stock is an extremely good currency for Mobil shareholders to hold. - Fadel Gheit Quotes

I think Exxon would probably have to sweeten the deal with some cash, but Exxon stock is an extremely good currency for Mobil shareholders to hold.

This rally is the perfect storm. It's surreal, it's like watching a movie. - Fadel Gheit Quotes

This rally is the perfect storm. It's surreal, it's like watching a movie.

Movie

We have to remember here that almost 25 per cent of our refining capacity is concentrated within a 15 to 20 mile radius from the Houston area, so any impact could be substantial, - Fadel Gheit Quotes

We have to remember here that almost 25 per cent of our refining capacity is concentrated within a 15 to 20 mile radius from the Houston area, so any impact could be substantial,

The Exxon Mobil chairman just said at a conference today that oil prices are basically reflecting the global political climate more than supply and demand fundamentals. - Fadel Gheit Quotes

The Exxon Mobil chairman just said at a conference today that oil prices are basically reflecting the global political climate more than supply and demand fundamentals.

Any cooling in economic growth immediately will take oil demand down so one would expect the price will come down. - Fadel Gheit Quotes

Any cooling in economic growth immediately will take oil demand down so one would expect the price will come down.

Rumors and speculation have taken over the market. - Fadel Gheit Quotes

Rumors and speculation have taken over the market.

It's cheaper for companies to buy production and reserves on Wall Street than go drill for it. It's instant gratification. - Fadel Gheit Quotes

It's cheaper for companies to buy production and reserves on Wall Street than go drill for it. It's instant gratification.

We've given them enough of a scare the last few days, a preview of things to come when demand is not strong, - Fadel Gheit Quotes

We've given them enough of a scare the last few days, a preview of things to come when demand is not strong,

Part of the reason (companies are having trouble adding real reserves) is that there has not been an elephant discovery -- one over a billion barrels -- for 15 years. - Fadel Gheit Quotes

Part of the reason (companies are having trouble adding real reserves) is that there has not been an elephant discovery -- one over a billion barrels -- for 15 years.

When gas prices rise then discretionary driving is curtailed, ... People will think twice. I was just down south and everybody I talked to was carpooling. - Fadel Gheit Quotes

When gas prices rise then discretionary driving is curtailed, ... People will think twice. I was just down south and everybody I talked to was carpooling.

The hurricane impact significantly exceeded everybody's highest estimate. Being in the Gulf of Mexico and being in the path of the hurricanes, there's nothing you can do about that. - Fadel Gheit Quotes

The hurricane impact significantly exceeded everybody's highest estimate. Being in the Gulf of Mexico and being in the path of the hurricanes, there's nothing you can do about that.

The drop in prices correlates with unusually high temperatures in the Northeast. - Fadel Gheit Quotes

The drop in prices correlates with unusually high temperatures in the Northeast.

The drop in prices correlates with unusually high temperatures in the Northeast, - Fadel Gheit Quotes

The drop in prices correlates with unusually high temperatures in the Northeast,

We are entering the lowest demand period of the year sitting on huge levels of inventories. - Fadel Gheit Quotes

We are entering the lowest demand period of the year sitting on huge levels of inventories.

I truly believe that oil prices have been artificially low for so long that we're now beginning to pay the real price, ... But if gasoline hits $6 per gallon, I guarantee you'll car pool with your next door neighbor, even if he smells. - Fadel Gheit Quotes

I truly believe that oil prices have been artificially low for so long that we're now beginning to pay the real price, ... But if gasoline hits $6 per gallon, I guarantee you'll car pool with your next door neighbor, even if he smells.

OPEC really cannot extend this period much longer. OPEC wants to do what I call a soft landing, by easing supply back into the market slowly and not causing any shocks. - Fadel Gheit Quotes

OPEC really cannot extend this period much longer. OPEC wants to do what I call a soft landing, by easing supply back into the market slowly and not causing any shocks.

Speculators pushed the prices beyond even the most bullish estimates, because they exaggerated (supply shortage fears), but now I think we see the party's over. - Fadel Gheit Quotes

Speculators pushed the prices beyond even the most bullish estimates, because they exaggerated (supply shortage fears), but now I think we see the party's over.

We're giving the patient the wrong medicine. The problem is not the lack of crude oil. - Fadel Gheit Quotes

We're giving the patient the wrong medicine. The problem is not the lack of crude oil.

The market is therefore focused on two things: No additional supplies coming from OPEC. The other factor is that we should be entering what is a high demand period for oil products with the start of the summer season, - Fadel Gheit Quotes

The market is therefore focused on two things: No additional supplies coming from OPEC. The other factor is that we should be entering what is a high demand period for oil products with the start of the summer season,

The more President Bush talks about releasing strategic reserves, the more we understand that weve got no more production to give. - Fadel Gheit Quotes

The more President Bush talks about releasing strategic reserves, the more we understand that weve got no more production to give.

There are mandatory evacuations in the Galveston area, and most of the operating companies near Texas City are preparing to shut down completely by this Friday. They believe, at best, they will be shut down for three days, maybe as long as a week. - Fadel Gheit Quotes

There are mandatory evacuations in the Galveston area, and most of the operating companies near Texas City are preparing to shut down completely by this Friday. They believe, at best, they will be shut down for three days, maybe as long as a week.

Losing the Saudi oil would immediately shock the U.S. economy to the worst level in decades, - Fadel Gheit Quotes

Losing the Saudi oil would immediately shock the U.S. economy to the worst level in decades,

CNOOC handled it very badly, with poor strategy and poor decision-making. They had the deal almost in their back pocket but they threw it away, insisting Unocal pay Chevron the breakup fee. Either they got bad advice or they didn't take good advice. - Fadel Gheit Quotes

CNOOC handled it very badly, with poor strategy and poor decision-making. They had the deal almost in their back pocket but they threw it away, insisting Unocal pay Chevron the breakup fee. Either they got bad advice or they didn't take good advice.

This global tension, led by the stalemate between Iran and the U.S., could lead to oil prices about $80. People are really afraid that something is going to happen, and soon. - Fadel Gheit Quotes

This global tension, led by the stalemate between Iran and the U.S., could lead to oil prices about $80. People are really afraid that something is going to happen, and soon.

High oil prices will come and haunt us. - Fadel Gheit Quotes

High oil prices will come and haunt us.

It's like the guy who won the lottery, and now everybody hates him. - Fadel Gheit Quotes

It's like the guy who won the lottery, and now everybody hates him.

The warm weather in the U.S. may be cutting demand for oil by 1 million barrels per day. - Fadel Gheit Quotes

The warm weather in the U.S. may be cutting demand for oil by 1 million barrels per day.

Also, the president is making speeches trying to talk oil prices down and say the situation is better, but talk won't change the underlying fundamentals. Demand is still strong, supply is still tight. So even if perception changes for a bit, the situation is no different. - Fadel Gheit Quotes

Also, the president is making speeches trying to talk oil prices down and say the situation is better, but talk won't change the underlying fundamentals. Demand is still strong, supply is still tight. So even if perception changes for a bit, the situation is no different.

Exxon is a good corporate citizen but it does not work for the welfare of the country. - Fadel Gheit Quotes

Exxon is a good corporate citizen but it does not work for the welfare of the country.

Oil prices have been exceeding the most bullish forecasts for the past year and a half, and that's not driven by industry fundamentals, but largely by speculation and fears of a potential supply disruption, - Fadel Gheit Quotes

Oil prices have been exceeding the most bullish forecasts for the past year and a half, and that's not driven by industry fundamentals, but largely by speculation and fears of a potential supply disruption,

The infrastructure was already strained before the hurricane. The hurricane has made a bad situation worse. - Fadel Gheit Quotes

The infrastructure was already strained before the hurricane. The hurricane has made a bad situation worse.

They may not be just forming an alliance but instead merging where they won't have different mindsets but a single set of goals, - Fadel Gheit Quotes

They may not be just forming an alliance but instead merging where they won't have different mindsets but a single set of goals,

Oil companies can see the winds have shifted even with Republicans in control of Congress, - Fadel Gheit Quotes

Oil companies can see the winds have shifted even with Republicans in control of Congress,

Oil companies can see the winds have shifted even with Republicans in control of Congress. The White House is reeling. All of a sudden the industry does not have the strong backing it had six months ago. - Fadel Gheit Quotes

Oil companies can see the winds have shifted even with Republicans in control of Congress. The White House is reeling. All of a sudden the industry does not have the strong backing it had six months ago.

They're on the right track, they're doing a good job, stay tuned. As long as we have $60-plus oil, I think they're all going to do well. - Fadel Gheit Quotes

They're on the right track, they're doing a good job, stay tuned. As long as we have $60-plus oil, I think they're all going to do well.

Occidental is paying more than double what its own stock is valuing its existing reserves, - Fadel Gheit Quotes

Occidental is paying more than double what its own stock is valuing its existing reserves,

We have not even recovered from Katrina, so it would be another big blow. - Fadel Gheit Quotes

We have not even recovered from Katrina, so it would be another big blow.

Barring any serious supply disruption, there is plenty of oil and prices could drop if the weather stays warm. But we have tremendous speculation in the markets driving prices, so there is no way to guarantee they will continue to fall. - Fadel Gheit Quotes

Barring any serious supply disruption, there is plenty of oil and prices could drop if the weather stays warm. But we have tremendous speculation in the markets driving prices, so there is no way to guarantee they will continue to fall.

OPEC really cannot extend this period much longer, ... OPEC wants to do what I call a soft landing, by easing supply back into the market slowly and not causing any shocks. - Fadel Gheit Quotes

OPEC really cannot extend this period much longer, ... OPEC wants to do what I call a soft landing, by easing supply back into the market slowly and not causing any shocks.

I would say we'll probably see $70 (a barrel) again before we see $50 or $55 even. When the dust settles, we'll see that while Rita did not match Katrina in terms of impact, it significantly exceeded what's been reported. - Fadel Gheit Quotes

I would say we'll probably see $70 (a barrel) again before we see $50 or $55 even. When the dust settles, we'll see that while Rita did not match Katrina in terms of impact, it significantly exceeded what's been reported.

We're already seeing some companies yielding to pressure. But everybody is waiting for the big lady to sing, which is Exxon. - Fadel Gheit Quotes

We're already seeing some companies yielding to pressure. But everybody is waiting for the big lady to sing, which is Exxon.

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