Fadel Gheit
Fadel Gheit
call cannot causing easing extend market period slowly soft supply wants
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.
call cannot causing easing extend market period slowly soft supply wants
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.
adding barrels billion discovery elephant reason trouble
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.
hope longer prices stay trouble
It could be a month, it could be a year, but I hope it's not longer. The longer prices stay high, the more trouble there will be.
add buy companies control dividends earn excite free gas grow hard investors likely oil raise ride rising work
The companies will have to work hard to earn their performance. They are not going to get a free ride on the back of rising oil and gas prices, which are likely to be flat. What will excite investors are those companies that are able to grow production, add reserves, control costs, raise dividends or buy back stock.
bullish driven exceeding fears forecasts industry largely oil past potential prices supply year
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,
citizen corporate good welfare work
Exxon is a good corporate citizen but it does not work for the welfare of the country.
adequate ensure hard oil political protect unlike war
But oil is unlike all other commodities, ... It is a political commodity. We will go to war to protect it, to ensure adequate supply, which makes it very, very hard to predict.
bark friday home thinking
Basically, before the hurricane, they went home Friday thinking this thing is going to fizzle out, it's going to bark but it's not going to bite,
beginning energy rising
All these things are beginning to show up. When you have rising energy prices, something has to give. It's not going to go unmatched by costs.
continue good hitting likely news
They were hitting on all cylinders. ... It's good news for Exxon shareholders and likely to continue in '06.
advice almost bad breakup deal either good handled pay pocket poor strategy threw
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.
biggest disaster happened lack
The biggest disaster was the lack of information: The refineries - are they up or down? What happened to the platforms?
continue dropping people prices reason scare
Speculators have no reason to scare people with shortages. And you can see this because futures are dropping and prices will continue to drop,