Fadel Gheit
Fadel Gheit
ceos copied duplicate everybody lee raymond standard
Lee Raymond really set the standard for other CEOs in the industry. Everybody else copied Lee Raymond, but you can't duplicate what he's done.
thunder
BP is more fat. Exxon is all muscle. Exxon stole the thunder this quarter.
exceeded gulf highest hurricane impact mexico path
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.
investors money oil randomly
Investors need to think first, and not put money randomly into oil stocks,
additional barrels cost currently disposable eating income inflated million oil people prices tax uses
The U.S. uses 20 million barrels of oil a day. Prices are currently inflated by about $15 a barrel, and that additional cost is effectively a $300 million dollar-a-day tax on Americans, eating away at disposable income for people in this country,
damage hurricane might
The hurricane might not have to damage refineries to keep them off line.
driven normal rise sharp
It's a normal pullback after a sharp rise that was driven more by speculation than fundamentals.
cold prices rise
If we don't have a particularly cold winter, we won't see prices rise dramatically.
solution
And there is no near-term solution for any of these things.
currency deal extremely good stock
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.
rumors taken
Rumors and speculation have taken over the market.
beyond bullish prices pushed shortage
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.
energy few maybe names services
maybe sprinkle a few names from refining, marketing, some independent stocks, and energy services stocks.
extremely missed
My expectations were extremely high; we missed big time.