Fadel Gheit
Fadel Gheit
companies expect handle ill instant oil prepared prices profits took winning
The surge in oil prices took companies by surprise. They didn't expect the windfall profits and were ill prepared to handle the instant wealth. It's like winning the lottery.
additional coming demand entering factor focused high market oil period products start summer supplies therefore
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,
bad freaky good news next quarter
This is a very very freaky market. The the bad news is this was a very bad quarter. The good news is next quarter is going to be better.
bush president production releasing strategic talks understand
The more President Bush talks about releasing strategic reserves, the more we understand that weve got no more production to give.
emotion field playing
The speculators are going to have a field day playing with emotion and rumor.
charged headlines situation
You put all these headlines together, you see the situation is getting charged up and getting out of control.
action against appear calmed conduct easing east eliminated immediate market middle military oil plans point second
The easing of the tensions in the Middle East has calmed down the oil market and there appear to be no immediate plans to conduct military action against Iraq. So that has eliminated the second point of worry,
companies
All these companies have so much money, they don't know what to do with it.
continues demand economy global relatively remains seems supply
Demand continues to be relatively strong. Supply remains tight. And the global economy seems to be doing OK. As they say, no harm, no foul.
evidence worry
This is evidence that we really don't have to worry about shortages,
affected company greater lost production restore volume
The volume of lost production will be significantly greater than that lost under Ivan. Not one company that was affected has been able to restore its production 100 percent.
coast oil squeeze
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.
continue market oil prices remain stocks
As long as oil prices remain high, oil stocks will continue to outperform the market in general.
basically crude following sentiment side stocks
Basically the stocks are following the sentiment on the crude side more than anything else. There are no big surprises.