Fadel Gheit
Fadel Gheit
weapon
The only weapon they can use is oil.
good news quarter
The only good news about the first quarter is that it's over,
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.
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.
bad hurricane situation
The infrastructure was already strained before the hurricane. The hurricane has made a bad situation worse.
compared finally gasoline measure waking
It was like a very long dream, and we're finally waking up. Gasoline by any measure is still very, very inexpensive compared to anywhere.
economies global matter walking whether
The U.S. and global economies are like the walking wounded, ... It's not a matter of whether they will fall, but of when.
bulk easy last oil three
The bulk of the replacement in the last three years was through acquisitions. The easy oil has been discovered.
maintain
All they want to do is maintain the same speed.
exceeded production terms volume year
Operationally they exceeded expectations in terms of production; their production volume was up significantly from year ago.
betting dent energy future investors meaningful ranch sources unlikely
All these alternative energy sources are unlikely to make a dent in the big picture. It's going to be many, many years into the future before we see any meaningful results. I don't think any real analysts or investors are betting the ranch on hydrogen.
cooling demand economic expect growth oil price
Any cooling in economic growth immediately will take oil demand down so one would expect the price will come down.
alter expecting exporting hussein iraq lift panicked people position pressure producing pull saddam sanctions stop stopped supply threatened traders trick trying weeks
A lot of people were expecting that Saddam Hussein would pull a trick before year-end because he was trying to put pressure on the U.N. to lift sanctions or try to alter the position of the sanction, so he threatened two weeks ago to stop exporting oil, ... The traders panicked in anticipation of a supply shortage, but Iraq never stopped producing oil.
buying money throwing totally unpopular
These governments are totally unpopular and repressive. The only thing they have going for them is buying stability, throwing money at their friends and enemies.