Fadel Gheit
Fadel Gheit
blamed cut economic half moved prices production second sure
Obviously, if they had cut production more, prices would have probably moved higher, and that would have curtailed economic growth, ... They want to make sure they will not be blamed for any economic slowdown in the second half of this year.
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.
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.
companies everybody lady seeing waiting
We're already seeing some companies yielding to pressure. But everybody is waiting for the big lady to sing, which is Exxon.
across board clear high margins obviously third
Refining margins across the board obviously cooled off from their all-time high in the third quarter, and obviously that was very clear and expected.
energy few maybe names services
maybe sprinkle a few names from refining, marketing, some independent stocks, and energy services stocks.
high keeping potential prices supply
The only thing keeping prices artificially high is the potential for supply disruption, ... Fundamentally, prices should be at $20-to-$25.
again dust exceeded katrina match rita terms
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.
demand entering huge levels lowest period sitting year
We are entering the lowest demand period of the year sitting on huge levels of inventories.
iraqi likely lower oil prices resolution until
We're not likely to see oil prices going lower until there's resolution on the Iraqi front,
huge printing second
We think they're going to do a huge, huge second quarter. They're printing money, basically.
attack oil spike terrorist wisdom
The conventional wisdom was that we were going to see immediately after the terrorist attack a spike of oil prices,
insulated rest
We are not insulated from the rest of the world, like it or not.