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,
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.
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,
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.