Fadel Gheit
Fadel Gheit
becomes charge consumers cost economic higher hit increased oil prices recovery situation stifle
Higher oil prices stifle economic growth. There becomes a situation where manufacturers will have to charge consumers more for the increased cost of fuel. The economic recovery right now is very tentative and it can't be hit with higher oil prices.
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.
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,
haunt high oil prices
High oil prices will come and haunt us.
drop high prices unusually
The drop in prices correlates with unusually high temperatures in the Northeast.
highest invasion iraqi kuwait level mark oil outside
Oil prices, ... are probably going to go over $26, which will mark the highest level outside the Iraqi invasion of Kuwait in 1990.
higher reflecting stocks support
These stocks are not reflecting $50 or $60 oil. They are probably reflecting $40 oil. But this is not realistic. The fundamentals support a higher price.
advantage barrel cake eat high holding marginal producer producing wants
Every producer around the world is producing the marginal barrel to take advantage of high prices. Right now, OPEC is not holding back. But OPEC wants to have its cake and eat it, too.
data degrees expectation high increase inventory less parts reflect rising weekly
Because the temperatures are rising as high as 60 degrees in (some parts of the region), the expectation is that weekly inventory data will show an increase to reflect less consumption.
average bill close cost disposable due economic fuel gas gasoline higher home impacts less means oil paying per power prices purchasing retail rise week
A rise in oil prices stifles economic growth, ... There is a close correlation between gasoline prices and retail sales. Paying more per week for gas means less disposable income, which impacts retail and the purchasing power of the consumer, as does a higher average home heating bill due to the cost of fuel oil.
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.