Fadel Gheit
Fadel Gheit
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.
beginning believe car door gasoline guarantee hits low next oil pay per pool prices truly
I truly believe that oil prices have been artificially low for so long that we're now beginning to pay the real price, ... But if gasoline hits $6 per gallon, I guarantee you'll car pool with your next door neighbor, even if he smells.
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,
market moves perception
It's market perception that moves the market, and the perception is negative,
barrels cutting demand million oil per warm weather
The warm weather in the U.S. may be cutting demand for oil by 1 million barrels per day.
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.
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.