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,
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.
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.
equity good market news oil prices rise
A rise in oil prices is not good news for the equity market or the economy.
hope longer prices stay trouble
It could be a month, it could be a year, but I hope it's not longer. The longer prices stay high, the more trouble there will be.
bullish driven exceeding fears forecasts industry largely oil past potential prices supply year
Oil prices have been exceeding the most bullish forecasts for the past year and a half, and that's not driven by industry fundamentals, but largely by speculation and fears of a potential supply disruption,
continue dropping people prices reason scare
Speculators have no reason to scare people with shortages. And you can see this because futures are dropping and prices will continue to drop,
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.