Fadel Gheit
Fadel Gheit
comment saying send source
What he's saying makes a lot of sense. Unfortunately, the source of the comment is going to send jitters in the market.
believe buy downside given greater lack lower oil potential prices risk spare strong supply tight upside
We reiterate our buy rating, as we believe the upside potential is greater than the downside risk from sharply lower oil prices given the strong demand, tight supply and lack of spare capacity.
barrels environment exporter increase investment iraq largest million next oil production year
With the right investment environment and under the right government, Iraq could increase production by a million barrels a day every year for the next 10 years, ... It could be the largest oil exporter in the world, eclipsing Saudi Arabia.
iran prices resolved unless until
Until and unless the stalemate with Iran is resolved one way or the other, I think we're going to see prices higher.
weapon
The only weapon they can use is oil.
companies cuts job merge option seek
The only option for these companies is to merge and seek yet more job cuts and savings.
good news quarter
The only good news about the first quarter is that it's over,
city companies mandatory maybe near operating preparing shut texas three
There are mandatory evacuations in the Galveston area, and most of the operating companies near Texas City are preparing to shut down completely by this Friday. They believe, at best, they will be shut down for three days, maybe as long as a week.
crude giving lack patient problem wrong
We're giving the patient the wrong medicine. The problem is not the lack of crude oil.
concerned delicate major people supply
We're still in a delicate balance, with people still concerned about a major supply disruption.
movies perfect rally watching
This rally is the perfect storm. It's surreal, it's like watching a movie.
thunder
BP is more fat. Exxon is all muscle. Exxon stole the thunder this quarter.
cake earnings prices unless
Unless (energy) prices collapse, earnings in 2006 will make 2005 look like a cake walk.
recovered
We have not even recovered from Katrina, so it would be another big blow.