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Fadel Gheit Quotes
«maybe sprinkle a few names from refining, marketing, some independent stocks, and energy services stocks.»
Author: Fadel Gheit
«The demand for gasoline is very strong. And obviously now people are thinking ahead. And if we have a cold winter, we'll see a run up in home heating oil to above $2 per gallon,»
Author: Fadel Gheit
«Our economic dependence on oil is much less than it was even 10 years ago. If inflation comes, it won't be as big a hit as it was in the '80s.»
Author: Fadel Gheit
«A lot of people were expecting that Saddam Hussein would pull a trick before year-end because he was trying to put pressure on the U.N. to lift sanctions or try to alter the position of the sanction, so he threatened two weeks ago to stop exporting oil, ... The traders panicked in anticipation of a supply shortage, but Iraq never stopped producing oil.»
Author: Fadel Gheit
«We created a panic situation by reading too much into the empty threats, and when these threats started moving prices higher in anticipation, then the U.S. put its foot down and said even if Iraq stops world export, we are prepared to take all the necessary measures to make sure there is plenty of supply.»
Author: Fadel Gheit
«Any cooling in economic growth immediately will take oil demand down so one would expect the price will come down.»
Author: Fadel Gheit
«The only good news about the first quarter is that it's over,»
Author: Fadel Gheit
«This is a very very freaky market. The the bad news is this was a very bad quarter. The good news is next quarter is going to be better.»
Author: Fadel Gheit
«The easing of the tensions in the Middle East has calmed down the oil market and there appear to be no immediate plans to conduct military action against Iraq. So that has eliminated the second point of worry,»
Author: Fadel Gheit
«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.»
Author: Fadel Gheit