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Fadel Gheit Quotes
«We could see the market getting tight in the event that we have a really cold winter.»
Author: Fadel Gheit
«It's cheaper for companies to buy production and reserves on Wall Street than go drill for it. It's instant gratification.»
Author: Fadel Gheit
«The damage from Hurricane Rita has been significantly under-reported.»
Author: Fadel Gheit
«The companies will have to work hard to earn their performance. They are not going to get a free ride on the back of rising oil and gas prices, which are likely to be flat. What will excite investors are those companies that are able to grow production, add reserves, control costs, raise dividends or buy back stock.»
Author: Fadel Gheit
«Basically the stocks are following the sentiment on the crude side more than anything else. There are no big surprises.»
Author: Fadel Gheit
«Refining margins across the board obviously cooled off from their all-time high in the third quarter, and obviously that was very clear and expected.»
Author: Fadel Gheit
«The warm weather in the U.S. may be cutting demand for oil by 1 million barrels per day.»
Author: Fadel Gheit
«The damage from Hurricane Rita has been significantly underreported,»
Author: Fadel Gheit
«When gas prices rise then discretionary driving is curtailed, ... People will think twice. I was just down south and everybody I talked to was carpooling.»
Author: Fadel Gheit
«I think OPEC is showing tremendous strength in keeping oil prices firm, but they cannot push it much further, ... If they do, they will have to contend with things that they do not want in the long run, like possible economic troubles.»
Author: Fadel Gheit