Fadel Gheit
Fadel Gheit
damage hurricane rita
The damage from Hurricane Rita has been significantly under-reported.
damage hurricane rita
The damage from Hurricane Rita has been significantly underreported,
companies
All these companies have so much money, they don't know what to do with it.
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.
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,
damage hurricane might
The hurricane might not have to damage refineries to keep them off line.
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.
both market nature tremendous
The market always overreacts. That's the nature of the beast. There's tremendous speculation both on the way up and on the way down,
bad hurricane situation
The infrastructure was already strained before the hurricane. The hurricane has made a bad situation worse.
believe eventually oil price question
I do believe we are in an oil price bubble. It will eventually burst. The question is not if but when.