Fadel Gheit
Fadel Gheit
bring current declines demand high hope increase influenced inventory level levels perceived seen
There's hope that an increase in demand will bring down what is perceived to be current high level of inventory, ... But that has not happened. We haven't seen significant declines in inventory levels around the world. That has influenced OPEC's decision.
companies everybody lady seeing waiting
We're already seeing some companies yielding to pressure. But everybody is waiting for the big lady to sing, which is Exxon.
cannot contend economic keeping oil possible prices push showing strength tremendous
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.
almost capacity cent houston impact mile per radius remember within
We have to remember here that almost 25 per cent of our refining capacity is concentrated within a 15 to 20 mile radius from the Houston area, so any impact could be substantial,
energy few maybe names services
maybe sprinkle a few names from refining, marketing, some independent stocks, and energy services stocks.
cars crude lack oil problem run
The problem is not lack of oil supply. It's lack of oil refining capacity, ... You can give me all the oil you want, but our cars do not run on crude oil.
recovered
We have not even recovered from Katrina, so it would be another big blow.
demand few given last preview scare
We've given them enough of a scare the last few days, a preview of things to come when demand is not strong,
above average both current earnings expect gas given market oil prices record year
Given the current market fundamentals we expect average prices for both oil and gas this year to be significantly above 2005 record levels. As a result, we expect 2006 earnings to be above 2005 record levels.
activity crude goes happen matter oil prices six stocks until weeks white
But when oil goes up, stocks go down. Crude prices have to crash, but it won't happen until about six weeks after the election. We'll see a lot of activity no matter who's in the White House.
basically crude following sentiment side stocks
Basically the stocks are following the sentiment on the crude side more than anything else. There are no big surprises.
great lost money period traders
Basically, it was a great period for traders - some of them made a lot of money and some of them lost a lot of money.
beat double surprised
I would be very surprised if they don't beat '05 by double digits. Something would have to go dramatically wrong.
anywhere country disruption gallon gas guarantee middle supply
I guarantee $3-a- gallon gas all over the country if we have any supply disruption anywhere in the Middle East.