Fadel Gheit
Fadel Gheit
companies expect handle ill instant oil prepared prices profits took winning
The surge in oil prices took companies by surprise. They didn't expect the windfall profits and were ill prepared to handle the instant wealth. It's like winning the lottery.
dependence economic hit inflation less oil
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.
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.
cold prices rise
If we don't have a particularly cold winter, we won't see prices rise dramatically.
arrive barrels carrying million tomorrow vessel
One million barrels is nothing, it's like a rounding error, ... One vessel could arrive tomorrow carrying one or two million barrels of crude.
double existing paying stock valuing
Occidental is paying more than double what its own stock is valuing its existing reserves,
extremely missed
My expectations were extremely high; we missed big time.
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.
cannot changes hard line
Because of the changes around the world, you cannot take a very hard line and unwavering view.
bark friday home thinking
Basically, before the hurricane, they went home Friday thinking this thing is going to fizzle out, it's going to bark but it's not going to bite,
continue driving drop guarantee markets oil plenty prices serious stays supply tremendous weather
Barring any serious supply disruption, there is plenty of oil and prices could drop if the weather stays warm. But we have tremendous speculation in the markets driving prices, so there is no way to guarantee they will continue to fall.
coast oil squeeze
Right now it's a squeeze play for oil industry, ... But if they can get by from here to February, I think the coast is clear.