Fadel Gheit
Fadel Gheit
everybody guy hates won
It's like the guy who won the lottery, and now everybody hates him.
barrels cutting demand million oil per warm weather
The warm weather in the U.S. may be cutting demand for oil by 1 million barrels per day.
affected company greater lost production restore volume
The volume of lost production will be significantly greater than that lost under Ivan. Not one company that was affected has been able to restore its production 100 percent.
economies global matter walking whether
The U.S. and global economies are like the walking wounded, ... It's not a matter of whether they will fall, but of when.
buy cheaper companies drill instant production reserves street wall
It's cheaper for companies to buy production and reserves on Wall Street than go drill for it. It's instant gratification.
beginning believe car door gasoline guarantee hits low next oil pay per pool prices truly
I truly believe that oil prices have been artificially low for so long that we're now beginning to pay the real price, ... But if gasoline hits $6 per gallon, I guarantee you'll car pool with your next door neighbor, even if he smells.
weapon
The only weapon they can use is oil.
movies perfect rally watching
This rally is the perfect storm. It's surreal, it's like watching a movie.
companies cuts job merge option seek
The only option for these companies is to merge and seek yet more job cuts and savings.
good news quarter
The only good news about the first quarter is that it's over,
comment saying send source
What he's saying makes a lot of sense. Unfortunately, the source of the comment is going to send jitters in the market.
cake earnings prices unless
Unless (energy) prices collapse, earnings in 2006 will make 2005 look like a cake walk.
believe buy downside given greater lack lower oil potential prices risk spare strong supply tight upside
We reiterate our buy rating, as we believe the upside potential is greater than the downside risk from sharply lower oil prices given the strong demand, tight supply and lack of spare capacity.
concerned delicate major people supply
We're still in a delicate balance, with people still concerned about a major supply disruption.