Fadel Gheit
Fadel Gheit
barrels environment exporter increase investment iraq largest million next oil production year
With the right investment environment and under the right government, Iraq could increase production by a million barrels a day every year for the next 10 years, ... It could be the largest oil exporter in the world, eclipsing Saudi Arabia.
attack oil spike terrorist wisdom
The conventional wisdom was that we were going to see immediately after the terrorist attack a spike of oil prices,
continue higher highs lower volatility
Volatility will continue and we are going to see higher highs and lower lows.
company hitting
We are only scratching the surface. In my view, this company is hitting on all cylinders.
insulated rest
We are not insulated from the rest of the world, like it or not.
driving everybody gas people prices rise south talked
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.
driving everybody gas people prices rise south talked
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.
above cold demand gasoline home obviously oil people per run thinking
The demand for gasoline is very strong. And obviously now people are thinking ahead. And if we have a cold winter, we'll see a run up in home heating oil to above $2 per gallon,
alter expecting exporting hussein iraq lift panicked people position pressure producing pull saddam sanctions stop stopped supply threatened traders trick trying weeks
A lot of people were expecting that Saddam Hussein would pull a trick before year-end because he was trying to put pressure on the U.N. to lift sanctions or try to alter the position of the sanction, so he threatened two weeks ago to stop exporting oil, ... The traders panicked in anticipation of a supply shortage, but Iraq never stopped producing oil.
change changes demand oil perception president prices situation speeches supply talk trying underlying
Also, the president is making speeches trying to talk oil prices down and say the situation is better, but talk won't change the underlying fundamentals. Demand is still strong, supply is still tight. So even if perception changes for a bit, the situation is no different.
alliance forming instead single
They may not be just forming an alliance but instead merging where they won't have different mindsets but a single set of goals,
good stay
They're on the right track, they're doing a good job, stay tuned. As long as we have $60-plus oil, I think they're all going to do well.
bush president production releasing strategic talks understand
The more President Bush talks about releasing strategic reserves, the more we understand that weve got no more production to give.
continue market oil prices remain stocks
As long as oil prices remain high, oil stocks will continue to outperform the market in general.