Fadel Gheit
Fadel Gheit
haunt high oil prices
High oil prices will come and haunt us.
becomes charge consumers cost economic higher hit increased oil prices recovery situation stifle
Higher oil prices stifle economic growth. There becomes a situation where manufacturers will have to charge consumers more for the increased cost of fuel. The economic recovery right now is very tentative and it can't be hit with higher oil prices.
data degrees expectation high increase inventory less parts reflect rising weekly
Because the temperatures are rising as high as 60 degrees in (some parts of the region), the expectation is that weekly inventory data will show an increase to reflect less consumption.
investors money oil randomly
Investors need to think first, and not put money randomly into oil stocks,
both industry parties profit pushing serious
There have been serious discussions by politicians from both parties about pushing for windfall profit tax. That's what has the industry terrified.
iraqi likely lower oil prices resolution until
We're not likely to see oil prices going lower until there's resolution on the Iraqi front,
huge printing second
We think they're going to do a huge, huge second quarter. They're printing money, basically.
demand entering huge levels lowest period sitting year
We are entering the lowest demand period of the year sitting on huge levels of inventories.
core holding investors risk seeking superior
Exxon Mobil should be a core holding for long-term investors seeking superior risk-adjusted return.
citizen corporate good welfare work
Exxon is a good corporate citizen but it does not work for the welfare of the country.
adequate ensure hard oil political protect unlike war
But oil is unlike all other commodities, ... It is a political commodity. We will go to war to protect it, to ensure adequate supply, which makes it very, very hard to predict.
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.
continue higher highs lower volatility
Volatility will continue and we are going to see higher highs and lower lows.