Fadel Gheit
Fadel Gheit
highest invasion iraqi kuwait level mark oil outside
Oil prices, ... are probably going to go over $26, which will mark the highest level outside the Iraqi invasion of Kuwait in 1990.
continues demand economy global relatively remains seems supply
Demand continues to be relatively strong. Supply remains tight. And the global economy seems to be doing OK. As they say, no harm, no foul.
advice almost bad breakup deal either good handled pay pocket poor strategy threw
CNOOC handled it very badly, with poor strategy and poor decision-making. They had the deal almost in their back pocket but they threw it away, insisting Unocal pay Chevron the breakup fee. Either they got bad advice or they didn't take good advice.
continue good hitting likely news
They were hitting on all cylinders. ... It's good news for Exxon shareholders and likely to continue in '06.
iran prices resolved unless until
Until and unless the stalemate with Iran is resolved one way or the other, I think we're going to see prices higher.
currency deal extremely good stock
I think Exxon would probably have to sweeten the deal with some cash, but Exxon stock is an extremely good currency for Mobil shareholders to hold.
call cannot causing easing extend market period slowly soft supply wants
OPEC really cannot extend this period much longer. OPEC wants to do what I call a soft landing, by easing supply back into the market slowly and not causing any shocks.
call cannot causing easing extend market period slowly soft supply wants
OPEC really cannot extend this period much longer, ... OPEC wants to do what I call a soft landing, by easing supply back into the market slowly and not causing any shocks.
again dust exceeded katrina match rita terms
I would say we'll probably see $70 (a barrel) again before we see $50 or $55 even. When the dust settles, we'll see that while Rita did not match Katrina in terms of impact, it significantly exceeded what's been reported.
hope longer prices stay trouble
It could be a month, it could be a year, but I hope it's not longer. The longer prices stay high, the more trouble there will be.
bring cents gasoline prices three within
I will say it will bring gasoline prices down substantially within two to three weeks. I would say by 20 cents at least or even more.
across board clear high margins obviously third
Refining margins across the board obviously cooled off from their all-time high in the third quarter, and obviously that was very clear and expected.
adding barrels billion discovery elephant reason trouble
Part of the reason (companies are having trouble adding real reserves) is that there has not been an elephant discovery -- one over a billion barrels -- for 15 years.
high keeping potential prices supply
The only thing keeping prices artificially high is the potential for supply disruption, ... Fundamentally, prices should be at $20-to-$25.