Fadel Gheit
Fadel Gheit
ceos copied duplicate everybody lee raymond standard
Lee Raymond really set the standard for other CEOs in the industry. Everybody else copied Lee Raymond, but you can't duplicate what he's done.
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.
crude giving lack patient problem wrong
We're giving the patient the wrong medicine. The problem is not the lack of crude oil.
advantage barrel cake eat high holding marginal producer producing wants
Every producer around the world is producing the marginal barrel to take advantage of high prices. Right now, OPEC is not holding back. But OPEC wants to have its cake and eat it, too.
jobs lose people
At the end of the day, people who lose their jobs aren't going to go anywhere.
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.
crude gasoline high hope hopes lower might people prices reflection
We might see some reflection on crude prices as well as gasoline prices going forward, but not by much. I hope that people do not have high hopes for much lower crude prices or gasoline prices, because that is not in the cards.
created empty foot higher iraq measures moving necessary panic plenty prepared prices reading situation stops threats
We created a panic situation by reading too much into the empty threats, and when these threats started moving prices higher in anticipation, then the U.S. put its foot down and said even if Iraq stops world export, we are prepared to take all the necessary measures to make sure there is plenty of supply.
bring oil prices suddenly weaker
We could suddenly have oversupply and weaker demand, and that will probably bring oil prices down on their own,