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.
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.
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.
concerned delicate major people supply
We're still in a delicate balance, with people still concerned about a major supply disruption.
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.
movies perfect rally watching
This rally is the perfect storm. It's surreal, it's like watching a movie.
weapon
The only weapon they can use is oil.
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.
cannot contend economic keeping oil possible prices push showing strength tremendous
I think OPEC is showing tremendous strength in keeping oil prices firm, but they cannot push it much further, ... If they do, they will have to contend with things that they do not want in the long run, like possible economic troubles.
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.
energy few maybe names services
maybe sprinkle a few names from refining, marketing, some independent stocks, and energy services stocks.
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.