Exxon is a good corporate citizen but it does not work for the welfare of the country.
More Quotes from Fadel Gheit:
The conventional wisdom was that we were going to see immediately after the terrorist attack a spike of oil prices,Fadel Gheit
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.
Fadel Gheit
Alliances are temporary engagement periods and are short of a merger, but they get in the way of the business and are distracting from bigger and better things.
Fadel Gheit
They may not be just forming an alliance but instead merging where they won't have different mindsets but a single set of goals,
Fadel Gheit
Barring any serious supply disruption, there is plenty of oil and prices could drop if the weather stays warm. But we have tremendous speculation in the markets driving prices, so there is no way to guarantee they will continue to fall.
Fadel Gheit
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