My expectations were extremely high we missed big time.
More Quotes from Fadel Gheit:
Unless (energy) prices collapse, earnings in 2006 will make 2005 look like a cake walk.Fadel Gheit
The surge in oil prices took companies by surprise. They didn't expect the windfall profits and were ill prepared to handle the instant wealth. It's like winning the lottery.
Fadel Gheit
All these alternative energy sources are unlikely to make a dent in the big picture. It's going to be many, many years into the future before we see any meaningful results. I don't think any real analysts or investors are betting the ranch on hydrogen.
Fadel Gheit
This administration has created more profit for the industry that it has made since its inception. The oil industry will be the big winner during the (Bush years). We can count on the fact that oil prices are not going to go lower. If they move they will only go higher.
Fadel Gheit
Oil companies can see the winds have shifted even with Republicans in control of Congress,
Fadel Gheit
The demand for gasoline is very strong. And obviously now people are thinking ahead. And if we have a cold winter, we'll see a run up in home heating oil to above 2 per gallon,
Fadel Gheit
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