Oil companies can see the winds have shifted even with Republicans in control of Congress,
More Quotes from Fadel Gheit:
It's a normal pullback after a sharp rise that was driven more by speculation than fundamentals.Fadel Gheit
The companies will have to work hard to earn their performance. They are not going to get a free ride on the back of rising oil and gas prices, which are likely to be flat. What will excite investors are those companies that are able to grow production, add reserves, control costs, raise dividends or buy back stock.
Fadel Gheit
This is an industry in crisis. Every oil company will reduce their production forecast as lower spending will immediately be followed by lower production and lower reserve replacement.
Fadel Gheit
The hurricane impact significantly exceeded everybody's highest estimate. Being in the Gulf of Mexico and being in the path of the hurricanes, there's nothing you can do about that.
Fadel Gheit
One million barrels is nothing, it's like a rounding error, ... One vessel could arrive tomorrow carrying one or two million barrels of crude.
Fadel Gheit
We are only scratching the surface. In my view, this company is hitting on all cylinders.
Fadel Gheit
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I wish we didn't have to own up to a policy deliberately designed to inflict suffering on people who have already been traumatised in the countries from which they've fled.
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