Politicians can flip in no time, depending on where the political wind is blowing. The company is concerned and doing the right thing by educating the public.
More Quotes from Fadel Gheit:
I would be very surprised if they don't beat '05 by double digits. Something would have to go dramatically wrong.Fadel Gheit
Also, the president is making speeches trying to talk oil prices down and say the situation is better, but talk won't change the underlying fundamentals. Demand is still strong, supply is still tight. So even if perception changes for a bit, the situation is no different.
Fadel Gheit
A lot of people were expecting that Saddam Hussein would pull a trick before year-end because he was trying to put pressure on the U. N. to lift sanctions or try to alter the position of the sanction, so he threatened two weeks ago to stop exporting oil, ... The traders panicked in anticipation of a supply shortage, but Iraq never stopped producing oil.
Fadel Gheit
Oil companies can see the winds have shifted even with Republicans in control of Congress,
Fadel Gheit
It's market perception that moves the market, and the perception is negative,
Fadel Gheit
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.
Fadel Gheit
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Leonard L. Levinson
A man lives by believing something: not by debating and arguing about many things.
Thomas Carlyle
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Henry Winkler