Right now it's a squeeze play for oil industry, ... But if they can get by from here to February, I think the coast is clear.
More Quotes from Fadel Gheit:
It's market perception that moves the market, and the perception is negative,Fadel Gheit
The problem is not lack of oil supply. It's lack of oil refining capacity, ... You can give me all the oil you want, but our cars do not run on crude oil.
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
This is evidence that we really don't have to worry about shortages.
Fadel Gheit
We're giving the patient the wrong medicine. The problem is not the lack of crude oil.
Fadel Gheit
Everybody is trying to secure their own resources instead of being dependent on somebody else. All these government-owned companies or government agencies are emerging from the bureaucracy and the state's shadow.
Fadel Gheit
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