Fadel Gheit Quotes on People (4 Quotes)

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,

When gas prices rise then discretionary driving is curtailed, ... People will think twice. I was just down south and everybody I talked to was carpooling.

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.

This global tension, led by the stalemate between Iran and the U. S., could lead to oil prices about 80. People are really afraid that something is going to happen, and soon.