Fadel Gheit Quotes (72 Quotes)

The volume of lost production will be significantly greater than that lost under Ivan. Not one company that was affected has been able to restore its production 100 percent.

BP is more fat. Exxon is all muscle. Exxon stole the thunder this quarter.

We're already seeing some companies yielding to pressure. But everybody is waiting for the big lady to sing, which is Exxon.

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.

It's market perception that moves the market, and the perception is negative,

I truly believe that oil prices have been artificially low for so long that we're now beginning to pay the real price, ... But if gasoline hits 6 per gallon, I guarantee you'll car pool with your next door neighbor, even if he smells.

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.

I think Exxon would probably have to sweeten the deal with some cash, but Exxon stock is an extremely good currency for Mobil shareholders to hold.

It was like a very long dream, and we're finally waking up. Gasoline by any measure is still very, very inexpensive compared to anywhere.

The only good news about the first quarter is that it's over,

Barring any serious supply disruption, there is plenty of oil and prices could drop if the weather stays warm. But we have tremendous speculation in the markets driving prices, so there is no way to guarantee they will continue to fall.

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.

There's hope that an increase in demand will bring down what is perceived to be current high level of inventory, ... But that has not happened. We haven't seen significant declines in inventory levels around the world. That has influenced OPEC's decision.

We are only scratching the surface. In my view, this company is hitting on all cylinders.

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.

Exxon is a good corporate citizen but it does not work for the welfare of the country.

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.

The U.S. uses 20 million barrels of oil a day. Prices are currently inflated by about 15 a barrel, and that additional cost is effectively a 300 million dollar-a-day tax on Americans, eating away at disposable income for people in this country,

Refining margins across the board obviously cooled off from their all-time high in the third quarter, and obviously that was very clear and expected.

They may not be just forming an alliance but instead merging where they won't have different mindsets but a single set of goals,

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.

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.