136 Quotes by Fadel Gheit

The more President Bush talks about releasing strategic reserves, the more we understand that weve got no more production to give.

What he's saying makes a lot of sense. Unfortunately, the source of the comment is going to send jitters in the market.

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.

Unless (energy) prices collapse, earnings in 2006 will make 2005 look like a cake walk.

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

We reiterate our buy rating, as we believe the upside potential is greater than the downside risk from sharply lower oil prices given the strong demand, tight supply and lack of spare capacity.

It's a normal pullback after a sharp rise that was driven more by speculation than fundamentals.

With the right investment environment and under the right government, Iraq could increase production by a million barrels a day every year for the next 10 years, ... It could be the largest oil exporter in the world, eclipsing Saudi Arabia.

It's like the guy who won the lottery, and now everybody hates him.