136 Quotes by Fadel Gheit

We're still in a delicate balance, with people still concerned about a major supply disruption.

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.

The only weapon they can use is oil.

The biggest disaster was the lack of information: The refineries - are they up or down? What happened to the platforms?

This rally is the perfect storm. It's surreal, it's like watching a movie.

It's cheaper for companies to buy production and reserves on Wall Street than go drill for it. It's instant gratification.

The only option for these companies is to merge and seek yet more job cuts and savings.

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,