136 Quotes by Fadel Gheit

There are mandatory evacuations in the Galveston area, and most of the operating companies near Texas City are preparing to shut down completely by this Friday. They believe, at best, they will be shut down for three days, maybe as long as a week.

The warm weather in the U.S. may be cutting demand for oil by 1 million barrels per day.

We're giving the patient the wrong medicine. The problem is not the lack of crude oil.

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.

Losing the Saudi oil would immediately shock the U.S. economy to the worst level in decades,

The U.S. and global economies are like the walking wounded, ... It's not a matter of whether they will fall, but of when.

Lee Raymond really set the standard for other CEOs in the industry. Everybody else copied Lee Raymond, but you can't duplicate what he's done.

These two companies are rearranging the seats around the table of the biggest game in town. They are prepared for $12 oil; they are looking beyond that,

A rise in oil prices stifles economic growth, ... There is a close correlation between gasoline prices and retail sales. Paying more per week for gas means less disposable income, which impacts retail and the purchasing power of the consumer, as does a higher average home heating bill due to the cost of fuel oil.