136 Quotes by Fadel Gheit

One million barrels is nothing, it's like a rounding error, ... One vessel could arrive tomorrow carrying one or two million barrels of crude.

A rise in oil prices is not good news for the equity market or the economy.

Occidental is paying more than double what its own stock is valuing its existing reserves,

My expectations were extremely high; we missed big time.

Investors need to think first, and not put money randomly into oil stocks,

Obviously, if they had cut production more, prices would have probably moved higher, and that would have curtailed economic growth, ... They want to make sure they will not be blamed for any economic slowdown in the second half of this year.

High oil prices will come and haunt us.

Higher oil prices stifle economic growth. There becomes a situation where manufacturers will have to charge consumers more for the increased cost of fuel. The economic recovery right now is very tentative and it can't be hit with higher oil prices.

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.