136 Quotes by Fadel Gheit

The hurricane might not have to damage refineries to keep them off line.

Given the current market fundamentals we expect average prices for both oil and gas this year to be significantly above 2005 record levels. As a result, we expect 2006 earnings to be above 2005 record levels.

The hurricane impact significantly exceeded everybody's highest estimate. Being in the Gulf of Mexico and being in the path of the hurricanes, there's nothing you can do about that.

We've given them enough of a scare the last few days, a preview of things to come when demand is not strong,

All they want to do is maintain the same speed.

All these things are beginning to show up. When you have rising energy prices, something has to give. It's not going to go unmatched by costs.

The only thing keeping prices artificially high is the potential for supply disruption, ... Fundamentally, prices should be at $20-to-$25.

The drop in prices correlates with unusually high temperatures in the Northeast.

I would say we'll probably see $70 (a barrel) again before we see $50 or $55 even. When the dust settles, we'll see that while Rita did not match Katrina in terms of impact, it significantly exceeded what's been reported.