159 ordspråk av Fadel Gheit

Fadel Gheit

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 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.

 have to be very focused here.

 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.

 I do believe we are in an oil price bubble. It will eventually burst. The question is not if but when.

 I guarantee $3-a- gallon gas all over the country if we have any supply disruption anywhere in the Middle East.

 I think Exxon would probably have to sweeten the deal with some cash, but Exxon stock is an extremely good currency for Mobil shareholders to hold.

 I think OPEC is showing tremendous strength in keeping oil prices firm, but they cannot push it much further, ... If they do, they will have to contend with things that they do not want in the long run, like possible economic troubles.

 I think OPEC is showing tremendous strength in keeping oil prices firm, but they cannot push it much further. If they do, they will have to contend with things that they do not want in the long run, like possible economic troubles.

 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.

 I will say it will bring gasoline prices down substantially within two to three weeks. I would say by 20 cents at least or even more.

 I would be very surprised if they don't beat '05 by double digits. Something would have to go dramatically wrong.

 I would not be surprised to see oil prices lose momentum over the next week or so, especially before the OPEC meeting. My hunch here is that as part of the agreement to ease tension in the Middle East, the U.S. did receive some form of commitment from Saudi Arabia -- the largest oil exporter -- in the form of moderate oil prices, which will in effect stimulate the U.S. economy. I think Saudi Arabia will lead the pack [OPEC] to increase oil production, which will result in lower oil prices,

 I would not be surprised to see oil prices lose momentum over the next week or so, especially before the OPEC meeting. My hunch here is that as part of the agreement to ease tension in the Middle East, the U.S. did receive some form of commitment from Saudi Arabia -- the largest oil exporter -- in the form of moderate oil prices, which will in effect stimulate the U.S. economy. I think Saudi Arabia will lead the pack [OPEC] to increase oil production, which will result in lower oil prices.

 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.


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