Quotations
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Fadel Gheit Quotes
«The conventional wisdom was that we were going to see immediately after the terrorist attack a spike of oil prices,»
Author: Fadel Gheit
«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.»
Author: Fadel Gheit
«A rise in oil prices is not good news for the equity market or the economy.»
Author: Fadel Gheit
«We're not likely to see oil prices going lower until there's resolution on the Iraqi front,»
Author: Fadel Gheit
«The only thing keeping prices artificially high is the potential for supply disruption, ... Fundamentally, prices should be at $20-to-$25.»
Author: Fadel Gheit
«Losing the Saudi oil would immediately shock the U.S. economy to the worst level in decades,»
Author: Fadel Gheit
«It could be a month, it could be a year, but I hope it's not longer. The longer prices stay high, the more trouble there will be.»
Author: Fadel Gheit
«At the end of the day, people who lose their jobs aren't going to go anywhere.»
Author: Fadel Gheit
«The U.S. and global economies are like the walking wounded, ... It's not a matter of whether they will fall, but of when.»
Author: Fadel Gheit
«The U.S. uses 20 million barrels of oil a day. Prices are currently inflated by about $15 a barrel, and that additional cost is effectively a $300 million dollar-a-day tax on Americans, eating away at disposable income for people in this country,»
Author: Fadel Gheit