Quotations
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Fadel Gheit Quotes
«It's a normal pullback after a sharp rise that was driven more by speculation than fundamentals.»
Author: Fadel Gheit
«Volatility will continue and we are going to see higher highs and lower lows.»
Author: Fadel Gheit
«They were hitting on all cylinders. ... It's good news for Exxon shareholders and likely to continue in '06.»
Author: Fadel Gheit
«I would be very surprised if they don't beat '05 by double digits. Something would have to go dramatically wrong.»
Author: Fadel Gheit
«These stocks are not reflecting $50 or $60 oil. They are probably reflecting $40 oil. But this is not realistic. The fundamentals support a higher price.»
Author: Fadel Gheit
«Part of the reason (companies are having trouble adding real reserves) is that there has not been an elephant discovery -- one over a billion barrels -- for 15 years.»
Author: Fadel Gheit
«All they want to do is maintain the same speed.»
Author: Fadel Gheit
«Everybody is trying to secure their own resources instead of being dependent on somebody else. All these government-owned companies or government agencies are emerging from the bureaucracy and the state's shadow.»
Author: Fadel Gheit
«Because of the changes around the world, you cannot take a very hard line and unwavering view.»
Author: Fadel Gheit
«The surge in oil prices took companies by surprise. They didn't expect the windfall profits and were ill prepared to handle the instant wealth. It's like winning the lottery.»
Author: Fadel Gheit