Fadel Gheit
Fadel Gheit
above cold demand gasoline home obviously oil people per run thinking
The demand for gasoline is very strong. And obviously now people are thinking ahead. And if we have a cold winter, we'll see a run up in home heating oil to above $2 per gallon,
attack oil spike terrorist wisdom
The conventional wisdom was that we were going to see immediately after the terrorist attack a spike of oil prices,
city companies mandatory maybe near operating preparing shut texas three
There are mandatory evacuations in the Galveston area, and most of the operating companies near Texas City are preparing to shut down completely by this Friday. They believe, at best, they will be shut down for three days, maybe as long as a week.
cars crude lack oil problem run
The problem is not lack of oil supply. It's lack of oil refining capacity, ... You can give me all the oil you want, but our cars do not run on crude oil.
recovered
We have not even recovered from Katrina, so it would be another big blow.
barrels environment exporter increase investment iraq largest million next oil production year
With the right investment environment and under the right government, Iraq could increase production by a million barrels a day every year for the next 10 years, ... It could be the largest oil exporter in the world, eclipsing Saudi Arabia.
continue higher highs lower volatility
Volatility will continue and we are going to see higher highs and lower lows.
high keeping potential prices supply
The only thing keeping prices artificially high is the potential for supply disruption, ... Fundamentally, prices should be at $20-to-$25.
weapon
The only weapon they can use is oil.
comment saying send source
What he's saying makes a lot of sense. Unfortunately, the source of the comment is going to send jitters in the market.
cake earnings prices unless
Unless (energy) prices collapse, earnings in 2006 will make 2005 look like a cake walk.
concerned delicate major people supply
We're still in a delicate balance, with people still concerned about a major supply disruption.