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Letter "F" » Fadel Gheit Quotes
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«We have to remember here that almost 25 per cent of our refining capacity is concentrated within a 15 to 20 mile radius from the Houston area, so any impact could be substantial,»
Author: Fadel Gheit
«There have been serious discussions by politicians from both parties about pushing for windfall profit tax. That's what has the industry terrified.»
Author: Fadel Gheit
«The more President Bush talks about releasing strategic reserves, the more we understand that weve got no more production to give.»
Author: Fadel Gheit
«Also, the president is making speeches trying to talk oil prices down and say the situation is better, but talk won't change the underlying fundamentals. Demand is still strong, supply is still tight. So even if perception changes for a bit, the situation is no different.»
Author: Fadel Gheit
«High oil prices will come and haunt us.»
Author: Fadel Gheit
«This administration has created more profit for the industry that it has made since its inception. The oil industry will be the big winner during the (Bush years). We can count on the fact that oil prices are not going to go lower. If they move they will only go higher.»
Author: Fadel Gheit
«The speculators are going to have a field day playing with emotion and rumor.»
Author: Fadel Gheit
«We've given them enough of a scare the last few days, a preview of things to come when demand is not strong,»
Author: Fadel Gheit
«Occidental is paying more than double what its own stock is valuing its existing reserves,»
Author: Fadel Gheit
«They may not be just forming an alliance but instead merging where they won't have different mindsets but a single set of goals,»
Author: Fadel Gheit
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