You put all these headlines together, you see the situation is getting charged up and getting out of control. That's why oil traders and speculators are having a field day - this is exactly the kind of environment that speculators want to operate in.
More Quotes from Fadel Gheit:
The only good news about the first quarter is that it's over,Fadel Gheit
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.
Fadel Gheit
I guarantee 3-a- gallon gas all over the country if we have any supply disruption anywhere in the Middle East.
Fadel Gheit
BP is more fat. Exxon is all muscle. Exxon stole the thunder this quarter.
Fadel Gheit
We're giving the patient the wrong medicine. The problem is not the lack of crude oil.
Fadel Gheit
The infrastructure was already strained before the hurricane. The hurricane has made a bad situation worse.
Fadel Gheit
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