Fadel Gheit Quotes

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.

- Fadel Gheit

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Investment | Environment | Government | Iraq | Increase |

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It's cheaper for companies to buy production and reserves on Wall Street than go drill for it. It's instant gratification. - 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. - 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. - Fadel Gheit