(158 quotes found)
“This rally is the perfect storm. It's surreal, it's like watching a movie.”
Fadel Gheit
“And there is no near-term solution for any of these things.”
“Oil companies can see the winds have shifted even with Republicans in control of Congress,”
“Right now it's a squeeze play for oil industry, ... But if they can get by from here to February, I think the coast is clear.”
“It's like the guy who won the lottery, and now everybody hates him.”
“The volume of lost production will be significantly greater than that lost under Ivan. Not one company that was affected has been able to restore its production 100 percent.”
“I would say we'll probably see $70 (a barrel) again before we see $50 or $55 even. When the dust settles, we'll see that while Rita did not match Katrina in terms of impact, it significantly exceeded what's been reported.”
“This is an industry in crisis. Every oil company will reduce their production forecast as lower spending will immediately be followed by lower production and lower reserve replacement.”
“We're already seeing some companies yielding to pressure. But everybody is waiting for the big lady to sing, which is Exxon.”
“Oil companies can see the winds have shifted even with Republicans in control of Congress. The White House is reeling. All of a sudden the industry does not have the strong backing it had six months ago.”
