Fadel Gheit Crude Quotations

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.

We're giving the patient the wrong medicine. The problem is not the lack of crude oil.

We might see some reflection on crude prices as well as gasoline prices going forward, but not by much. I hope that people do not have high hopes for much lower crude prices or gasoline prices, because that is not in the cards.

But when oil goes up, stocks go down. Crude prices have to crash, but it won't happen until about six weeks after the election. We'll see a lot of activity no matter who's in the White House.

Basically the stocks are following the sentiment on the crude side more than anything else. There are no big surprises.