Fadel Gheit

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Last quote by Fadel Gheit

It is the breakeven point which continues to decline.
Dec 12 2016 OPEC
This page is completely dedicated to what Fadel Gheit has to say. All of Fadel Gheit’s quotes are organized here by date and topic. The most recent quote attributed to Fadel Gheit came from an article called The real winners of the OPEC output deal: US shale drillers: “Shale is coming back. Shale will come back with a vengeance. Shale, in my view is a technology in its earliest stages. We are not in the seventh or eighth inning. We are probably in the third. The recovery rate in shale is still low. What we get out of this resource with today's technology is only five percent.”.
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Fadel Gheit quotes

The oil industry needs a minimum amount of investment to keep oil supply in line with demand. Even if the demand in China is not as strong as we thought ... the current investment right now would not be sufficient enough to bring additional production to meet global demand.

This time around it's real fear and I don't know if releasing 10 or 15 or 20 million barrels of strategic petroleum reserve will calm the market fears.

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