Fadel Gheit is a Managing Director and senior analyst covering the oil and gas sector. He spent six years with Mobil Oil and five years with Stone & Webster. He has been an energy analyst since 1986 with Mabon Nugent and JP Morgan and has been with Oppenheimer & Co. Inc. since 1994. He has been named to The Wall Street Journal All-Star Annual Analyst Survey four times and was the top-ranked energy analyst on the Bloomberg Annual Analyst survey for four years. He is one of the most quoted analysts on energy issues and has testified before the U.S. Senate and the U.S. House of Representatives about oil price speculation, and is a frequent guest on TV and radio business programs. Fadel holds a B.S. in chemical engineering from Cairo University and M.B.A. in Finance from New York University.
"Oil prices are inflated, they are not supported by market fundamentals, but geopolitics keeps oil prices artificially high, and unfortunately that’s not likely to change anytime soon... $45 to $55 is a 'fair price' for oil, and $60 isn’t justifiable."
28 September 2009 [1]
"Fundamentally oil prices should be at $50."
16 September 2009 [2]
"There is no question in my mind that oil prices are inflated, the question is by how much, $10, $15, $20? ...the current price does not reflect the market fundamentals right now."
27 July 2009 [3]
"You can't have the speculators controlling the market... they should be some government regulation."
27 July 2009 [4]
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References:
- Crude Oil Rises as Equities Climb, Iran Test-Fires Missiles
- Oppenheimer's Gheit Sees No Justification for $70 Oil: Video
- Oil Rises to 3-Week High, Gasoline Surges, as Equities Rebound
- Gheit Says Oil Prices `Inflated,' Calls for Regulation: Video
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