John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (4195)	6/28/2001 12:44:12 PM
From: Hawkmoon	Read Replies (1) of 33421

First, we think that Saudi Arabia changed its oil policy in 1997 from one that sought [price] stability at about $18 to one that actually seeks extreme volatility. It's folks like you posting articles like that which make this a must read discussion thread here on SI. I never thought of Saudi oil policy from that perspective before. I knew they possessed huge national debt issues that required higher oil prices, but never thought about how they would seek to prevent competition from infringing on their market share by crashing prices. If true, this could make for some VERY interesting trading opportunities in long term oil options contracts. Hawk

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