Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Lucretius who wrote (14363)	3/10/1998 5:50:00 PM
From: 007	Read Replies (2) of 95453

Lucretius, I agree that it's a given that there will eventually be problems in the Middle East that cause oil to spike. The powers that be can react to problems, but they are far less effective at preventing these problems from developing. In fact, US Middle East policies that lead to short-term oil security could even be central to the crises that develop later on. Why do you not like these derivatives? Have you looked into them? Are they priced too high in that they have adequately discounted political uncertainties over the long-term? Thanks, James PS I do not trade in options for I am not a high-risk type (nor does selling calls or even buying puts appeal to me), but the idea of tucking away some long-term options at a time when oil is low is very interesting.

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