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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: Shell R. Poust who wrote (9238)12/7/1998 8:15:00 AM
From: Herm  Read Replies (1) of 14162
 
I don't think so Shell. Argentina just elected a new president and he
may not go along with OPEC oil reductions for fear his country's union
block will attack him for not making good on pre-election promises.
Unlike the United States, a broken campaign promise in South America
may very well put you in a pine box. It is quite possible that the US
may need to buy cheap oil from them to keep things stable, get some
political points with the new government, and keep the middle east in
check. That will come at the expense of our oil industries. People are
not going to cry because the oils wells are not pumping here and the
US economy is moving ahead.
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