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To: long-gone who wrote (59808)	10/14/2000 11:24:32 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 116762

thank you very much for your reponse... trading range could be profitable as well....and lately.... there is a range worth taking a look at for such a purpose.... regards... J

To: long-gone who wrote (59808)	10/14/2000 11:46:53 PM
From: Ahda	Read Replies (1) \| Respond to of 116762

Nice raises for these people and oil is going to decrease in price right? Union leader: Chavez's government reaches pact to end Venezuela oil strike 9.10 p.m. ET (0210 GMT) October 14, 2000 CARACAS, Venezuela — Striking Venezuelan oil workers claimed victory Saturday and called off a four-day walkout that had paralyzed the nation's vital oil industry and posed the biggest labor challenge to date for President Hugo Chavez. Carlos Ortega, president of the Fedepetrol workers union, said union leaders would shortly sign a new labor agreement with the state oil monopoly Petroleos de Venezuela, or PDVSA, one of the largest suppliers of crude to the United States. The contract raises workers' base daily pay by $7.25 -- they had demanded $9 -- with another $1.45 per day raise in February, increased pensions and bonus pay, Ortega said. The government had earlier offered a $5 raise per day. Oil workers' minimum wage was about $14 a day. Ortega praised his workers' "courage'' during the strike and, citing the strike's threat to Venezuela's oil-dependent economy, said the pact was in the interests "not only of the country but of the oil workers. This was a lamentable and sad situation.'' At least 80 percent of Venezuela's 40,000 oil workers went on strike Wednesday to protest PDVSA's refusal to meet salary demands. Workers had been without a contract since November. Chavez had warned Friday he wouldn't bargain with union leaders he called "corrupt bandits.'' But he took a more conciliatory tone before Ortega's announcement late Saturday. "Oil workers have their rights and you have to recognize that, but the country has its obligations as well,'' Chavez said. "Mr. President, if you think we are corrupt and have been traitors to the workers, then go to the courts and sue us,'' Ortega responded. "The strike is going to continue until our demands are met.'' Motorists lined up at pumps and waited for hours to fill their tanks in western Zulia state, where strikers blocked the entrance to several gasoline distribution centers. But in a press release, PDVSA said that gasoline distribution remained normal "in most regions of the country.'' There were no reported clashes between strikers and National Guard troops called in to protect oil installations from possible sabotage attempts. On Friday, Venezuela's largest federation of public sector workers, with 1 million members, had said it would lead a nationwide strike next week to support the oil workers. PDVSA had insisted the workers' proposal would cost it an unacceptable $2.9 billion over two years.