Chavez Backs Off Threat –

Chavez has changed his mind for the time being.  He has now determined that his nation will not cut off oil supplies to the America.  I imagine someone informed him that the refineries that can handle his sour crude are located here.  Maybe he decided to buy puts and make the announcement later.  All that is certain is that Chavez is off the wall.

To view a recent article click here:

http://money.cnn.com/2008/02/17/news/international/venezuela.ap/index.htm?postversion=2008021717

 

James Sutliff

This entry was posted in Oil, Options & Futures, Political News. Bookmark the permalink.