Re: [Marxism] PEMEX looks to lock in current oil prices

["S. Artesian" <sartesian@xxxxxxxxxxxxx>]

That's all very enlightening, JB, but your central contention was the 
activity by Pemex (or anybody else for that matter in the futures market), 
selling forward contracts to lock in high prices could not possibly indicate 
or evolve into a market "topping."

And of course it can, and it has done so in the past.


----- Original Message ----- 
From: "Joaquin Bustelo" <jbustelo@xxxxxxxxx>
To: <sartesian@xxxxxxxxxxxxx>
Sent: Friday, July 25, 2008 10:26 PM
Subject: Re: [Marxism] PEMEX looks to lock in current oil prices



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