Hugo Chavez is in the wicker basket, riding the oil bubble and...

Hugo Chavez is in the wicker basket, riding the oil bubble and enjoying the view. So are the Ruskies re exerting their subtle influence on the Baku oil pipeline through Georgia. Hugo says OPEC should reduce supply - but then he means other states as his production is declining on a combination of neglect,bad management,kicking out the majors and natural depletion. Hugo likes to give the impression he could increase his supply if he decided, but better put a positive spin on his countries decreasing exports.

And in Aust$ terms, what diff is a 10% fall in US$POO if our Aust$ has fallen from US$0.95 to 0.86?

Think long and hard before booking the jumping castle.