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<< Crude Futures Decline as Italy Names New Leader, China Sees ‘Soft Landing | Cameron Hanover – Daily Energy Hedger – November 14, 2011 >>

Energy Prices

November 14 2011, 08:57

FMX|Connect (Reported on 11/14/2011)

Daily Energy Hedger

The Italian parliament voted through an austerity bill on Friday, and will resign as a result. This has become a roadmap or script for governments. They will agree to finically unpopular measures and then resign to give another party of party leader the chance to distance or even repudiate steps that are apparently not welcome by the electorate. The trick, of course, is to avoid having to support steps that make one’s party unpopular. That is why the votes are taken just before the resignations. Fortunately, though, as far as this week is concerned, those votes were taken last week.

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