I found this article in the Official Gazette, the translation isn't worth a darn but, The sentence I highlighted has me scratching my head. :wacko:
Does this sound as if tomorrow we may see some kind of "GOOD NEWS" printed in the paper? Something STRANGELY sounds GOOD!! Or is this nothing?
HMMMM!
Indeed, the economic indicators in the international oil market
Hossam Alsamuk
If the citizens of the oil-producing countries expected indicators rise in oil prices in the international market to strengthen their economies and ensure that future generations auspicious for the new, it remains on the surface of the globe, peoples and governments, companies and economic institutions and research centers as well as investors and speculators and middlemen all these justifications and Esteneon catalysts and perhaps even rumors of the return of the prices of a barrel of oil to a few dollars to ensure all of them support its sector in the crucial arena where the criterion of oil Stratijiat region in the world today.
As previously exposed to that drawn several times, it competed oil-producing countries invest achievements of the oil price increases in the projects. whatever its internal or external, but guaranteed-at least - rising billion of the proceeds earned from the increases anticipated from the rise of the price of a barrel of oil to four times over a year or a little more.
And crumbled Alaoblk to face rabid campaign to reduce oil prices and Almbergaah Ptdaulat international market and the principle of supply and demand. But it was surprised by that, Having decided to reduce its products million, two hundred thousand barrels per day that prices clung on session per barrel remained its place, at a time when it just announced that it would meet to consider a possible reduction of its production. Iqbal incentive for those who gamble on the vagaries of the market to escalate their applications mood of the price of a barrel of oil to cancel any idea of reducing production.
.Impressively, the deterioration in the international market prices for oil comes in the season preparedness warehouses for the storage of strategic outlook and oil products alike, as we approach the winter season, and despite the declaration of a mere declaration-- OPEC that it may proceed with its efforts to reduce the production of another five hundred thousand barrels during the month of December next, However, some lenders and speculators are still betting on the credibility of the commitment of the OPEC states commissioned by only weeks ago Btakhqid million, two hundred thousand barrels. even some experts and the oil corporations say that they gamble, although the major institutions and research centers already expected sharp rise in the price of oil, a few months ago to more than $%.
Before this terrible reality of the international oil market and could pose repercussions on the economies of oil-producing countries, especially those that have not paid attention to what feels changes. where will stand in the column tomorrow when the effects of the repercussions of this reality on the Iraqi economy and the policies followed in dealing with our revenues have increased. :help:
AL-MADA Daily Newspaper...ΜΡνΟΙ ΗαγΟμ
Cheers!
DayDream