Thread: My Turn With My Source. {Friend}

Originally Posted by neno

The question that was imposed was, "What will it open at"? The Norm from him was pre-invassion by the US. which was .31 I took it as cents (USD). But he might of meant IQD. Sorry, I will try to Clarify that.

I am pretty sure he meant .31 USD

Originally Posted by neno

Security & Stabillity, will dictate "When" & "How High it will go".

I totally agree, there will be absolutely no r/v no how as long as there is no security and stability in the country regardless of what is going on with HCL, IC, IMF, WTO, FIL etc...security and stability are the big keys to this whole thing working out for all of us.

Originally Posted by neno

If I compare another country to Iraq, Do it with Saudi. he stateded it was like being one in the same for now. Now, meaning until they tap more into Iraq Ocean of Black Gold.

In speaking about the GCC unifying the currencies in 2010, this makes me anxious about Iraq Dinar, as they could fall into this also, can anyone respond to this...
Thanks, Barmurphy

Originally Posted by danny51

I am pretty sure he meant .31 USD



I totally agree, there will be absolutely no r/v no how as long as there is no security and stability in the country regardless of what is going on with HCL, IC, IMF, WTO, FIL etc...security and stability are the big keys to this whole thing working out for all of us.

I personally think that security is a big issue but look at Israel? car bombings and suicide bombings every day - so this is a probelm but not as big as we think! The security crackdown has produced remarkable results and will continue to do the same. Anyday now baby! we will be laughing our tits off!

Originally Posted by screwball

I personally think that security is a big issue but look at Israel? car bombings and suicide bombings every day - so this is a probelm but not as big as we think! The security crackdown has produced remarkable results and will continue to do the same. Anyday now baby! we will be laughing our tits off!

The situation in Israel is not even REMOTELY similar to Iraq. The security problem in Iraq is huge.

Originally Posted by danny51

The situation in Israel is not even REMOTELY similar to Iraq. The security problem in Iraq is huge.

I understand that I have been to Israel and Iraq! I know the differences! What I am saying is it will happen regardless! I can gaurantee car bombs willl be going off for several years to come! Its all about minimising impact and deaths. This they have started to do! Have you been to Kurdistan?? Then you will see why they are thriving! They take security serious and have produced tangible results.

On my way home from work, was listening to NPR on my Radio. They had some Iraqi's (in the House of Reps-I believe) that are not in favor of the Oil Law. One objected as he feels they need a new constitution first. The other was objecting to foreign oil investment. Just thought I'd pass it along.

Originally Posted by screwball

I personally think that security is a big issue but look at Israel? car bombings and suicide bombings every day - so this is a probelm but not as big as we think! The security crackdown has produced remarkable results and will continue to do the same. Anyday now baby! we will be laughing our tits off!

I agree, there is western world stability and then there is the rest of the world. Even western places have had problems big time, remember Ireland. There will bombings, kidnapping etc for yrs to come, especially in that part of the world.

Look at other countries. Columbia, Philipines, India, Spain, Great Britain, etc. The fact is terrorism, just like crime is everywhere now. The good news is that the LEVEL has to come down to an acceptable rate or risk level. And that folks WILL happen sooner than later.

The next question after the revaluation is...say it opens at .31 USD, what will most likely happen?

If a quick run to cash in sizeable amount occurs, will it stabilize or drop. What more will need to happen for it to slowly continue to rise? What will a sizeable revaluation against the US dollar do to the dollar?

wishing us all success(by choice, not accident)

harrisomi

Originally Posted by harrisomi

The next question after the revaluation is...say it opens at .31 USD, what we most likely happen?

If a quick run to cash in sizeable amount occurs, will it stabilize or drop. What more will need to happen for it to slowly continue to rise? What will a sizeable revaluation against the US dollar do to the dollar?

wishing us all success(by choice, not accident)

harrisomi

There is no way to stop the raising of the value of the dinar(IRAQ).
Right now it is being held in check until the "officials" get their fingers
deeply into the pie.When they all feel that they have gluttoned themselves
to the point of explosion,then we will get ours.Hold on to a portion for at least another year,then make the real money.....

Originally Posted by neno

I seen the post today by Adster and others about the HCL being delayed. "Dont Believe it" from what I have been told. Now I am a nobody, but my freind is very important. According to him and his info, it is done. But their is a signature they are waiting on.

Exxon, I know of thru him for sure is there now, just off the boat. These are higher-up, not drillers or pipline workers. They are not in Iraq for their Health. They are their to make it Happen. They are called in to be there.

So to me, these articles today is to wart off speculators. I am not going anywhere. I am "Speculation City" right now. That is all I have for now. When I got more that can be posted, it will be for you the Gang.

Originally Posted by Adster

The United States welcomes the law of the distribution of oil wealth, according to the proportions of the population in Iraq



MENAFN - 13/03/2007MENAFN-13 / 03 / 2007

(MENAFN) United States welcomed the commitment to the text of a draft of the new hydrocarbon law in Iraq. و

A spokesman for the State Department, that the text of the draft law, which would be forwarded to the National Assembly in Iraq includes a number of positive points.

The spokesman for the State Department that the text of the draft law is important because it provides that all revenue from the sale of oil will go into the expense of the national general. و

And will all Iraqi governorates in the federal oil and gas, which will formulate state policy in the matter of energy. The provinces will receive shares of the proceeds directly, which would increase local control of financial resources.

it is noteworthy that the Iraqi Prime Minister had announced that the Iraqi government has approved in a special meeting Monday, the new oil bill, which provides for the distribution of proceeds in accordance with the proportions of the population.



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