just maybe getting to the bank as fast as possible,just might be a little short sighted. i got less than 1mil dinar so ineed to make the most of it.
thanks for this new twist to consider!:bow:
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just maybe getting to the bank as fast as possible,just might be a little short sighted. i got less than 1mil dinar so ineed to make the most of it.
thanks for this new twist to consider!:bow:
Mining Companies, Oil Companies, Farmers and everyone else in the World can use Mining Reserves, Oil Reserves, Land, or any other un-developed asset as "Reserves". Since Iraq will "Book" any New Reserves found since they own the Land and the Mineral Rights to the Oil or Natural Gas, Iraq can use the Reserves as assets. Not the Oil Companies since they cannot "Book" the Reserves as their Asset... JMHO
I worked in the oil field and if oil was not money in the bank I would not have had a job for them 18 years. Yes oil in the ground is like money in the bank and in Iraq it is less costly to get it out of the ground. There is more of it and a lot less of a pain to get out of the ground. I could go on about how oil companys know it is money in the bank or they would not explore and drill for it.. JMHO:woohoo::wigged::nunu: Bill
I agee with you!! Iraq owns the Oil Property, the Oil Produced and the Mineral Rights to such oil in the ground. Iraq can "Book" the new Reserves, and not the Oil Companies. Therefore, Oil is an Appreciating Asset, can be used as a backstop for their Currency... JMHO
Remember...
"Black Gold" "Texas T" :woohoo:
DesertWolf