Thread: ISX Signifcance

Originally Posted by MOK-

In that article weren't they refering to the "rate" as no less than 100000 BPD? In other words, a minimum production rate? Maybe I misread it. Wouldn't be first time I've done that.

That Makes Since, I just had a few calls this morning on it and trying to catch up. Everyone I know is Excited. Also, My sons work in the Oil and Gas field. I dont ever remember them saying Barrals of gas. Oil Maybe but not Gas. I see CapeK and darock have the full article in the Think Tank. I will have another read of it.

Originally Posted by neno

The text of the draft law of oil and gas rate approved

When I read that, I thought it was referring to the percentage rate that the foreign oil companies would be allowed to operate in as per the law, rather than an exchange rate.

The exhange rate would more than likely be variable anyway and doubt that we would see it set in the oil, otherwise if it was the exchange rate, the law would have to be re-edit and re-passed each time the exchange rate changed.

Therefore, it sounds more like a percentage profit rate for the oil companies to me.

Originally Posted by eosirl2

When I read that, I thought it was referring to the percentage rate that the foreign oil companies would be allowed to operate in as per the law, rather than an exchange rate.

The exhange rate would more than likely be variable anyway and doubt that we would see it set in the oil, otherwise if it was the exchange rate, the law would have to be re-edit and re-passed each time the exchange rate changed.

Therefore, it sounds more like a percentage profit rate for the oil companies to me.

I see your point. But there are MOF guildlines inplace too. I havent gotten the full scope as of yet. But from what bI have gotten from this is a pssible Pegg. I am reading and determining myself too. Thanks, you may very well be right.

Originally Posted by mewannapeg

I wish I could figure this out. How is it that Vietnam's stock-market is flourishing with the dong ? Can't Iraq be set up the same way? The only difference is that ISX is opening up to foreign traders. Will this be the key piece to RV the dinar ?

Tỷ giá bình quân liên NH
Ngày 11/7/2007

1 USD=16.132,00 VND

Vietnam is extremely self sufficient and requires very few if any imports in the area of food, fuel and goods; therefore, they keep their currency valued artificially low in order to sustain a higher level of exports by motivating other countries to import more of their goods at great prices. Think of it as the high volume low mark up approach. Vietnam can't carry on like this forever but it works for the time being. Iraq is just the opposite as they need to import almost everything and need to have good prices for their exported oil as well in order to pay for re-building their war torn country. Iraq really needs to rv in order to beat inflation and have any chance of economic success. The ISX is not the big player and will undoubtedly continue to be delayed to foreign investment until a rv is implemented.

Originally Posted by danny51

Vietnam is extremely self sufficient and requires very few if any imports in the area of food, fuel and goods; therefore, they keep their currency valued artificially low in order to sustain a higher level of exports by motivating other countries to import more of their goods at great prices. Think of it as the high volume low mark up approach. Vietnam can't carry on like this forever but it works for the time being. Iraq is just the opposite as they need to import almost everything and need to have good prices for their exported oil as well in order to pay for re-building their war torn country. Iraq really needs to rv in order to beat inflation and have any chance of economic success. The ISX is not the big player and will undoubtedly continue to be delayed to foreign investment until a rv is implemented.

Thanks for this logical information Danny. It is very helpful to people like me.

If an RV doesn't occur within the next couple of weeks, I will certainly be hoping the opening of the ISX to non-Iraqis is delayed. I'm watchin' that one closely. No RV in a couple of weeks AND the ISX being delayed to the world would be a "HUGH" sign. So, RV tommorow already!

Originally Posted by danny51

Vietnam is extremely self sufficient and requires very few if any imports in the area of food, fuel and goods; therefore, they keep their currency valued artificially low in order to sustain a higher level of exports by motivating other countries to import more of their goods at great prices. Think of it as the high volume low mark up approach. Vietnam can't carry on like this forever but it works for the time being. Iraq is just the opposite as they need to import almost everything and need to have good prices for their exported oil as well in order to pay for re-building their war torn country. Iraq really needs to rv in order to beat inflation and have any chance of economic success. The ISX is not the big player and will undoubtedly continue to be delayed to foreign investment until a rv is implemented.

Yes Thanks danny51 for the reply. Makes allot of sense.

mewannapeg

I am not trying to bust any bubbles but with Neno's post #6 where it states a gas rate does not mean a R/V but simply means a rate of gas they will flow. In other words 10 million cubic feet per day or 10mcf or what ever they set it at. After 17 Years in the oil field that is what they are talking about. As bad as I want the R/V that is not what that meansSorry if I rained on anyone's party. Bill

Originally Posted by wessgs

I am not trying to bust any bubbles but with Neno's post #6 where it states a gas rate does not mean a R/V but simply means a rate of gas they will flow. In other words 10 million cubic feet per day or 10mcf or what ever they set it at. After 17 Years in the oil field that is what they are talking about. As bad as I want the R/V that is not what that meansSorry if I rained on anyone's party. Bill

No you haven't rained on mine anyways, i thought the same thing.....was having trouble connecting that term with rv, i thought it had to do with oil/gas as well.

When people are talking oil and gas BBL means barrels or simply [1000bblpd or 1000 Barrels per day] When you talk gas it is million cubit feet or [10mcfpd] or 10 million cubit feet per day. I have people telling me all the time that the Dinar will R/V at any time and my wife and I need the money but I will only throw the party when the money is in my bank. WOOOT These are just examples. Bill