Popular Post Adam Montana Posted September 27, 2017 Popular Post Report Share Posted September 27, 2017 Happy Wednesday all! Since I went so deep into my thoughts on the Kurdish referendum last week, I won’t spend much time on the finer details of that subject. If you missed my chat last week, it will be helpful to read that first: They did hold their “vote” on Monday, but the result of the actual vote isn’t what I’m focusing on right now. What I AM looking at is the aftermath. Turkey is leaning HARD on the KRG after the referendum. 85% of Kurdish oil exports leave via Turkey, and Turkish President Recep Tayyip Erdrogan stated point blank that they will close that border if that’s what it takes to get the KRG back in line. This is some serious strong arming! OIL is at a high right now. We’ve all been waiting for the price to go up, and the $60 mark is in sight! Kurdish Regional President Barzani issued a statement regarding the vote, which apparently revealed exactly what we thought would happen - the people voted for Independence. But are they really going to be able to achieve that, with Article 140 still unresolved? The only way to move forward with an actual secession would be to relinquish any claims they have on the disputed territories, and there’s no way that will happen. This is not rocket surgery, my friends! I’ll tell you why I like how this is playing out. They know they are stuck between a rock and a hard place right now with Turkey. Add to that the proposed extension by OPEC, Iraq’s general exemption from said OPEC agreement, the price of oil rising, and everything else on the table… you know, I look outside right now and I see leaves falling alongside the temperature. It makes me think of warm foods like soup and chili… and looking at the situation in Iraq, it looks to me like a recipe for “HCL soup”! Serve it up, I say! The table is set, and we’re hungry. GO HCL, GO RV! The weekly Q's: Quote Spider Can somebody tell GOI its time to vote and implementation for HCL and oil company law before too late......? I'll send a fax over right now Quote gross0612 I assume the current revenue from HC sales is not amassing but being spent and/or stolen - this would inhibit implementation of HCL and/or make it impossible - what are the forces and budget adjustments that will make this doable? I'm not sure what you're asking here... but if it's a question based on an assumption with nothing to back it up, then it's just speculation, and I can't really give you an answer. Quote magawatt Not real sure about the numbers, but I think I've seen that the Kurd province produces 12 percent of all Iraqi oil and represent 17 percent of the Iraqi population.Wouldn't be better for Iraq (and us) if the Kurds cecede? I didn't check your numbers, but I'll address the question anyway. If the Kurdish region went Independent, Baghdad (Iraq) would lose their northern border with friendly Turkey and gain a new border with less agreeable tenants (the KRG)... so no, I don't think that is something they want. They also have to address Article140, which neither side wants to cave on. And even if it is "just 12%" of their production/revenue... That is a pretty significant number. So overall, I don't think Baghdad will want to let this happen. Would it be better for us? I don't think it would further the HCL agenda, it might even hurt it. The Kurds would create their own new currency, and we'd still have IQD with less chance of an RV. So in my opinion, nope. Not good for us if they secede. Quote fancy Ok so they say there are no dumb questions.....can GOI pass laws without the Kurds? Say like the HCL? Big fan of you Adam! Thank you for taking care of us! That's a complex question, but the summary is this: Yes. Quote TexasMike1958 For something that was not supposed to happen, it went forward full speed ahead. The question is....now what??? For something that was in the strike zone nearly 7 months ago, what zone is the HCL in now?? After this referendum, I suspect it might be the twilight zone. Actually, I think this is a good thing! The referendum is meaningless - sure, they voted. If I put a poll on dinarvets.com and we all vote "RV tomorrow", that doesn't mean it's going to happen! All this does is put pressure on everyone to come together. As far as a "strike zone", there have been plenty and there will continue to be more. When they decide to act on it, we win a bowl of RV soup. Talk to you all soon! Let's keep an eye out for progress on this... I'm looking forward to it! - Adam 3 28 Quote Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted September 27, 2017 Report Share Posted September 27, 2017 thank all who are here and make this site a wonderful thing! 2 8 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted September 27, 2017 Report Share Posted September 27, 2017 1 4 Quote Link to comment Share on other sites More sharing options...
boosterbglee Posted September 27, 2017 Report Share Posted September 27, 2017 Thanks Adam and Sno....people like you make this place special! 7 Quote Link to comment Share on other sites More sharing options...
skeetdog Posted September 27, 2017 Report Share Posted September 27, 2017 Thanks Buzzy...I'm use to soup...What I'm looking for is a T-Bone with all the trimmin's.... 1 7 Quote Link to comment Share on other sites More sharing options...
DWitte Posted September 27, 2017 Report Share Posted September 27, 2017 I don't want RV soup. I don't know what might be in it. I don't put things in my mouth unless I know what it is. Therefore, I would like to see an RV cash, in which I know exactly what to do with it. Invest to make more and spend like crazy to help the world economy. The world needs help and I'm here to assist. Animal Out. 12 Quote Link to comment Share on other sites More sharing options...
nannab Posted September 27, 2017 Report Share Posted September 27, 2017 Thanks Adam Hopefully the rv soup is served s__n ! The people of Kurdistan have to have caught on by now that their leaders are slime ! 14 minutes ago, boosterbglee said: Thanks Adam and Sno....people like you make this place special! And you also boosterbglee just a lot of good people here. Have a great day everyone ! 5 Quote Link to comment Share on other sites More sharing options...
fancy Posted September 27, 2017 Report Share Posted September 27, 2017 Thanks boss! Here's hoping the HCL is passed even if there Kurds aren't there! Come on make Iraq great again! 4 Quote Link to comment Share on other sites More sharing options...
ISAAC88 Posted September 27, 2017 Report Share Posted September 27, 2017 As far as I can see, technically speaking, as a oil futures trader, I dont see crude prices brent or wti heading much higher. In fact im short at the moment. However maybe they dont need to be exactly 60 bucks a barrel at the moment but just show that they can contract prices at this level. Also, the recent run-up in prices was also promising. It seems the dollar finding a floor and moving back towards its position earlier this year could fit in well with a conversion rate that would be acceptable. We have to remember that oil is a currency in and of itself. If this isnt the time for action, regardless of what happens with Erbil. Then I would focus our attention on next year and there is soo much going on from a global financial perspective and getting the world ready for a international decentralized currency and this could be one of the items that needs to take place. The question I have been asking myself is, if that is the case, then it means they are waiting for the platform that will operate on to be fully functional as to not have to "restructure". We could just be a little early to the game to. Obviously if you have been in this already for some time. There is nothing like showing up to a game early to get some good seats to watch them set up. I guess we are truly invested. 2 10 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted September 27, 2017 Report Share Posted September 27, 2017 Thank You, Adam, for the grounded and level headed post! I, too, am optimistic about the outcome of circumstances in Iraq since I think it will speed up progress toward what we have been waiting for! 31 minutes ago, boosterbglee said: Thanks Adam and Sno....people like you make this place special! Oh, Yeah, BoosterBGlee - including You and a whole host of other DVers!!! Go Moola Nova! 5 Quote Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted September 27, 2017 Report Share Posted September 27, 2017 Thanks you, Adam. If Im not mistaken, changes in the IQD over the years have tended to take place in April a few times and more in September..... would love to not get out of this month without an RV or RI!!! Otherwise I'm afraid we're gonna be sitting here over Christmas Break again hypothesizing about how it could happen on New Year's Eve again. Hope not 7 Quote Link to comment Share on other sites More sharing options...
sharkbait Posted September 27, 2017 Report Share Posted September 27, 2017 Thanks Adam for helping keep us grounded. Here's hoping for positive things in the near future! 3 Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted September 27, 2017 Report Share Posted September 27, 2017 Thanks Adam! I totally agree with all that you said! I'm still as optimistic as always 👍🏻👍🏻 3 Quote Link to comment Share on other sites More sharing options...
Linda Posted September 27, 2017 Report Share Posted September 27, 2017 Thank you again for another update...still holding...and waiting... 3 Quote Link to comment Share on other sites More sharing options...
eburt Posted September 27, 2017 Report Share Posted September 27, 2017 Thanks for the update - The vote of the kurds succeeded so what happens now.......I know this have to be approved by the courts but I'm not having a warm fuzzy feeling about this....It;s all over the new on CNN and according to the articles looks like the Kurds will have they way...I hope I'm wrong but Iraq and Kurds are a MESS right now and seems to not agree on anything and RV is looking very DOOM and no telling how long this will set us back......I need a DRINK 1 2 Quote Link to comment Share on other sites More sharing options...
tankdude Posted September 27, 2017 Report Share Posted September 27, 2017 Thanks for keeping us grounded. Appreciate the no nonsense approach to this. One of the reasons I stick around here - that and the people who make this place feel like family. 6 Quote Link to comment Share on other sites More sharing options...
alreis Posted September 27, 2017 Report Share Posted September 27, 2017 Where is the line forming to buy Kurdistan currency? i got on the IQD train, what is another ride going to hurt! Quote Link to comment Share on other sites More sharing options...
gross0612 Posted September 27, 2017 Report Share Posted September 27, 2017 Did a lousy query - good answer thanks - Quote Link to comment Share on other sites More sharing options...
Laid Back Posted September 27, 2017 Report Share Posted September 27, 2017 From the RV wave to the HCL soup.... We patiently wait.! Thanks for the update Sir. 2 2 Quote Link to comment Share on other sites More sharing options...
Argyll Posted September 27, 2017 Report Share Posted September 27, 2017 4 minutes ago, Laid Back said: From the RV wave to the HCL soup.... We patiently wait.! Thanks for the update Sir. Well said! Thank you Adam & the Mods, for all that y'all do! 3 Quote Link to comment Share on other sites More sharing options...
kasheppard Posted September 27, 2017 Report Share Posted September 27, 2017 (edited) Am I the only one who reads Barzani's name and only thinks of Barzini from The Godfather? Edited September 27, 2017 by kasheppard 2 Quote Link to comment Share on other sites More sharing options...
soreback Posted September 27, 2017 Report Share Posted September 27, 2017 Thanks adam go rvvvv 1 Quote Link to comment Share on other sites More sharing options...
tigergorzow Posted September 27, 2017 Report Share Posted September 27, 2017 Adam Thanks, I'm looking forward to some "Deals" being signed and moving forward with positive results on the Horizon. I do believe PM Abadi is definitely in the Driver's Seat IMHO. GO HCL GO RV / RI 4 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted September 27, 2017 Report Share Posted September 27, 2017 Thanks Adam, until next week. 3 1 Quote Link to comment Share on other sites More sharing options...
Caye98 Posted September 27, 2017 Report Share Posted September 27, 2017 3 hours ago, Adam Montana said: I put a poll on dinarvets.com and we all vote "RV tomorrow", that doesn't mean it's going to happen! I VOTE YES! FINALLY A DATE! TOMORROW, TOMOrrow, TOmorrow, tomorrow, to..... (you had to know that was coming) Thank you Adam 6 Quote Link to comment Share on other sites More sharing options...
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