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Pitcher

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Pitcher last won the day on July 14

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About Pitcher

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  1. You saw what I wrote yesterday. The Liberals preach inclusiveness, tolerance, and kumbaya but they don’t practice it. Hollywood, Antifa, the National Media, Google, Facebook and many others are not fine examples of non censorship, non combative, nonracist behavior. Both sides are inciting hatred, which is divisive for what end. To get their base voters fired up to go vote. Is it really worth it. . If you believe in the Left and Socialism then you will get what the people of Venezuela, Cuba, Russia, and many more have gotten. Zip, nada, zero, as in no freedom, no money, no rights. Its your right to hate Trump but to support those vile Congresswomen who preach hate and hatred of America is not ok in my book
  2. Shabs I’m glad to hear you are productive. Congrats on closing your big deal. Im sorry to say that you are not enlightening anyone with your constant hatred of Trump. You delight in been an agitator but you sticking up for people who espouse Socialism tells me you must support that view for America.
  3. Look into Costa Rica. Very nice, and people are friendly.
  4. Hey Bros, Lets go Iraq. Push the button, flip the switch, turn the knob, or just say Shazam.
  5. Looking for common ground so we can have a “conversation”. I get tired of the half truths and MSNBC. They have to be challenged and I’ll continue doing so. Sometimes it’s actually fun
  6. Fair question Jg1. My day is over. I’m just watching a ball game, reading the posts, and relaxing. Besides, I admit it, I’m addicted, to the Bro Brothers thread. Cheers Bros. Haha 😂 😂
  7. Awesome Star, I’m going to do that the next time I see a sign like that.
  8. https://oilprice.com/Energy/Crude-Oil/The-Only-OPEC-Member-That-Could-Challenge-Saudi-Oil-Dominance.html The Only OPEC Member That Could Challenge Saudi Oil Dominance Jul 15, 2019, 6:00 PM CDT In line with its targets for increasing crude oil production to 6.2 million barrels per day (bpd) by end-2020 and 9 million bpd by end-2023, up from the current 4.6 million bpd or so and on a par with Saudi Arabia’s output, Iraq has made it clear to foreign and domestic oil field developers alike that increases must be made or contracts will be reviewed. Three key fields are currently in the spotlight – Rumaila, West Qurna 1, and Gharraf – with more to follow shortly. Ongoing infrastructure constraints, however, may continue to thwart the realisation of these ambitions on schedule. According to figures released recently by Iraq’s Oil Ministry, the long-time stalwart field of Iraq’s oil production – Rumaila (which together with Kirkuk has produced around 80% of Iraq’s total cumulative oil production) – produced 1.467 million bpd over the course of 2018, its highest annual rate of production for 30 years. This figure is above the 1.173 million bpd initial target output figure agreed with BP in the original 2008 contract but still well below the plateau target at that time of 2.850 million bpd, although the re-negotiated plateau target is 2.1 million bpd. Although the field has been operational for many years, it still has 55% of its ultimately recoverable resources of 35 billion barrels in place, according to the International Energy Agency (IEA). As with the vast majority of Iraq’s oil fields both north and south, the lifting cost for oil remains among the lowest in the world at around U$2-3 pb, on a par with that of Saudi Arabia. The increase to the 1.4+ million bpd figure does reflect some improvements put into place by the field’s developers – BP and China National Petroleum Corporation (CNPC) through its PetroChina operation – in the past couple of years. Aside from a new power plant that supports Rumaila’s day-to-day functioning, new dehydrator and desalter production trains increased production capacity by 124,000 bpd. In addition, 31 new wells were drilled last year alone, and BP’s renovation of the Qarmat Ali Water Treatment Plant means that it is now capable of treating up to 1.3-1.4 million bpd of river water, allowing for greater extraction of oil from the field’s Mishrif reservoir (triple the amount, in fact, that was extracted in 2010). According to industry figures, Rumaila requires around 1.4 barrels of water for each barrel of oil produced from the north of the field, whilst the Mishrif formation in the south will require much higher water injection rates to support production. Related: IEA: Huge Oil Glut Coming In 2020 Recent production increases at the adjunct Zubair field, principally operated by ENI (plus KOGAS and Iraqi partners), can also be attributed in significant part to BP’s efforts in Rumaila, as around 14% of the water from the Qarmat Ali Water Treatment Plant goes to Zubair. With an initial target of 201,000 bpd, Zubair now produces around 475,000 bpd, and is due to receive a further boost from the construction of a 380 megawatt power plant. These advances are likely to increase oil production to around 600,000 bpd, although not until 2030, according to the IEA and it is still far off the initial plateau target of 1.2 million bpd. This brings Iraq back to the central problem that still constrains dramatic further gains in oil production of the level needed for it to hit its new oil output targets. “To effect any meaningful increase in Iraq production you cannot get around the fact that the CSSP [Common Seawater Supply Project] needs to be in place across the country and fully functioning, otherwise not only will Iraq not be able to effect such output improvements but also output from existing fields will be jeopardised,” Richard Mallinson, head of Middle East analysis for global energy consultancy, Energy Aspects, in London, told OilPrice.com. “Some companies – like ENI for the Zubair field and BP in Rumaila – have built their own mini-facilities and solutions but this requires a huge commitment and level of confidence that not every company on every site wants to make,” he said. As it stands, the CSSP - which originally involved taking and treating 12.5 million bpd of seawater from the Persian Gulf and then transporting it via pipe lines to six oil production facilities for water injection to boost pressure at these key reservoirs – is on hold for reasons exclusively revealed by OilPrice last month. The IEA now estimates that in order for Iraq to hit just under 6 million bpd – slightly below Iraq’s new official first phase target although still sufficient for it to overtake Canada as the world’s fourth-largest producer – it will need a total of 8 million bpd of water being used in selected fields, up from around the 5 million used currently. If the CSSP is not online then this volume of water will need to be met by other sources such as produced water, expansion of existing water treatment facilities, industrial water and so on. However, the fact that ExxonMobil (alongside PetroChina, and Itochu) is still working on the development of West Qurna 1 – and increasing production at the field – implies that there is still some prospect of the U.S. supermajor re-engaging at least on some version of the CSSP, if not the fully scaled-up Southern Iraq Integrated Project. According to the most recent figures, production at West Qurna 1 – with proven reserves of 47 billion barrels of oil - has reached 465,000 bpd, up from about 440,000 bpd. This increase was largely a product of new crude processing facilities and oil storage tanks coming into operation, which, once functioning at full capacity, should boost crude oil output to at least 490,000 bpd by the end of 2020 at the latest. This compares to an initial target for ExxonMobil under the terms of the 2008 contract of 268,000 bpd and a plateau target of 2.825 million bpd, although again this has been re-negotiated down, this time to 1.6 million bpd. Related: China’s Refineries Hit New All-Time Operating Record In the context of its end-2020 oil target, the Oil Ministry has also put pressure on Japan’s Japex to speed up its work increasing production at the Gharaf field, up from the current 90,000 bpd to at least 230,000 bpd. This was the original plateau figure, after the initial target of 35,000 bpd had been reached, and the Japanese firm recently announced that it has allocated US$460 million for the fiscal year 2019-20 to further develop the field. Although generally regarded as a lesser field at the moment in Iraq’s oil reservoir line-up, success at Gharraf could well lead to Japex – and the other participating foreign firm, Petronas – being offered an “exceptionally favourable deal” to develop the adjacent DhiQar field of Nassiriya – according to a senior oil and gas industry source who works closely with the Oil Ministry. Although last year saw the Ministry assign responsibility for developing Nassiriyah to two local companies, there are still ambitions to attract foreign companies to the site that has a conservatively estimated 4.36 billion barrels of reserves in place. Discovered by the Iraq National Oil Company (INOC) in 1975, only for all development plans to be shelved by Iran-Iraq war, the field came on stream in 2009 and was listed on the 2009-2010 fast-track plan. This aimed to raise its output to about 50,000 bpd, and the first half of 2009 saw ENI, Nippon Oil, Chevron, and Repsol submit bids to develop the field on an Engineering Procurement Construction contract basis, with a consortium comprised of Nippon Oil, Inpex, and JGC Corporation looking set to win the contract before negotiations broke down again. The prospect for the field was later complicated by the addition of plans to construct a 300,000 bpd refinery as well in what would be the ‘Nassiriyah Integrated Projected’ but, with the two local firms in place, the site is now producing around 100,000 bpd, with plans to double this by the end-2020 target date.
  9. https://www.thebaghdadpost.com/en/Story/42763/Iran-attacks-Iraq-in-warning-shot-to-world-this-is-a-red-line Iran attacks Iraq in warning shot to world 'this is a red line' Iran has launched a devastating attack on Iraq as tensions between Tehran and Washington reach crisis point, according to Express. The country’s Revolutionary Guard announced on Friday that they had conducted attacks against anti-Iran insurgents operating in Kurdistan, on the Iraqi border. Following Israeli Prime Minister, Benjamin Netanyahu's warning that its weapons could strike anywhere, Iran’s elite troops have hit back by announcing that they would defend the country’s border. In a statement released Tasnim News Agency, the Revolutionary Guard announced that it would defend Iran’s national security at all costs. The statement read: “As asserted several times, the national security and preserving the Iranian nation's calm and peace of mind, particularly for the dear and gallant people of the border provinces, is the red line of the country's Armed Forces, particularly the Islamic Revolution Guards Corps Ground Force.” After the attack on the Kurdistan region, mayor of the northeastern Erbil village of Choman, Ahmed Qadir denounced the attack calling on Iran to “stop the shelling as soon as possible”. Iran’s attack on its neighbour comes following a series of events in the region which have threatened to spark conflict. Last week, Iranian ships attempted to seize a British tanker passing through the Strait of Hormuz. The ship was ordered to change course before the alleged Revolutionary Guard ships tried to seize the tanker. British navy ship, the HMS Montrose had been escorting the ship through the region where it ordered the Iranian ship to stand own. One of the officials said: "The Royal Navy HMS Montrose, which was also there, pointed its guns at the boats and warned them over radio, at which point they dispersed." Another official said: "It was harassment and an attempt to interfere with the passage."
  10. https://www.thebaghdadpost.com/en/Story/42764/Defense-Min-discusses-military-cooperation-with-British-counterpart Defense Min. discusses military cooperation with British counterpart Iraq`s Minister of Defense Najah Al-Shammari discussed with the British Lt Gen Sir John Lorimer, senior defense adviser to the Middle East ways of enhancing relations between the two countries, especially in the field of military training. According to a statement by the Ministry of Defense, they discussed the development of relations between the two countries, especially in the field of military training, offering support to military academies and colleges through training cadres skills and the development of training materials and tools. During the meeting, they discussed the increase in the number of trainees of the Iraqi forces in the British academies. " The meeting was attended by the British ambassador and senior commanders and officers in the ministry. "
  11. Shabs, while you were here bashing President Trump I had a very productive day trading stock tickers, WSM, and ZM. I am a very very successful trader. Stop wasting your time making posts that no one gives 2 hoots about. Go do something more productive with your time. You seem like a smart guy, why waste your time here when you could use your brain for something more satisfying and less stressful?
  12. Don’t care. Kap is crap, Rino crap.
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