SonOfAtomicVet

The Iraqi parliament has held its first hearing session to pave the way for the debate on a controversial draft law to reestablish the Iraqi National Oil Company, which the former Iraqi leader Saddam Hussein's regime invalidated in the 1980s, officials said Monday. The session was attended by the country's Oil Minister Abdul Kareem Luaibi, two former oil ministers Ibrahim Bahr al-Uloom and Thamer al-Ghadhban as well as the head and members of the parliament's oil and energy committee and several Iraqi oil experts. Absent from the parliamentary hearing was deputy prime minister for energy affairs Hussein al-Shahristani, a key ally of prime minister Nouri al-Maliki. A draft law of the long-awaited new national oil company, which would revive a company originally established in the 1960s and merged into the Iraqi oil ministry in 1987, was passed by the then cabinet in July 2009 but has been stalled in the parliament since. Oil minister Luaibi told the hearing that creation of a new Iraqi National Oil Company is not essential and "it would add nothing to the Iraqi oil sector." While speaker of the parliament Osama al-Nujaifi, head of the parliament oil and energy committee Adnan al-Janabi and Ghadhban who is also the current top energy advisor to Prime Minister al-Maliik, voiced their support for reviving the company. The INOC, if restored, would act as the parent of the existing South Oil Co., Iraq's largest petroleum company, North Oil Co., Missan Oil Co. and Midland Oil Co. According to its draft law, the INOC would spearhead national and local strategy. It would carry out all sorts of oil operations from exploration down to marketing. The firm would also partner with or even compete against foreign companies to develop Iraqi fields. The INOC will be a cabinet-level organization led by a president with ministerial rank. The company's board will include officials from the ministries of oil, finance and planning and the Central Bank of Iraq. Link: http://www.rigzone.com/news/article.asp?a_id=108649

Then can you please divulge where your information came from to make such a factual conclusion? And I do know how to add 2 and 2. If you can't reply without a sense of anger in your words, then please don't. Thank you

I am not going to say anything negative based on someone's opinion. We all have them. What does disappoint me more than anything is someone who lists the title of a post alluding to facts when it turns out to be nothing but an opinion. I guess people think more about their headlines to grab attention than the content.

I graduated from high school 30 yrs ago... this reminds me of the note the girl who has a crush on you passes to you... "Do you like me? Check one... Yes..... No...." Is this really necessary? I vote none of the above. I didn't join this site to help console someone for what they may think was a mistake on their part and are looking for others to support his decision. For once I am 100% in agreement with Keep.....

Okay, I am sorry, but I don't understand why everyone keeps making connections to US holidays and events. In my understanding, the reval is about Iraq and its people. Not about the US/us. I can't and have never felt that way about it. I know everyone is doing their best looking for information that can be related to the currency change. But really, can we use a little common sense and realize that Iraq is not concerned at all about anyone outside of their country? They hardly have concern for the people in their country. I appreciate your insight and reasoning, but I really don't think our holidays and banking hours will have anything to do with the decision in the reval of the Dinar. Just My Opinion

What a coincidence! I was just thinking the same thing! Sorry, couldn't resist... Hello from Louisiana!

Okay, only because I am confused, can you please clarify? How is it that you can make the statements on 1,2 & 3 implying that this is all a myth, no intel, nothing about an RV, yet make the following statement "... but from what I was told the following scenario was discussed"? Why discuss such a scenario if 1,2 & 3 says the RV is not real? Thanks in advance for clearing this up for me....

Well, don't have enough hair left to justify pulling out for math errors... lol

kmiller68: if they drop the rate from .00086 to .86 wont that mean 1 IQD = $1.16 Breitling: yes crich: so the present rate .ooo86 will = .86 & the initial rv maybe .86…isn’t that the same thing in a way? Breitling: no dinarisserved: so it the dinar rv’s at .86 then will a 25k note be worth $21,500? But will have a 30,60, or 90 day window to cash them in? Breitling: about that yes, lets hope they hit it at that rate centech: Please verify–if the rate comes out at .86—then 1 million Dinar would be worth $860,000 USD–correct? Thx much for verifying! Breitling: yes, i made a typo Okay, question.... because I am so confused now... which is it? .86 will equal 86 cents (.00086 less the .000)? Or .86 will equal 1.16 dollars (1 / .86)? It seems to be a significant difference in value. 1,000,000 x .86 = 860,000 1,000,000 x 1.17 = 1,170,000

HAHAHAHAAHA..... Yes we are!

WILMA! Her name was WILMA! Thelma was the one who rode the car over the cliff with Louise. Fred and Wilma Fintstone, Barney and Betty Rubble. Yep, I spent too much time in front of the TV as a kid.... lol

4. Another speaker mods knew well as GW said he had calls from highly informed people today saying the same thing that the RV will be early next week. GW Bush?

Thank you... and hope your RV dreams come true. Thanks to everyone for the kind words and thoughts. Nice to know there are others who think and feel the same. I just wish for all of us to have a wonderful experience with this historical event. I hope everyone's dreams and expectations are met, within reason of course. And let us please remember, this is not only about us, but especially for the betterment of the Iraqi people's way of life. With this, hopefully, all our lives will change for the better. Good luck to us all, and Go RV!

I have noticed how the closer it seems an RV may occur, the more frustrated people are getting in their responses to such simple questions. All the poster wanted to know about a PREDICTED RATE, not a factual. Predicted meaning a guess. We can all guess and hope what a rate may be. What is the harm in saying "Hey, I predict from what I have read it will be anywhere from 10 cents to 10 dollars."? Why is it the ones who seem to have more experience in deducing information, are popular in their posts, and just plain popular here in the site say, "I believe in what I have read and calculated, the rate may be 1 dollar!", and get all kinds of pluses and "attaboys", and tons of thanks for making such a statement? Just because someone is learning and asks questions to learn gives no merit to be answered in such a way as to be told; "No one knows so stop asking stupid questions." In my opinion, that is rude and hurtful. But what do I know, I am still fairly new here also. I have watched people go from responding in a polite, cordial and respectful way to now being rude and thoughtless. If you don't like the question, why respond in such a disrespectful way? I miss the helpful and "let me point you in the right direction" responses. I know it is frustrating. More so for those who have been on this journey for a very long time. But stay the course and don't lose focus. If you attain such great wealth as you imagine the RV will deliver, and you are impatient and rude to others, will you then become the rich snob that so many people detest? I haven't invested enough to defend if I will or not, but I know it is not in my nature. I live by the most important rule my mother taught me: "TREAT OTHERS AS YOU WISH TO BE TREATED. LOVE LIKE YOU WANT TO BE LOVED. CARE LIKE YOU WANT TO BE CARED FOR." Sorry, I have just gotten disappointment overload seeing another rude response. Good luck to us all. May everyone's dreams and wishes happen as they imagine. David - SonOfAtomicVet

As the "D" and the "R" are so close on the keyboard, I am sure that is what the original poster meant. As for myself, I typed while reading to try and get his post correct and blindly followed the 'EUD". Sorry my error upset you so much.