Xanderjd

I had a girlfriend I wanted to execute for constantly farting in her sleep...is that wrong?

What I've wondered is how to figure out your is how much you actually make. For instance, if I have 4.5 million in dinar and the rate is 1 or 3 dollars, do I multiply or divide? I got a D all through high school math and am cheating my way through algebra at my online university.

Sounds like Detroit....

Yeah, there are still tons of wild stories out there about the subject too. Millions of people made billions and all those chestnuts.

Someone negged you,but I helped you out gloomy gus.

Will Iraq allow Kurdistan to surpass them? How could they not learn from them? What a waste.

yeah, surprise...surprise.

Guess he had a good Valentine's Day?

Great news if it's true!

There is no prediction as to when or if this will really happen though right?

At some point, you'd have to think they would get it together...

So this is an RV article too? I didn't see any mention of an exchange rate?

I negged you and just wanted to write and let you know. It's nothing personal, I'm new here and come to be informed and learn more about how economies work and how the currencies are affected. I'm sure you are frustrated as is millions of others but at some point these shots have to end. I personally feel there are many ways to improve both your life and quality of living without involving anyone in government, state or federal. I might be wrong, but it's what I choose to believe and try to make steps for. There was a time when I was planning to move to Costa Rica and never set foot on U.S. soil unless it was a family emergency, but in the end, we make our own paradise. Have faith in yourself and focus on what you have to do to improve your life and don't let setbacks become excuses...excuses are like cockroaches, they can multiply if you don't get rid of them fast enough, an infestation can easily ruin what you built, and they can follow you. Just what I think on the topic, take it with a grain of salt if you wish, I didn't vote for Obama, but at the same time, for me personally, it's always disheartening when people bash American Presidents...any of them.

I have been trying to keep an eye on it a little myself. I think it's cause for at least a little concern, but if you always think the worst...the worst will happen I guess.

It's sad to see the bickering about the presidency (both those for and against Obama) and such cheap shots on what should be positive information.

By Ahmed Rasheed BAGHDAD (Reuters) - Exxon Mobil (XOM) has informed the Iraqi government it wants to pull out of a $50 billion oil project, and Baghdad expelled Turkey's state oil operator from another contract on Wednesday, both signals of trouble in Iraq's petroleum policy. "Exxon has stated in its letter that it has started discussions with some international oil companies to sell its stake," Abdul-Mahdy al-Ameedi, director of Iraq's contracts directorate, told reporters. The move by Exxon to quit the West Qurna-1 oilfield in south Iraq will exacerbate tensions between Baghdad and the autonomous Iraqi Kurdistan region, where Exxon has signed oil deals seen as more lucrative but dismissed by the central government as illegal. Kurdistan has upset Baghdad by signing oil deals with foreign companies including Exxon, Chevron (CVX.N) and Total (TOTF.PA). Kurdish officials say they have the constitutional right to do so, but the central government says only it controls oil policy. Iraq's cabinet also said it was expelling Turkey's state-owned TPAO from its exploration block 9 oilfield for an unspecified reason, denying it was prompted by any move by the Turkish company into Kurdistan. Baghdad plans to reply to the letter from Exxon by Sunday, another oil official said. But it was unclear who would replace Exxon if it leaves the huge oilfield, which pumps around 400,000 barrels per day of crude, with minority partner Royal Dutch Shell (RDSa.L). Exxon has not commented publicly on its plans. Doubts about who can replace Exxon in the important project could raise questions about Iraq's target to increase crude output to 5-6 million barrels per day by 2015 from 3.4 million bpd. Some industry sources have said Baghdad is keen to replace Exxon with companies from Russia or China as a way to hit back at major Western oil majors. But it was unclear which companies would have the financial heft to follow Exxon. Russia's LUKOIL (LKOH.MM) and Gazprom Neft (SIBN.MM) are already working in Iraq. LUKOIL, which already runs a project to develop West Qurna-2, has said that it lacks the resources to take on a project like West Qurna-1 for the moment. Exxon is now at the heart of a long-running dispute over oil reserves and territory between the Arab-led central government and ethnic Kurds, who have run their own regional administration in northern Iraq since 1991. EXPULSION Iraq's cabinet also decided to expel Turkey's TPAO from Block 9, where it holds a 30 percent stake, and asked Kuwait Energy to boost its stake to 70 percent from 40 percent. Dragon Oil (DRS.IR) holds the remaining 30 percent. "We respect their decision. If they see such a contract renewal or stake transfer appropriate, we don't mind either," Turkish Energy Minister Taner Yildiz told reporters on Wednesday, in response to Iraq's plan. Iraqi officials said the decision was not related to possible TPAO deals with Kurdistan. "The cabinet rejected the approval of Turkey's TPAO as a partner," al-Ameedi said. "Removing TPAO has no connection with Kurdistan deals. We know TPAO has no deals in Kurdistan. But this decision was taken for other reasons." He refused to give any further details. Iraqi oil officials said removing TPAO from the exploration project will not affect the company's other activities in oil and gas fields across the country. TPAO has minority stakes in the two small oilfields of Badra and Maysan in the south and is running two gas fields along with Kuwait Energy in the province of Diyala and the southern oil hub of Basra, both near Iraq's borders with Iran. "TPAO can still operate in other oil and gas projects in Iraq without being affected by removal from the exploration deal," Ameedi told Reuters. The expulsion comes amid tensions between Baghdad and Ankara after Turkey accused Iraqi Prime Minister Nuri al-Maliki of sidelining Sunni Muslims since the onset of a political crisis in Iraq after U.S. troops left in December. Maliki, a Shi'ite close to Iran, has traded insults with Turkey's Prime Minister Tayyip Erdogan several times, with the Iraqi leader calling Turkey a hostile state and Erdogan accusing Maliki of fanning sectarian tensions. http://finance.yahoo.com/news/exxon-tells-iraq-wants-quit-084707706.html?l=1

Found this read and thought it was interesting...not sure if it's good or not By Hassan Hafidh BAGHDAD--Iraq finalized Monday an oil and gas exploration contact with Pakistan Petroleum , the first of three deals Baghdad will conclude with international firms this week as part of its efforts to upgrade its energy sector after years of war and sanctions. The deal was signed in Baghdad by Iraq Deputy Oil Minister Ahmed al-Shammaa and Pakistan Petroleum's Chief Executive Asim Murtaza Khan. Under the deal, Pakistan Petroleum will explore for gas and oil in block 8 which is shared by Diyala and Wasit governorates in eastern Iraq. Pakistan Petroleum was awarded the deal at the country's fourth bidding round held in May this year. The firm competed with two Japanese companies, Japex and Itochu Corp. , which wanted a $10.57 a barrel remuneration fee, while Pakistan Petroleum sought only $5.38 a barrel. According to the Iraqi oil ministry's preliminary data block 8 contains mainly gas, but Mr. Khan believes there is also oil. "Our technical evaluation shows that there is oil also," he told Dow Jones Newswires. He said that his company would spend some $100 million in exploration operations in the block, but to produce first gas from the block, the company would need to invest additional $400 million. Iraq will also sign a deal with Russia's second largest oil producer OAO Lukoil Holdings (LKOH.RS) and its partner Japan's Inpex Corp. on Wednesday and another with Russia's Bashneft (BADNE.RS) and its partner U.K.-based Premier Oil PLC (PMO.LN) on Thursday. These international firms won their deals in May at Iraq's fourth energy bidding round, which had attracted few firms because of tough contract terms set up by the Iraqi oil ministry. International oil companies prefer production-sharing contracts that would allow them to register reserves, while Baghdad offered them less attractive technical services deals. These deals will contribute to the already booming Iraqi petroleum industry that has seen Iraq become the second largest oil exporter in the 12 member Organization of Petroleum Exporting Countries. According to a recent report issued by the International Energy Agency, the world's energy watchdog, Iraq is expected to be the world's biggest source of new oil supply over the next few years. The conclusion of these deals came following the approval of the Iraqi cabinet last month. However, a similar draft contract with Kuwait Energy and its partners state-owned Turkish Petroleum Corp., or TPAO, and United Arab Emirates-based Dragon Oil PLC was held back by the cabinet until the oil ministry completes certain procedures related to it. Baghdad has signed over the last two years several oil deals with international companies that are expected to bring the country's output close the world's largest oil exporter Saudi Arabia. Here's the link: http://www.marketwatch.com/story/iraq-finalizes-pakistan-exploration-deal-2012-11-05

It’s kinda a door that swings both ways in my honest opinion. You could blame the White House for allowing them to do it, but you should also blame them for doing it to their own people when they have such a great opportunity to prosper.

It was at 1164 last time i checked it?? And I thought it was supposed to go the other way?

I’m sure nothing good will come of this….

Wow, what exactly would be the reasoning behind paying so much for those notes?

Appreciate the input, i have been reading here and about the country since we’ve pulled out a few months ago. I’m currently in Afghanistan contracting and this was the first place I heard about it, so I started researching. Just hoping I’m not one of those “day late and a dollar short” people.

Unfortunately for me right now, I’m in the process of buying a new house, so most of my money is going to be tied up. Just wondering if anyone has any estimates on when is the latest I should be trying to purchase any dinar. I hope to close on a house in the June/July timeframe and then all will be well.