[Israel-Palestine Conflict: Iran expected reaction]

Something needs to be done with the Iranian cultist's that's in power over there.  They will forever be a thorn in this country's side and the Iraqi people.

[Monday Afternoon Opinions @ 5:15 AM MDT - 10/09/2023]

Guaranteed that Putin is going to talk to Sudani into joining up with BRICS by end of this year.

[Saturday Night Opinions @ 9:25 PM CDT - 10/07/2023]

What is that Jeff guy thinking? 

[A Tax Free Event?]

It's a scary thought to think about that some people will listen to the idiocy that spews from MarkZ's mouth and some of them will blow 75% of their earnings from this.  Only to be in deep trouble with the IRS a year later.

[Frustrated]

On 9/27/2023 at 9:20 PM, cranman said:

Same here. Bought the dinar in 2004 when i was 32 and had just returned from my first deployment.  Still have some time to before retirement.  But I have not counted on it.  I'll retire comfortably with or without it. 

 

I considered that 5K gone at that time. Money I could afford to lose.   Time will tell if it was a good investment. 

Same for me, i plunked down a few thousand for some dinar, hopefully by the end of this year or sooner we will see if anything happens with it.

[Exclusive: Iraq to end all dollar cash withdrawals by Jan. 1, 2024, central-bank official says]

5 hours ago, BETTYBOOP said:

This would be the last thing we as investors or the country of Iraq needs right now.. Yeah he is an Iranian puppet but somebody new could take the dinar in the opposite direction from what we need and it could be somebody that Iran finds easier to manipulate than Al Alak is. Remember he was trained under Shabbabi.  He knows what the plan was before Malaki ousted Shabbabi and put him in prison. I don't believe this would be a good thing at all. Hopefully Sudani will tell them all to sit down and shut up. 

Agree with you 100%

[Saturday Midnight Opinions - CDT - 9/30/2023]

10 hours ago, BETTYBOOP said:

@hspotman I watch him and take it with a pitch of salt but I am not signed up to patron for him or any other gurus. However, I can stomach his bs and mountain goats before I can stomach Melanie hinds and her profetic god crap. I dislike her more than even Mark or frankie 

I cant stand her either! She is beyond annoying the way she screams and lies her butt off!

[Iraq Trade Ministry: Iraq’s WTO ascension; Asking for US support over next few days]

Pretty big article there, thanks 6YL! 

[Developing Story: IQD Only.]

I have a friend on Facebook that I talk to and he knows this other guy that is from Iraq. He asked him if the HCL is finished and if he got any money from it yesterday.  He said heck no, no money has been deposited into his account and the HCL isnt completed yet.  So Nader is a lying scumbag.  

[Monday Late Night Opinions @ 11:35 PM CDT - 9/25/2023]

I didn't know Iran is a full member of the WTO and uses their Rial for international trade. 

[no rumour just some thougths]

Is there an article out there that states Iraq going into full ascension on the 4th?

[HCL Turns Political.]

Iraq just never seems to amaze me 

[Expectations that the oil and gas law will be passed after the local elections]

I'm praying that this isnt what we are all waiting on for and RV to happen.  If so we have a heck of a long wait in front of us.

[The Federal Court rejects a lawsuit against sending 700 billion dinars to the Kurdistan Region]

One day they are happy and singing kumbaya and the next day they are at each other's throats. 

[The state coalition confirms that local elections will be held on time]

Is anything on time with Iraq? 

[Thursday Midnight Opinions - 9/07/2023]

2 hours ago, screwball said:

On a brighter note I hear they have the signatures to impeach Biden, let’s see what McCarthy does 

I hope and want that to but McCarthy is a rhino and he wont touch Biden.

[The United Nations warns: the global financial system is in danger of disintegration]

Thats what the UN wants so they can bring in their NWO and Agenda 21.

[Government: The regional government did not deliver oil and non-oil revenues, and what it owes is many times its share in the budget]

UN has to step in, this is getting out of hand between these two provinces.

[Iraq Gambles On The High Price Of Oil To Get By.]

4 hours ago, HowieC said:

Exactly!    People get all pumped up when oil prices are climbing....

THEN you get this..... "Will the high price of oil delay monetary reform"   🤪

 

Exactly!  Oil hit 150 a barrel back in 08 or 07 I think, how come Iraq didn't hit the RV button then.

[Oil markets are waiting for big cuts in OPEC]

9 hours ago, yota691 said:

Expectations of a rise in oil prices to $107 in 2024

Today, 09:18

 

Al-Ghad press / follow-up

Goldman Sachs, a commodity research bank, said that Saudi Arabia and Russia's extension of voluntary supply cuts is pushing up their expectations for crude oil prices and enhancing the possibility that Brent will jump to $ 107 a barrel next year.

 

Yesterday, Tuesday, Saudi Arabia and Russia extended voluntary cuts until the end of 2023, which pushed oil prices above $90 a barrel. Brent crude reached about $90.97.

The Saudi cuts amount to one million barrels per day, while the Russian cuts amount to 300,000 barrels per day. 

 

These cuts are in addition to others announced in April, with the agreement of many OPEC + producers, and will continue until the end of 2024.

 

In a note, Goldman Sachs said that the first scenario it set includes that the absence of approximately 500,000 barrels per day compared to its own estimates of Saudi production in the fourth quarter means that prices may rise by two dollars a barrel from its expectations for December 2023 at $86 a barrel.

 

In the second scenario, which includes the failure of nine OPEC + countries in January 2024 to cancel half of the production cuts of 1.7 million barrels per day announced in April, the price of Brent could reach $107 by December 2024.

 

The bank said the extension reflected the use of OPEC+

“Aggressively due to its extraordinarily high pricing power,” he also notes that it is unlikely that OPEC+ will be in a rush to increase production.

 

Probably hit that in a week.

[Oil markets are waiting for big cuts in OPEC]

With the dollar dropping in value worldwide and gas prices set to sky rocket a depression looks imminent here in the US.

[Thursday Night Opinions @ 10:58 PM CDT - 8/31/2023]

Pimpy has been pretty negative about the IQD and now he believes that it will start to rise.  He cant make his mind up about this.

["Controversial points" between Baghdad and the region delay the approval of the oil and gas law]

4 hours ago, lmb4321 said:

This is Probably why we haven't heard from Adam in Years.....

This RV is going to happen But When?....

I Know I lost loved Ones waiting for this....

I'm hoping it happens before I get too old and kick the bucket.

[It's Going To Take A lot Of Outside Investors To Make A Difference.]

Like 1132 is really going to push them to be international 

["Controversial points" between Baghdad and the region delay the approval of the oil and gas law]

5 hours ago, 6ly410 said:

 

Baghdad forms committee of three ministers to decide on draft oil and gas law

4 hours ago

Hastiar Qadir

 

 

al

 

The Iraqi Prime Minister formed a committee of three ministers (Kurdish, Sunni and Shiite) to decide on the points of disagreement over the draft oil and gas law, as there are three points of disagreement between the Kurdistan Region and the federal government over the draft law, and a member of the Oil and Gas Committee of the Iraqi Council of Representatives says that the draft law will consist of more than 40 articles and is expected to be voted on in the Iraqi Council of Ministers within a period of two weeks to come.

 

Formation of a government committee

 

A government committee is scheduled to be formed for the purpose of resolving the draft oil and gas law and collecting the demands and observations of the oil-producing provinces and the Kurdistan Region.

 

In a statement made on Monday (August 14, 2023) to Rudaw Media Network, the Deputy Chairman of the Oil and Gas Committee of the Iraqi Council of Representatives, Nehru Rawandzi, said: "Iraqi Prime Minister Muhammad Shia Al-Sudani decided to form a committee of three Iraqi federal government ministers from the three components, Kurds, Shiites and Sunnis, to resolve the issue of the draft oil and gas law."

 

Draft laws were prepared by the Iraqi federal government in 2007 and 2011 and submitted to the Iraqi parliament, but differences between political parties prevented a vote on either.

 

What are the differences?

 

Information obtained by Rudaw Media Network indicates that the main point of contention over the draft oil and gas law is between the Kurdistan Region and the Iraqi federal government over the powers of oil and gas production, the method of managing the shared fields, and the interpretation of Article 11 of the permanent Iraqi constitution, which says that oil belongs to all Iraqis in all regions and governorates.

 

On August 5, 2023, the first meeting was held in Baghdad to discuss the issue of the draft oil and gas law with the participation of the delegation of the Kurdistan Regional Government, the federal foreign and oil ministers, representatives of the oil and gas producing governorates, and advisers to the Iraqi Prime Minister.

 

The deputy chairman of the oil and gas committee in the Iraqi parliament said that opinions were divided on two fronts, one for the oil-producing provinces such as Basra, and its opinion is close to the Kurdistan Region's opinion to grant them a special status and rely on the constitution in dealing with this issue, and another front for the provinces with low oil and gas production, which is closer to calling for centralization.

 

The sixth paragraph of Article 13 of the Iraqi Federal Budget Law says that dealing with the oil of the Kurdistan Region will be carried out in accordance with the budget law until the issuance of an oil and gas law, and the most prominent articles of the budget in this regard require that the Kurdistan Region hand over 400 thousand barrels of oil per day to the federal government in order to receive its financial dues.

 

More than 40 items

 

The ministerial curriculum of the Iraqi government headed by Muhammad Shia al-Sudani, which was voted on in the Iraqi Council of Representatives on (October 27, 2022), authorizes the Iraqi federal government and the Kurdistan Regional Government to negotiate on the oil and budget files to prepare the draft oil and gas law in accordance with the constitution and within six months of the new government assuming its duties.

 

Six months have passed and the draft oil and gas law, which is key to resolving differences between the Kurdistan Region and the Iraqi federal government, has not been prepared.

 

Ali al-Lami, a member of the parliamentary oil and gas committee, told Rudaw on Monday that the number of articles in the draft oil and gas law will exceed 40, while the number of articles in the previous two drafts was less, noting that the draft will be drafted by taking into account the views of the oil-producing provinces and in accordance with political agreements.

 

Ali al-Lami expects the draft oil and gas law to be agreed upon within the next two weeks and voted on in the Iraqi cabinet to be submitted to the House of Representatives for approval.

 

Here we go, another committee