staunch

Hmm.........the way of the world. Implement hcl, give the citizens their oil share, raise taxes and let inflation take the rest.

The price of a barrel of oil has never been stable. It's a speculative investment tool and it's volatility runs rampant on the words of leaders. It never has and never will be stable. At best you can hope to predict a cycle.

LMAO! That's exactly what I did when I saw those pics. I don't like it!

The point I was trying to make earlier (and did so poorly) was that a dinar is only worth a dinar on the iraqi streets regardless of what it's worth against the USD. It's having the dual currency in iraq that negates any change in the value of the dinar. Whichever becomes stronger, they will use. To effectively raise the value of the dinar against the dollar without creating this hyper inflated economy, you would have to rid yourself of the dollar and impose penalties for using it. I'm not even sure if it is possible to do that. But again, a dinar is worth a dinar in iraq. Just because you can buy x amount of dollars with it, you can only buy one dinar with one dinar

What really jacks everything up is the fact that we assign a $ USD amount to the dinar (because it's pegged to USD) if they released the dinar from the peg and dedollarized, then they could do whatever they want with the dinar. As it stands right now, the direct link between international (pegged) value and what the dinar will buy on the streets screws up any monetary value change because of all the USD riding along right beside the dinar in the streets. OMG...that didn't come out like I was thinking. Too early, not enough coffee. Maybe I'll try again later.

If they made it retroactive for 5 years I bet it would get their attention.

Problem is the market is flooded with oil right now. No one is willing to cut back. One of the main reasons the ppb is going down.

Ooph.............it is what it is. Not bad considering all that has happened in the last year, I guess.

I said the other day that I heard analysts predict $45-$60 per barrel of crude into june 2015. And that US domestic drilling could survive for around 6 months in the $50ish range before the losses started to take it's toll. Bad news: Iraq takes a hit on oil profits. Good news: Cheaper to fill up at the pump this winter and spring.

All we can do is hope! I have the feeling that VIP will be back open in a couple of weeks though.

Heard an interview on the news 2 days ago with analyst predictions of $45-$60 per barrel of crude through June of 2015. For what it's worth. It all depends on who's talking.

LOL! There it is again ^^^^^ I laughed my butt off for a week the last time you posted that thug!

Eh? Where did this come from? shutting down?

cash in sites for what??? j/k

I think this is fantastic news for Iraq. They are now back where they are suppose to be with the oil revenue distribution. (That is if they implement it.) Now just wait to see if there are any other underlying issues to prevent some economic changes.

lol, i just read that and it disappeared! Then i realized it got pinned. Worthy of it.

You know, I don't do a lot of research on the dinar, as I am one of the people who is not heavily invested. (Less than a million) I bought back in 04 or 05(can't exactly remember) while I was over there in the military. I put half of it in a frame with all of the other currencies I have and the other half in a drawer. Didn't even really think about it for years. Anyway. The reason for my post is that I am astonished that the churches are promoting this!!! I had no idea! It is wrong on so many levels that I don't even know where to begin. I am not naive enough to think this is a high probability gamble (which is why I didn't buy a lot) , but the faith that people have in their churches and what they teach and preach could lead to disaster with something like this. Itjjust blows my mind.

This is just the way that i have understood it, and i could be way wrong, but : it is believed that they will not come out with an RV until it is figured out EXACTLY where all the monies are going to be allocated. Once the HCL is figured out, that in itself will tell how much each region is going to get from oil profits. Budget goes hand in hand with HCL in that once a percentage is established (for HCL) they can determine how much to allocate from the budget for operatiing expenses. Why change the value of the currency at this point until all the rest is established. You would just have to re-do it! This of course is coming from someone who does not know what he is talking about and just threw my dagger in the dark.

So who is this guy? All I could find out is he is an editor at ITP publishing in the UAE. So I am assuming that this is just another opinion article from someone that really doesn't matter. Am I wrong?

Stealth has become entertainment value only, just like a few others. Nothing he says anymore is taken seriously.

Wow! That's a lot of scratch!

I am able to buy gas for $2.72 a gallon right now with a rewards card from MAPCO. Not sure how those rewards cards work though (where is the discount coming from?) without it, it is $2.83 sorry, didn't mean to quote the whole post

This whole Turky/Kurd ordeal just blows my mind. i was listening to an interview with the Turkish ambassador yesterday and he basically said "let em go at it, they are doing our job for us" Unbelievable!

holy crap, i gotta scrape my eyeballs off the desk..............and i didn't even finish it all! I don't know how you do it "T" but thanx I'll have to come back to this later

There he is! That breath of fresh air I was looking for!