BRANDON43

And it is equipped for off road use.... Great...

Why get excited... ALL the RV predictions have been 100% WRONG......I guess this is a way a validating it...

What negative issues are you referring to ??

Why are people lined up at a bank????? for what to trade USD that they have for IQD's?? Come on people give it a rest...

WOW !!!! the 15th.... Well at least they have be 100% WRONG... Maybe he needs another source of rumors....Or is there a source?

Here in Houston..

I am not really sure how creditable this site is be here is the link and what is posted yesterday.... Monday, Mar 15, 2010 (Adds more quotes, details.) By Hassan Hafidh Of DOW JONES NEWSWIRES AMMAN (Dow Jones)--The Central Bank of Iraq is planning to rebase the Iraqi dinar but hasn't decided yet on the timing of the move, the bank said in a statement Monday. "The Central Bank affirms its commitment to its strategic projects, particularly knocking three zeroes from the Iraqi dinar," the statement said. "Despite the technical and logistical preparations for the project we have yet to decide on suitable timing to implement the project," it said. Choosing a suitable time wouldn't be linked to economic aspects only, but rather to the security situation as well, it added. Separately, the bank's senior advisor Mudher Qasim told Dow Jones Newswires that knocking off the three zeroes would improve the value of the Iraqi dinar which is trading Monday IQD1,170 against one US dollar. If the rebase decision is taken it means a current 25,000 Iraqi dinar banknote will become IQD25, and a dollar will equal only 1.17 dinars. The bank said that knocking off three zeroes from the dinar would "improve management of the currency and facilitate cash dealing." The decision was the result of debate with the economic commission at the Iraqi cabinet, it added. Currency rebasings are usually monetarily neutral and are introduced to make commercial calculations easier and cheaper. Turkey, for example, knocked six zeroes off its lira currency in 2005. Russia did the same for its currency. Qasim said one of the reasons for rebasing the Iraqi dinar is because the bank has managed to reduce the country's high rate of inflation. The inflation rate fell to 6.1% in December 2009 from a record high of 60% in late 2006. In July 2004, the now dissolved U.S. civilian authority in Iraq decided to print the current Iraqi banknotes replacing those that used to bear the picture of the former Iraqi leader Saddam Hussein. Iraqis then had three months to swap their old dinars with the new ones. The central bank's advisor said that if the project was implemented the central bank would need to print new banknotes. - By Hassan Hafidh; Dow Jones Newswires; +962 799 831 831; hassan.hafidh@dowjones.com Copyright © 2010 Dow Jones & Co. (END) Dow Jones Newswires 15-03-10 1036GMT Any thoughts!!!!!! http://www.zawya.com/Story.cfm/sidZW20100315000097/Iraq%20Ctrl%20Bank%20Plans%20To%20Rebase%20Dinar%3B%20No%20Time%20Fixed%20Yet

I know this is a lot of nothing, however check out the last few lines... Thanks to this 'illegal' war, Iraqis at last have real hope for the futureBlair will never satisfy those who demand some ritual sacrifice. But Tony Blair's testimony *before the Chilcot *inquiry on Friday will no doubt demonstrate his usual self-assuredness. But he will never satisfy the legions who demand some kind of ritual sacrifice of him. Yet Blair was right to join the invasion of Iraq despite the *accusations that he "lied", "sealed a pact with Bush in blood" and fought an "illegal" war. Despite the killing of thousands of Iraqis (mostly by other Muslims, not coalition forces), and despite the unforgivable failure of the coalition to plan for post-invasion chaos, Iraq today has a far better future than under Saddam Hussein. Remember the context in which Blair joined the US against Saddam. It is crucial. Even before 9/11, Saddam was a massive threat in the region as well as to his own people. He had twice invaded neighbours

This month Iraq will finalize contracts with the likes of ExxonMobil, Royal Dutch Shell and BP to develop some of its biggest oil fields. These giants are among the world's last remaining pockets of so-called "easy oil." They don't require ultradeep drilling or innovative production techniques, just the application of Big Oil know-how. No wonder the oil companies agreed to develop Iraq's fields without even getting an ownership stake in the fields and collecting as little as $1.15 per barrel recovered. Given the size of Iraq's undeveloped giants there are no technical reasons why within 10 years the country can't supplant both Iran and Russia to become the world's No. 2 oil producer after Saudi Arabia. No wonder Iraq holds three of the top 10 fields of the future. The world gets its daily ration of 85 million barrels of oil from more than 4,000 fields. Most of these are small, less than 20,000 barrels per day. Giants, producing more than 100,000 bpd, account for just 3%. Then there's the megafields that gush out 1 million bpd. These are the most important sources of energy in the world--fields worth fighting over. In figuring the top 10 fields of the future, we're not interested in most of the giants of yesteryear, and not necessarily even the giants of today. Just the giants of tomorrow--those fields that might not even be producing yet, but will likely be doing better than 1 million bpd a decade from now. The once and future king of the world's oil fields, Ghawar, in Saudi Arabia, ranks first on our list. It is thought to have had more than 100 billion barrels of recoverable oil in place. At 160 miles long and 16 miles wide it confounds even the most experienced geologists. With something on the order of 60 billion produced over the past 60 years, you'd be excused for thinking that Ghawar was sliding into its twilight years. Yet the Saudis insist that Ghawar is still going strong, producing 4.5 million bpd from six main producing areas with the ability to do 5 million bpd if called upon. The secret to Ghawar's longevity is water injection. Starting in the 1960s Saudi Aramco began injecting water underneath the oil around the outer borders of the field. Today the water flood is up to millions of barrels a day, with the oil floating up to the top of the reservoir on sea of water. In conversations with Forbes in 2008 Aramco executives insisted that by continuing to treat Ghawar with kid gloves they'll be able to coax 4 million bpd out of her for many years to come. Coming in second is West Qurna, in Iraq, home to an expected 21 billion barrels of oil. This month a joint venture between ExxonMobil (XOM) and Royal Dutch Shell (RDSA) was awarded the contract to develop the 9 billion barrel first phase of the West Qurna oil field. They will aim to raise output from 300,000 bpd to 2.3 million bpd. It's tough to make the case that the two biggest oil companies from the countries that invaded Iraq in 2003 are getting a sweetheart deal. The contract calls for the government of Iraq to retain ownership of the field and the oil. Exxon and Shell, as contractors, are to be paid just $1.90 for each a barrel they produce. Third is Majnoon, also in Iraq. At 13 billion barrels, these massive reserves are in a relatively small area near the Euphrates River in southern Iraq. The field's abundance was so mind-boggling that it was named Majnoon, Arabic for "crazy." This easy oil hasn't been developed in part because of its location so close to the Iranian border. In the 1980s, during the Iran-Iraq war, managers reportedly buried the wells, concerned that they might be targeted by Iranian forces. The field produces just 50,000 bpd now, but has the potential to do 1.8 million bpd. The Rumaila field in Iraq, with 17 billion barrels, is the fourth-largest field. In November, British giant BP (BP) and China National Petroleum Corp. won the first oil contract of the post-Saddam era to redevelop Rumaila. Located on the border with Kuwait, the field is already producing 1 million bpd, half of Iraq's total production. The partners intend to spend some $15 billion to treble that to 2.85 million bpd. That output would be enough to put Rumaila in second place worldwide after Saudi Arabia's Ghawar. Here is the link http://finance.yahoo.com/family-home/article/108651/the-worlds-biggest-oil-reserves

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