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Theseus

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Everything posted by Theseus

  1. As soon as Trump finishes the Oath of Office, he should tweet the following word to the former President: @Obama Sad!
  2. Around 35 people have been killed and 40 injured after a gunmen dressed as Santa opened fire in a nightclub in Istanbul. Armed police are on the scene at the Reina club in the Turkey's biggest city and it is believed the perpetrator may still be inside. Initial reports claimed there were two shooters, and that they were wearing Santa costumes during the attack, according to CNN Turk. One gunman remains hiding in the toilets after the shooting, local media claim. The attack happened after midnight celebrations for 2017 (Photo: Twitter) Ambulances line up on a road leading to a nightclub where a gun attack took place (Photo: REUTERS) The shooting is the latest devastating incident in Turkey (Photo: REUTERS) For the latest updates read our live blog here: Turkey 'terror' attack: Live updates as gunfire reported in Istanbul nightclub on New Year's Eve 'injuring 50' Pictures and video show armoured vehicles surrounding the venue after the incident which began around 1.20am local time. Security services said an operation to deal with the gunman is ongoing after the attack on the club, said to have had as many as 600 people inside at the time. Istanbul's governor Vasip Sahin said the assailant, armed with a long-barrelled weapon, killed a policeman and a civilian outside the club in the Ortakoy district before entering and firing at partygoers at around 1.45am local time. "Unfortunately (he) rained bullets in a very cruel and merciless way on innocent people who were there to celebrate New Year's and have fun," Mr Sahin said. Clubbers reportedly jumped into the waters of the Bosporus strait to escape. British tourists have been warned to "remain vigilant" in Turkey. The Foreign Commonwealth Office (FCO) said UK tourists should follow the advice of local authorities while remaining vigilant. The FCO was attempting to find out whether any British nationals were injured in the attack at the club, where more than 500 revellers were seeing in 2017. A spokesman said: "We are in touch with the local authorities following reports of an incident at a night club in Istanbul." Images posted online claim to show a suspected gunmen inside the club (Photo: Twitter) Separate video sources appear to show the main dressed in a white outfit and hat (Photo: Collect Unknown) READ MORE Angela Merkel tells Germany Islamist terrorism is biggest challenge facing country in 2017 It was estimated up to 800 people may have been in the Reina nightclub at the time of the shooting. Located in the Ortakoy district, it is one of the most well-known venues in Turkey and is popular with the city's rich and famous. Armoured police vehicles outside the club (Photo: REUTERS) Reports of gunfire from famous Istanbul, Turkey nightclub Reina (Photo: Twitter) READ MORE Man arrested for shouting 'bomb' repeatedly at New Year's Eve festival in Berlin Celebrities including Sting, Paris Hilton and Gisele Bundchen have visited in the past. Istanbul had been on high alert for any terror attacks, with some 17,000 police officers on duty in the city. Terrorists from the Islamic State (IS) group and Kurdish rebels targeted Istanbul and Ankara several times inflicting a death toll of more than 180 in 2016. Turkish-backed rebel groups in Syria have been targeting IS militants. http://www.mirror.co.uk/news/world-news/istanbul-terror-attack-major-police-9544670
  3. Looks like they will be under Chapt VII of the UN Charter until after the final report - due September 30, 2017. That is just in time for the new Iraqi budget for 2018.
  4. This article is not about the RV on 1-1-2017. The standards being applied has to do more with the below article posted from DinarThug in the rumor section: CBI warns banking offices violation of the pricing of the dollar Vowed to CBI, Sunday, to take legal measures, "tight" against the violation of banking offices to the official dollar exchange rate, noting that the high dollar prices due to speculation on the black market. A spokesman for the Acer Jabbar Bank in a press statement, said that " the Central Bank will take new legal action against the tight banking offices contrary to the official dollar exchange rate over the next few days." He added that "those measures aimed at reducing the dollar and support the Iraqi dinar against other foreign currencies and reduce dependence on the black market price." Jabbar said that "all banking offices monitored by the bank is not possible for lack of a sufficient number of employees," adding that " the reason for the continued rise of the dollar due to speculation on the black market." http://www.alghadeer.tv/news/d.....ail/48636/ Tying the two together only shows that they are taking measures in which to control the rising spread between the dollar and the dinar at the current exchange rate. A 1-1-2017 RV would be nice but it's more of a dream at this point than what will become a reality. Keep grounded, watch, listen, and learn to what is happening and you will see the forest through the trees. A few other articles have been posted on this today.
  5. The Craziest Oil Price Predictions For 2017 By Tsvetana Paraskova - Dec 22, 2016, 3:06 PM CST Predicting where oil prices would go next month or next year has always been a game of hit and miss, all the more so in the past two years since the oil price crash began. Analysts have forecast prices in the range US$10 to US$70 at various points this year, and actual prices have also had a bumpy ride, with WTI Crude ranging from below US$30 in January 2016 to a 17-month high briefly touching over US$55 on December 12, 2016. Heading into 2017, the oil price predictions by major organizations and investment banks are generally not widely diverging and hovering in the US$50-$60 range, but there have been some wilder viewpoints that are phenomenally bullish or direly bearish. In February of this year, when WTI was just over US$31, Brandon Blossman at Tudor Pickering Holt & Co said he expected oil at US$70 by the end of the year, and at US$90 by the end of next year, commenting on the Colliers International Trends 2016 Commercial Real Estate Market Update, as quoted by Houston Agent Magazine. This prediction came less than a month after Standard Chartered had said it expected oil to hit a low of US$10 this year, a level not seen since 1998. Both forecasts missed by miles. By June this year, prices had touched US$50, but not much more. Related: Oil Rises On Weaker Dollar, Stronger U.S. Economic Growth It was in June that Raymond James’ Senior VP Pavel Molchanov said that global inventories would reverse their growth and start declining in the second half of the year and accelerate the decline in 2017. Raymond James forecast WTI at US$75 in the first quarter next year and at US$80 in the fourth quarter of 2017. Six months later, with oil trading 20-ish-dollars below the Raymond James forecast, Molchanov continues to be bullish on oil after the OPEC deal to curtail output. On 30 November, he said that with global demand “quite strong” and “in very good shape”, oil prices in 2017 have to be “meaningfully higher, even after the recent rally, to support a more sustainable level of investment”. In a Reuters poll of 29 analysts and economists carried out after the OPEC deal, Raymond James had the highest 2017 forecast for Brent price, at US$83 per barrel, while the poll saw Brent averaging US$57.01 next year. On the opposing side is Shawn Driscoll, portfolio manager at the T. Rowe Price New Era fund, who told Barrons.com earlier this month that “we’re in a secular bear market for oil”, expected to go on for 10 to 15 years. Other analyst projections are “massively” underestimating how quickly and how big the U.S. shale comeback will be, Driscoll said, adding that he sees oil at below US$50 at the end of 2017, and a “dip below $40 a barrel” at some point in 2018. Most of the other projections in the past month or two—prompted by the pending OPEC deal and then the cartel’s agreement to cut output--have not only talked oil prices up, but made more analysts optimistic that an agreement would speed up the drawdown of the global oil glut. The market is likely to move into deficit in the first half next year by an estimated 600,000 bpd, said the International Energy Agency (IEA), as long as OPEC and non-OPEC producers manage to (and are willing to) stick to promised cuts. More than a month before the deal was announced, the World Bank raised its oil price forecast for 2017 to average US$55 next year, or US$2 more than its earlier forecast. At oil above US$55 next year, energy consultancy Wood Mackenzie sees the oil and gas industry turning cash flow positive for the first time since the downturn, and expects 2017 will be a year of “stability and opportunity” for the sector. Related: How Much Biofuel Do Santa’s Reindeer Need? In its latest Short-Term Energy Outlook from December 6, the U.S. Energy Information Administration (EIA) expects Brent Crude prices to average US$51.66 in 2017, with WTI Crude prices averaging US$50.66 next year. However, EIA warned: “The values of futures and options contracts indicate significant uncertainty in the price outlook.” BofA Merrill Lynch - one of the optimistic viewpoints among the investment banks – said in its 2017 Market Outlook that its forecast for WTI Crude is US$59 and Brent – at US$61. BofA Merrill Lynch also factors in a rebound of the U.S. shale patch in its price projections. “Pricing forecasts embed a sequential 500,000 barrel-per-day increase in U.S. crude production, raising domestic output to 9.2 million barrels a day by the end of 2017,” the bank said. As always, the game of predicting oil prices will have its winners and losers next year, too. But 2017 has some major wildcards for oil prices in store, including, but not limited to: Would OPEC stick to promised cuts? Would those cuts rebalance the market at some point next year? Even if they start the year with sticking to cuts, would some OPEC and non-OPEC producers start cheating and renege on pledges once they see more revenues at higher oil prices and be tempted to get more revenue? How fast U.S. shale would rebound? How would this affect global supply and oil prices? How would OPEC react to the U.S. shale resurgence? Let the game begin, and beware of projections, which range from $10 to $90. By Tsvetana Paraskova for Oilprice.com
  6. Last I checked you can search through google for Bin Laden's Fatwa he issued around 1997. It's also true for the shiite's aren't muslim fatwa. I know a few Coptics who have had fatwas placed upon them due to speaking out against Islam. These fatwas were published in an Egyptian newspaper along with a few non-Coptic individuals. A religious edict or fatwa is actually not to be taken lightly. A fatwa can be carried out by any muslim. This means it is the muslim's duty to carry out the wishes of this edict which is said to the will of their so-called god. Ask Daniel Pearl how lightly he took his fatwa. Oh wait he lost his head and it was videotaped and uploaded to the web. The person who did it is sitting in Gitmo right now. Bin Laden's fatwa caused the deaths of over three thousand people at the World Trade Center, the Afghan War and the Iraqi War. And to think he was a member of the House of Saud.
  7. Fatwas are religious edicts declared by an Islamic cleric. Sometimes these fatwas mean death but not in every case. While not well known, bin Laden issued a fatwa against the USA using verse 9:5 from the Quran as justification for the killing of Americans. Another fatwa issued in the 1950's from a Mullah atthe Islamic University in Egypt declared that Shiite's were not muslims. This gave justification for killing shiites by the sunnis. The Mullah was a sunni muslim or more specifically a salifist muslim. Maliki needs to be named in this fatwa as a corrupt politician! This is the only fatwa, naming Maliki, I will agree with. Think if Hitlary and the gang had a fatwa of this type against them. She wouldn't be diningin NYC sad faced and alone! There are many fatwas issued each day. Another more famous fatwa was that calling for the death of the author Salmon Rushdie <sp?>.
  8. One of the reasons not to go with the current realized ppb is that in the Northern Hemisphere it is winter tme. I know everyone knows this. During this time, oil is expected to go up naturally and drop during the Summer months. This seasonal fluctuation can drastically change your calculated result by several factors.
  9. The calculation only holds true should the ppb of oil remain stagnant for 365 days. Like all commodities the ppb fluctuates where you should have put in a MOE into the calculation because should the actual results come in lower than calculated this could be a problem. I would have preferred to see an average expected percentage increase/loss over the next year and then calculated the expected loss or gain from the derived cost ppb over that period of time. I would not have gone with the current realized ppb.
  10. Actually this is what the Kurds want you to think. However, according to the Iraq Federal Constitution Article 112 the oil in Iraq belongs to its citizens, which includes the Kurds. Since the Kurdistan Region portends to be semi-autonomous and their goal is to seek their own country made of bits from Turkey, Iran and Iraq, yes they believe the oil is theirs. However, KRG is a region in Iraq like Alaska is a state in the USA. The yearly budget negotiations is to give 17% of the proceeds from the sale of oil from the KRG back to the KRG is to run their government. Thus far, this does not include the individual parcelling of revenues to individual citizens. This is akin to Alaska getting money from the revenues from the oil as a state and then Alaskan citizens get a yearly stipend from the sale of oil from the entire United States produced (provided the USA did that and to which it does not). It is the Alaskan State government that chooses to give a stipend to its citizens from the sale of oil. Notice Alaska would be the Kurdistan Region and the USA would be the Iraq government.
  11. This is a misquote from the bible. The actually quote from Paul is from 1 Timothy 6:9-10 "For the love of money is a root of all kinds of evil, and in their eagerness to be rich some have wandered away from the faith and pierced themselves with many pains." (NRSV Catholic Edition) I debated this long time ago on my high school debate team. I won the debate and the team won that tournament.
  12. Here is one of the lastest versions of the HCL. The Federal Oil & Gas Draft Law The Iraqi Government Version English Translation Compiled by the Federal Ministry of Oil Presented to the Council of Ministers on 25th August 2011 Translated by Iraq Energy Institute NOTE: Notice the title and notice the date. Article (2) The aims of this law shall be: First: The ownership of Oil and Gas in Iraq is for all the people in all regions and governorates.
  13. Hate to be a Debbie Downer but this law was passed for the Kurdistan Region and the last paragraph explicitly states for the "Region". The "Region" is the Kurdistan Region. The history of the HCL has at one time been approved by GOI Parliamentary Cabinet in May 2007. Maliki shelved it in December 2007. Since Parliament of the Iraqi Government has never voted on the draft legislation which is completely different than the KRG legislation, the HCL has never passed much less voted on. The Iraqi Oil and Gas Law continues to reside at the Cabinet level due to the Maliki influence but was sent back to committee in December/January the year Abadi took office. Iraq has several oil producing regions. Kurdistan is only one of those regions, there are 8 to 9 more that the GOI has to contend with in addition to the whole of Iraq not just one "region".
  14. 4 – Significant Bronze Age city discovered in Northern Iraq Archaeologists from the University of Tübingen perform excavation work just 45 kilometers from IS territory – the settlement may have been an outpost of the Akkadian Empire. Archeologists from the Institute for Ancient Near Eastern Studies (IANES) at the University of Tübingen have uncovered a large Bronze Age city not far from the town of Dohuk in northern Iraq. The excavation work has demonstrated that the settlement, which is now home to the small Kurdish village of Bassetki in the Autonomous Region of Kurdistan, was established in about 3000 BC and was able to flourish for more than 1200 years. The archaeologists also discovered settlement layers dating from the Akkadian Empire period (2340-2200 BC), which is regarded as the first world empire in human history. Find out more Excavating the eastern slope of the upper part of Bassetki, where several fragments of Assyrian cuneiform tablets were discovered. Photo: P. Pfälzner http://www.heritagedaily.com/2016/12/top-10-archaeological-discoveries-of-2016/113678
  15. In January 2010, ExxonMobil Iraq Limited (EMIL), an affiliate of Exxon Mobil Corporation, signed an agreement with the South Oil Company of the Iraq Ministry of Oil to rehabilitate and redevelop the West Qurna I field in southern Iraq. The agreement was signed in Baghdad by representatives of the Ministry of Oil and members of the West Qurna I contractor consortium, which includes ExxonMobil as the Lead Contractor with 60 percent interest, the Oil Exploration Company of Iraq with 25 percent interest and Shell West Qurna B.V., a Royal Dutch Shell affiliate with 15 percent interest. ExxonMobil Iraq Limited as Lead Contractor will work to rehabilitate and redevelop the West Qurna I field. ExxonMobil leads the industry in development and production technologies and capabilities, and will apply its worldwide expertise to ensure the success of this project. In Iraq, as in all the places we work, ExxonMobil is dedicated to providing for the safety of our operations for our employees, contractors and communities where we operate. We recognize that our employees are our most valuable asset, and invest in their safety, health, training and development. So yeah, Rex is the man with the plan to take this on.
  16. The rest of the oil producing regions have seen what Erbil has done by deadlocking Iraq. The HCL cannot go forward until all regions get their comeuppance and that could take awhile. Whether the price per barrel was 115 or is 25 USD, they will negotiate until the cow jumps over the moon. I believe there are no more than 9 to 12 oil producing regions in Iraq. Once their shares have been decided on then they need to decide on what each individual citizen receives and whether or not to tax that income. Then once the HCL has been passed there must be other things that must be established before individuals citizens get paid and this is outside of the financial realm. Non-oil income in Iraq needs to increase etc. Even if the HCL were to be passed tomorrow or the middle of next year, Iraq still has too much on its plate to RV. This is not negative because I still see Iraq Rving just not in the next three years.
  17. The prices reflect those entries in which people like you and I have contributed to that site. The price can be listed in almost any currency. It is a way to compare items in different cities and different countries. Let's say you were taking a trip to Japan and wanted to know what to budget for. It is also a way of figuring out if you were going to relocate for a job opportunity to determine whether the proposed salary will go further, less or be equal to where you are living now. It is usually better than saying there is an overall difference in cost of living. This can also be done with cities in the USA. For example, I live in a place in the USA call it LA LA land. I want to know how far my dollar will go in New Orleans.
  18. mylilpony the three year guestimate is based on the three-year Stand-by agreement that Iraq sent to the IMF and was approved by both parties in July 2016. Also, no matter how fast Trump is or will be at making policy and changing previous EO's, not taking excuses etc. it will take up to a year before we see a trickle and 2 years before that trickle turns into a genuine flow. The American economy is like a cruise liner. It takes a bit to change course, especially as drastic as what needs to be done to clean up the mess the POSTUS and Pehosi and Black Eyed Mafia Punching Bag Reid left us with. It's kind of like you deposit a check into your bank account and your bank doesn't approve the funds until 5 business days later.
  19. I say at least three years not in three years. There is a difference as the latter is exact; the former is not.
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