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Theseus

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Everything posted by Theseus

  1. Translation: Man in glasses says boogawoogah wah...boogawoogah wah wah...grunt grunt...boogadunga wah..grunt.. snort laughter... ha boogawooga dungadee. Sniff. Swear it is an exact quote! Because unless it is anything but an RV its noise!
  2. Considering oil is accounts for about 85% to 90% of all monies flowing into Iraq and they base their yearly budget on the price per barrel of oil, it most certainly is about the price of oil as to where the IQD starts and eventually goes at this time. The IQD during the time of Hussein was artificially inflated to be what it was. An international currency has to have a price point based off of something or let's try to get oak leaves be traded internationally. I want my MTV!
  3. I am offended by your offense to being offending of me. I asked you what everyone on here has accused me of... I did so through logic. You said you like low gas prices to fill up your car. To do that the price of oil per barrel needs to DECREASE in price. Iraq needs oil to INCREASE in price. So if you want oil to DECREASE in price you are working against what Iraq want - INCREASE in price of oil and an RV. This is logic versus emotion as you displayed. You dream of sugar plums dancing in your head. Hence, the very reason why emotion is bad when you invest! Have said this for a very long time here. Thanks for illustrating the concept. Have a great day! Point. Set. Match.
  4. Well alrighty! You have a choice then, a rollout of the RV that ends with pockets overflowing with cash and a chaffeur and sipping mai tais in Waikiki.... OR lower gas prices to drive yourself around with the kiddies in a 9 to 5 life living paycheck-to-paycheck? (I assume nothing of your circumstances AND hope the chaffeur is not also sipping mai tais in Waikiki).
  5. Does it avoid the cocaine residue too?
  6. Production of additional oil in an oversupplied market only brings the price down. Heck they might as well throw the oil into the wind as much money they are leaving on the table. Oil has been in a downward overall trend since the highs in January. It has its peaks but if the oversupplied market is not allowed to reduce its supply, the price will fall below 45 a barrel. In other words, this is not as good as people think it is.
  7. Some people would take the .02 dinars above the current now.
  8. So much for the "stroke" Maliki had. Or maybe it made him delusional. Nah he was always that way. He figured it worked for the dems to call out their opponents for what the dems did and put it on the the pubs.
  9. Ah so after the majority of fighting is done, NATO sweeps in and claims victory. Yep just like the libtards to lay claim to something they did not do. Remember zero's, to successful companies, "you did not build that, although you did all of the hard work and spent many many late night hours on building it up, the government built it". NATO is going to say well we joined and see what we did, we destroyed Daesh for you. No need for thanks but give us lots of money so our leaders can get even fatter on the backs of the people.
  10. The hopium for now is for EID they announce the RV - June 25. Sit back relax put some barbie dolls on the bbq and make all the girls cry. Because what is summer without a little fun here and there? They should have never made fireworks legal here... things that make you go hmmm!
  11. Maliki has a small clot all right it's called his brain. It needs to be unclotted.
  12. Copper all you need to know is 1) become a VIP and 2) wait for Adam's text. The rest of the time just ride the ride and have fun. You don't have to keep your hands inside the ride the entire time. Go out and enjoy life and when it happens there will be a ding on your phone one moment and the next it be as if the pennies all fell from heaven at once. Until then, trust but verify. Or as someone once said, "Boys, wait until you see the white in their eyes!" Whenever I go to a strip club I always bring coins, they hurt more.
  13. B-52's are on the tarmacs in the continental US. They can be over Iraq in about 18.5 hours. They are always fueled and raring to go. US advisors on the other hand....
  14. Crude oil was flirting with 52 per barrel before the meeting and ended below 50 per barrel at the close of NYMEX today. Not a good indicator of things to come. Iraq's budget is for 45 a barrel. Anything over that can be considered good for Iraq. However, Iraq needs to average about 54 to break even without a deficit for the entire year.
  15. Hamamana humanah, Ralphie boy! Pow! Straight to the moon!
  16. If Kuwait accused Iraq of shirk, not good and it would be the death of everyone in Iraq. Muslims don't use theword shirk unless they really really mean it. The Wahabi's accused others of committing shirk and near conquered the Ottoman Empire. On another note, Iraq has been trying to figure out a way to export more oil beyond the reduction cut set by OPEC. Not including Kurdistan in the cuts could be the loophole is looking for. However, the whole point is to burn the excess on the market up. Until that is done, there will not be an HCL which puts the HCL off into 2018 and the RV until after May/June 2019.
  17. We shall see. CL trading session for NY is in a couple of hours would be interesting to see where the price point starts and goes.
  18. OPEC to Extend Oil Cuts for Nine Months to End Global Glut by Grant Smith , Angelina Rascouet , and Wael Mahdi May 25, 2017, 6:11 AM EDT May 25, 2017, 6:55 AM EDT Keeping curbs through March will ‘do the trick,’ Al-Falih says Brent crude falls on lack of additional action from group 0:120:15 OPEC Said to Extend Oil Production Cuts for Nine Months OPEC Said to Extend Oil Production Cuts for Nine Months OPEC extended oil production cuts for nine more months after last year’s landmark agreement failed to eliminate the global oversupply or achieve a sustained price recovery. Members of the organization agreed to prolong their accord through March, said two delegates familiar with the decision, asking not to be identified before an official announcement is made. Ministers are scheduled to discuss the extension with non-member producers later on Thursday. Six months after forming an unprecedented coalition of 24 nations and delivering output reductions that exceeded expectations, resurgent production from U.S. shale fields has meant oil inventories remain well above targeted levels. While supplies are shrinking, ministers acknowledged that the surplus built up during three years of overproduction won’t clear until at least the end of 2017. Khalid Al-Falih at the OPEC meeting on May 25. Photographer: Akos Stiller/Bloomberg Maintaining the same production cuts through March “is a very safe and almost certain option to do the trick,” Saudi Oil Minister Khalid Al-Falih said at the opening session of the group’s meeting in Vienna. “It’s likely we’ll be balanced earlier than later.” The Organization of Petroleum Exporting Countries agreed in November to cut output by about 1.2 million barrels a day. Eleven non-members including Russia joined the deal in December, bringing the total supply reduction to about 1.8 million. The curbs were intended to last six months from January, but confidence in the deal, which boosted prices as much as 20 percent, waned as inventories remained stubbornly high and U.S. output surged. Cuts Working Al-Falih insisted the cuts are working, saying stockpile reductions will accelerate in the third quarter and inventory levels will come down to the five-year average in the first quarter of next year. While he expects a “healthy return” for U.S. shale, that won’t derail OPEC’s goals, he said. Libya and Nigeria will remain exempt from the output curbs as they restore lost production, according to Al-Falih. Nigerian Oil Minister Emmanuel Kachikwu said earlier in an interview that extending the deal would bring price stability, suggesting a “$50 floor” for oil if producers stick to their cuts. Kachikwu: Members 'Largely' on Board With Extension Kachikwu talks to Bloomberg TV. (Scroll to 2:20 for his comments on oil prices.) Source: Bloomberg Benchmark Brent crude traded at $53.08 a barrel as of 11:54 a.m. in London, down 1.6 percent. Some investors are disappointed after speculating OPEC might announce some additional action, said Giovanni Staunovo, an analyst at UBS Group AG. The oil market is also looking for clues as to what OPEC may do in 2018, a year when U.S. shale output growth is expected to match an increase in demand. There’s concern that OPEC could return to the free-for-all production that caused prices to slump from 2014 to 2016, though Al-Falih has insisted the organization will maintain control. “We have said we will do whatever it takes,” the minister said.
  19. There will be no "operating table" for Maliki because the stroke is like him, a phony. Maliki used it to get himself out of the country. A well-placed drone strike should really give him a stroke of all strokes, grand mal seizure. Giving many Iraqis la petit de Morte.
  20. If, as pointed out in another article, the Kurds will be seceding from Iraq to form its own nation, then let Erbil take on the fiduciary responsibility of the reconstruction. If the GOI takes on the responsibility and the Kurds do secede, Iraq will be left hanging with the bill. Iraq will then have to pay the bill or jeopardize the work Abadi has done to this point with the credit rating, trust, and confidence of Iraq being able to pay off her debt.
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