Doc31

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Iraq allocates USD 100 mln for 2011 Arab summit what do you suppose they do when they have a summit that we don't do? I mean for $100 M USD they could get a good start on hosting the Olympics! This number doesn't seem out of line to anyone? Do they have a G5 give-away door prize planned?

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Here here!

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I am curious as well. Months ago ... maybe even a year (or more) ago there was a bunch of talk about the HCL ... I was a newbie and didn't even know what it was. Shortly thereafter someone published that they had "gotten their HCL" and the switch was thrown on the pipeline pumps and they began pumping oil in earnest. I didn't investigate it further since apparently the problem was solved and pumping oil seemed like a step forward. Truthfully, I don't know whether the aforementioned story is true, whether what we are hearing is a distraction, or whether the HCL is something that is altered as time or the situation dictates or what. Is there someone with insight who can "school" us on this subject? Thanks Doc31

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DON'T TEASE ME! ... Deported to Kenya ... now there's a newsworthy item ... or would it be to where he officially gave up his citizenship for free schooling ... or ... never mind ... him sitting in lockup waiting to be deported is good enough for me!

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“The projects include the establishment of a power plant with a production capacity of 600 MW to use it in the oil projects, which are being implemented by foreign companies in Basra,” Haidar Ali Fadel told Aswat al-Iraq news agency. “The company expressed readiness to implement agriculture projects in south of Basra, as well as other projects in transport sector,” he added. You can't build a 600 Megawatt power plant with toilet paper currency ... upon quick Googling (a new word) ... price on the low side $600M to $1B and up depending on the technology required, hardships, etc Go RI/RV IQD! Thanks for the post

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Yep, you've got it ... 1 divided by 26 is $.0385~ If you anticipate it going to a nickel it would be 20 ... 1 divided by 20 is $.05 100 would be $.01 50 would be $.02 33.33 would be $.03 25 would be $.04 I don't disagree that it has not done this yet ... simply ready your brain for when it does!! GO RV VND!

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Perhaps this will shed some light on the situation. I have a small group in SW Florida. I received an email from a confused member this morning entitled "What's Up Doc". Below is the email and my reply. It fits the circumstances, the math, and has links. ********************************************************************************* Morning I copied this from DV and checked the sites below… Did someone move the decimal point and we missed it? I'm used to seeing a comma where there is a decimal point. Whats your opinion? Dave found these links on another site, take a look. 1. http://www.lookatvietnam.com/ Right Hand Side mid page 2. http://www.vietnamfe...fo/maininfo.php German Site? – Scroll to the bottom 3. http://www.vnnnews.net/ Half way down the page – Right Hand Side 4. http://smartfinance....c-dai-han-.html Underneath the picture in the center of the page 5. http://www.phucuongg...gory&id=3&sort= Right side of the page at the top 6. http://eng.trustbank...&sdID=30&stID=1 The Scroll on the LEFT **************************************************************************************** Dave You are correct ... in many currency postings (for all sorts of currencies) a decimal point is often used instead of a comma. You will freqently see it on ebay and barnstormers for european sales. Wait until you see a comma UP ABOVE the numbers as in many Arabic articles ... your brain had better have had some coffee ... mine went "tilt" the first time I saw that. The problem in this instance is that all of the relationships to all of the other currencies are preserved BUT MOST CONFUSING OF ALL IS THAT IF YOU DIVIDE 1 BY THOSE NUMBERS THEY ALL TRANSLATE TO JUST OVER A NICKEL for the VND! I did notice that a couple of them are the same website imbed ... in other words the external source is the same and will list exactly the same numbers. Just replace the decimal with a comma and it's pretty much the same rate that it has been. AGAIN ... I am totally prepared to be wrong ... Go RV of the VND! Peace Doc

June 1, 2010 Iraqi oil: There’s plenty of it, but can Opec cope?Carl Mortished, International Business Editor Recommend? Inch by inch, Iraq is crawling out from beneath the rubble of a warzone and building an energy colossus. Increasingly, too, there is help at hand to turn its oil and gas resources into gold. A clutch of big oil multinationals has entered into service contracts with the country to develop several huge oilfields, including Rumaila, a monster that already delivers 1.1 million barrels per day, almost half of Iraq’s current output. BP is charged with raising the bar at Rumaila and by 2016 it expects output to reach a plateau of 2.8 million bpd, a level greater than the present output of every Opec state except Iran and Saudi Arabia. Others have joined the drilling frenzy. Shell, ExxonMobil, Italy’s Eni and Statoil of Norway are working alongside Russia’s Lukoil and Petronas, the Malaysian company, and this month CNOOC, the Chinese state oil company, put its shoulders behind Iraq’s oil reconstruction. The total potential is about 12 million bpd by 2016, equal to existing estimates of Saudi Arabia at maximum throttle. But Iraq is a huge headache for Opec, the oil cartel of which it is a passive member. Iraq has not had an oil output quota since 1998 because of the sanctions against Saddam Hussein’s regime. Its quota was almost equal to Iran, at 3.9 million bpd, reflecting the rivalry of the two countries, but war and neglect took their toll on Iraq’s oil industry and output is now 2.4 million bpd. The question is how Opec will bring Iraq back into the fold. Unless global demand for crude soars over the next five years, big cuts in the output of Saudi Arabia and the other Gulf states will be needed to accommodate it. http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article7141342.ece

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