Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Adam Drive by chat 2/23/12

kcw

By kcw,
in Chat Logs

 Share

Recommended Posts

dinarslave Newbie

dinarslave

Posted
Posted

Im confused. There are multiple articles floating around that say the budget passed, all of it. Is this post from Adam not as recent as the articles and thus now it has changed to 100% done or are the articles misleading? Thanks for the info Adam.

23 February 2012 - 21H07

Iraq parliament approves 2012 budget

AFP - The Iraqi parliament on Thursday approved a 100 billion-dollar (117 trillion-dinar) budget for 2012, a parliamentary official said.

"Parliament voted today on the annual budget," the official said, adding that "220 members of parliament attended the session, which lasted for seven hours, and they voted on each individual article, and approved them all."

Finance Minister Rafa al-Essawi said on Wednesday that the budget was based on average oil prices of $85 per barrel.

Iraq currently produces about 2.9 million barrels per day, and exported an average of 2.1 million bpd in 2011. Crude sales account for the lion's share of government income.

Oil Minister Abdelkarim al-Luaybi has said Iraq plans to increase production and exports this year to 3.4 million bpd and 2.6 million bpd, respectively.

http://www.france24.com/en/20120223-iraq-parliament-approves-2012-budget

I'm a little confused as well Amal but Adam posted his drive by at around noon and I think the budget got approved after that or at least that is what I am hoping for.

Link to comment
Share on other sites
  • Replies 107
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

Popular Posts

kcw
kcw

[adam montana] ok, here's what I'm hearing [adam montana] and keep in mind this is completely "word of mouth" [adam montana] albeit from an Iraqi who works in a political role in Iraq [adam montan

mrref
mrref

Its just like I thought, the budget did not pass a lot like chapter 7 only partial passed still have a lot of work to do before it is all approved!! People, before you start getting all excited you ha

WowLewi
WowLewi

I hear ya mrref, But consider this possibility for a second: They get the budget, HCL and Chapter 7 - 95% done on purpose (This is their intent). My theory (just a theory) is that Iraq (Shabibi) woul

GI_Jane Newbie

GI_Jane

Posted
Posted

It MUST be a special day...we had a piggy flyby :D

And not just any piggy fly by......a PINK piggy fly by! :lol:

Missed you Cisole! :hug:

I've usually chimed in by now but been under the weather with the flu. Sucks. Anyway, awesome news. Makes me feel better.

Go RV

Hope you get to feeling better Elixer! You need to be in good health to live through the heart attach this RV's gonna cause you to have!!! :lol:

Link to comment
Share on other sites
PD46 Newbie

PD46

Posted
Posted

Adam is clearly working hard to keep everyone informed. I am thankful for this.

I noticed this was posted earlier in the afternoon aroudn 1:30 pm. Since that post from Adam, Iraqi news has been a rollercoaster of articles all day.

Primarily with the agonizing fact that Parliament is now adjourned until March 6th, 2012.

Link....... http://www.ninanews.com/english/News_Details.asp?ar95_VQ=FKGHKK

The news media running around saying the budget passed in full; and Lord knows I'm praying for this to be true.

With an adjournment, they will come back and work roughly 1 week in March, before going back out for 30 days of vacation; only to go back into session in mid-April.

No HCL law, no Chapter 7 removal, no tarriff laws, no banking contract laws.

I find it very hard to believe Iraq will go into an Arab Summitt with no true exchange rate, no recognized globally traded currency, and no economic buying power. In short, the Irqi's will have nothing to brag about to their Arab neighbors.

There perhaps is something that we are not being allowed to fully see.

Come on RV!!!

Link to comment
Share on other sites
ididitfirst Apprentice

ididitfirst

Posted
Posted

I hear ya mrref,

But consider this possibility for a second: They get the budget, HCL and Chapter 7 - 95% done on purpose (This is their intent). My theory (just a theory) is that Iraq (Shabibi) would not want to to tip their hand to an RV which would happen if they were fully released from Chapter 7, the HCL was passed and the budget was approved. If they get them all to 95% (Ready and waiting) then they all three can happen with lightning speed and BAM!!!! we have an RV.

JMHO

WowLewi

i love how you think

  • Upvote 1
Link to comment
Share on other sites
skitealwedrop Newbie

skitealwedrop

Posted
Posted

Let's remain grounded people. I truly believe that we will see our investment come to fruition. As Adam mentioned there are a few obstacles that I hope will be resolved very soon (Chap 7 and HCL). It appears to me that Iraq is making progress. Let's be patient and kind with one another while we wait.

Peace all!

i love how you think

ditto. Wow's post is pretty damn smart.

  • Upvote 1
Link to comment
Share on other sites
oatman_230 Newbie

oatman_230

Posted
Posted

Can someone explain why this is such a BIG DEAL? Is it because of the 100 billion budget amount or something else? I just don't see the big uproar over passing something that is almost 3 months past due...and with have to be done again at years end. Im not being negative, I just do not understand.

Link to comment
Share on other sites
Tirebiter Newbie

Tirebiter

Posted
Posted (edited)

Can someone explain why this is such a BIG DEAL? Is it because of the 100 billion budget amount or something else? I just don't see the big uproar over passing something that is almost 3 months past due...and with have to be done again at years end. Im not being negative, I just do not understand.

As I understand it oatman, there are many things included in the budget that lead to stabilization of the GOI, agreements relating to the HCL, although not passage of the HCL, and just in perspective the fact that they can agree to disagree and put their partisanship aside and pass something that in is in the overall picture to the benefit of the Iraqi populace. Hell, I'm cheering it just because it is something the US can't seem to do. Ultimately, imho, every step the Iraqis take toward anythng that looks like stabilization leads us a step closer to an RV. Still a ways to go I think, but every completed step is a positive one imo.

Edited by Tirebiter
  • Upvote 3
Link to comment
Share on other sites
Shinnidan Newbie

Shinnidan

Posted
Posted

I've usually chimed in by now but been under the weather with the flu. Sucks. Anyway, awesome news. Makes me feel better.

Go RV

:angry: shame on you! you should know better that you not supposed top be playing in the rain w/out ur shirt... :lol: but in any case, try to fly above the weather so that everything will be clear. :D hint: best medicine besides sleep...laughter...keep smiling... :lol:

Link to comment
Share on other sites
Francie26 Newbie

Francie26

Posted
Posted

I hear ya mrref,

But consider this possibility for a second: They get the budget, HCL and Chapter 7 - 95% done on purpose (This is their intent). My theory (just a theory) is that Iraq (Shabibi) would not want to to tip their hand to an RV which would happen if they were fully released from Chapter 7, the HCL was passed and the budget was approved. If they get them all to 95% (Ready and waiting) then they all three can happen with lightning speed and BAM!!!! we have an RV.

JMHO

WowLewi

This makes great sense to me!! Thanks for thinking of it, WowLewi.

Link to comment
Share on other sites
Guest
This topic is now closed to further replies.
 Share
Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Testing the Rocker Badge!

    Take This Quiz

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.

  I accept