Latest Guru Opinions - Early Thursday Morning - 10/18/2018

[ronscarpa]

These came out from Adam yesterday, but were not included in yesterday's Guru Posts:

10-18-2018   Newshound Guru Adam Montana   Article:  "OPEC Secretary General calls on oil producing countries to increase production"  ...It was not too long ago that the "Oil and Petroleum Exporting Countries" came to an agreement (unanimous, if I recall correctly) to work together on regulating the production of oil, as a sort of "emergency" measure to keep the markets under control in some uncertain times. They all agreed to control their production. They made a big deal out of it.  Iraq's position in this agreement is HUGE... mostly because they are barely even mentioned in all 39 of those pages!!! ...(post 1 of 2)....

 

10-18-2018   Newshound Guru Adam Montana   Iraq, with a very significant chunk of the black gold available to us on this planet, somehow slipped through the cracks and didn't even have to raise a hand in agreement with this major agreement that was put in place by some tiny insignificant countries like Saudi Arabia, Kuwait, wait a minute... those are NOT tiny or insignificant! Quite the opposite, in fact - they are major players. Some of the OPEC members have substantially less resources than Iraq.  This is important to remember because to this very day, Iraq has not made any promises to abide by the current agreement. This gives them the full ability to stockpile reserves, and flood the market at a moment's notice, which could bring in an enormous pile of cash to use in any way they want...You know, like... funding an RV. ...(post 2 of 2)... 

 

 Blessings...RON