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Adam Montana Weekly 29 March 2019


Adam Montana
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Thank you Adam

 

Adam, question for you.  Since Iraq can't give US Dollars to Iran what currency did they use to start paying Iran?  And if it was dinar do you really think this will revalue because Iran will come out smelling like a rose if it were to revalue ?

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Sure would be nice to see Iraq regain their wealth, independently distributed to their citizens.

 

The people of venezuela could use some help. And with a positive report and long term positive improvements getting back to the people of Iraq it may help build trust of the intentions of the USA. 

 

Now, the greed of human nature and the ungrounded fiat currency experiment that's another problem in and of itself. A problem without borders.

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Adam, I think you might be not understanding the price of oil. There are many different types of oil around the world. Some oils are much cleaner and lighter to use and take less work to turn into fuel. 

 

The $60 mark for the price of a barrel of oil that you are quoting is WTI Crude. This stands for West Texas. 

 

You will see when you look up the prices of oil that they usually speak of WTI and Brent Crude. Brent Crude is worth currently $68.39 per barrel of oil. 

 

Iraq's oil isn't quite as valuable as Brent (which stands for oil extracted from the North Sea) but it's value is somewhere in between WTI and Brent. In other words, Iraq's oil has been higher than $60 for quit some time. 

 

Just thought I would pass that info along. 

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