Saturday Lunchtime Opinions @ 1:20 PM CDT - 6/04/2022

[ronscarpa]

Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON

 

 

*** Pimpy  People keep asking me IMO how far do I think we are away from a rate change...even if we started getting on track right now, it's going to be at least 2 years...they still have to stabilize everything.  Now that's not to say that all of a sudden one day they might make some kind of announcement and lo and behold the rate changed and I was wrong.  That's always possibility but I doubt it..[Post 1 of 2...more to come]

 

*** Tivon  Article: "Al-Kazemi's Advisor : The governments measures will support the provision of oil in the markets" He is basically saying the FSL on its own can cover 85% of everything that the budget of the previous years would have if it was approved including the 2022 Budget... if you don't follow anyone else in this investment besides Al-Kazemi...It's Financial Advisor Mazhar Saleh & Deputy Speaker Hakim Al-Zamili...

 

*** RVAlready  Oil price is $119.70 per barrel. With Iraq’s low extraction costs, they are raking in the bucks.  This means a 2 million barrel supertanker holds about $240,000,000 worth of oil. Nice pocket change.  Iraq exports 4.6 million barrels per day, or 2.3 supertankers worth per day, for a daily take of about $550 million per day. A pretty nice haul, at an extraction cost of about 3%. Plenty of profit to go around.