Why is Iraq not even mentioned in this latest OPEC kerfuffle ?

[dinarham]

 Iraq is the 2nd largest producer of crude oil in this world , 5th largest in oil reserves . I don't get it . Even on FOX , no mention , and looks like some kind of news blackout . 

[Rochester]

Maybe Iraq is not on board with OPEC, is trying to do it's own thing or is still terrified of offending America, after being blown up for ten years. The U.S. is likely trying to get Iraq to act as an independent oil producer, without OPEC limits, pressuring them not to be part of OPEC. Politically now Russia and Saudi Arabia are trying to lower production output, in order to raise the price of oil. Russia of course has lots of reasons they want higher energy prices, like getting rich and screwing over the Americans, financing their aggression against Ukraine. Saudi Arabia goes along, as they want to be able to blame Russia for high oil prices, while getting rich, while having an excuse to becoming less under the American thumb of dominance. Blame Russia, go along with Russia, works for the Saudis.

 

The whole world is politically shifting as other countries vie for more power. This is not like the old days of the 1970s when America could tell countries what to do and they would do as they were told. Those days are gone forever. Joe Biden seems to think its still the 1970. Joe's too old to realize global power has shifted under his feet. However that's just one man. Lots of sharp people still around. They may be lining up Iraq, hoping to disentangle them from OPEC influence, to push for Iraqi oil deals and finalizing the Iraq Oil Law, as well as lining up the money, currency exchange a necessary part of controlling and ramping up oil, so long term Europe doesn't have to freeze in the dark. 

 

Or, maybe I'm just wishful thinking.

[dinarham]

Thank you , Rochester , for your well considered thoughts . OPEC originated in Bagdad years ago ,and they are still a member of OPEC now .  It is my belief that we invaded Iraq for the oil , and that we are still part of the Caretaker government that will be in place until Iraq forms a government . The oil in Iraq is owned by the citizens of Iraq and all who hold IQD  , not oil companies . Often silence speaks a thousand words , no logical reason why Iraq is excluded from this latest OPEC pile of shiite

[wzrdmastr]

On 10/7/2022 at 7:30 PM, dinarham said:

Thank you , Rochester , for your well considered thoughts . OPEC originated in Bagdad years ago ,and they are still a member of OPEC now .  It is my belief that we invaded Iraq for the oil , and that we are still part of the Caretaker government that will be in place until Iraq forms a government . The oil in Iraq is owned by the citizens of Iraq and all who hold IQD  , not oil companies . Often silence speaks a thousand words , no logical reason why Iraq is excluded from this latest OPEC pile of shiite

Didnt OPEC exclude Iraq from being part of their decisions for the unforseeable future?  I remember that being a big thing a while back.  So, Iraq is kind of on their own as far as production and pricing.