Thursday Afternoon Opinions - 5:25 PM MDT - 10/06/2022

[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 

 

 

*** Sandy Ingram  The OPEC+ group has agreed to reduce its daily oil production by an average of 2 million barrels per day.  When you limit the supply the price automatically stays the same or they go up...at the same time this limits the monthly income Iraq can experience thus affecting Iraq's financial status...the OPEC group decided to start applying this reduction in November of 2022...
 

 

[oregonrealtor]

And here I thought that Iraq was exempt from OPEC's rules and guidelines and they could pump and sell as much crude as they wanted.  Lots of articles about that some time ago - of course at the time the gurus said that the RV was imminent because of that wonderful news.  If Iraq is indeed exempt, wouldn't that mean that they could benefit even more from OPEC holding back and artificially keeping prices high(er)?

 

Wait for it..............(high RV prices coming).

[Luigi1]

Iraq will do fine.

If oil stays above $40 a barrel, Iraq will do OK.

That's all that'll be needed to finance the yearly Budget.

 

If oil stays above $100 a barrel, Iraq will do fine even if it's quota is reduced.

Either way, Iraq wins.  IMHO.