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hopefullbk
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Let me preface the below by saying I have no idea who this Rudy guy is so I have no opinion of credibility one what or the other. I ignore most chat bs anyways but I thought the math and oil production #'s were interesting. DON'T SHOOT THE MESSANGER!

RUDOLPH POST # 14 of 33

LETS FOCUS ON THE POSITIVE

WE HAVE SEEN THAT A LOT HAS MOVED EXTREMELY FAST IN IRAQ, MOST OF US HAVE BEEN IN THIS INVESTMENT FOR QUITE SOME TIME. NEVER HAVE WE SEEN SO MUCH PROGRESS AS WE HAVE THIS PAST 2 WEEKS. IN REALITY THIS IS THE FIRST TIME I CAN REALLY SAY TO MYSELF “WE ARE VERY CLOSE TO THE END”.

BUT FOR SOME IT SEEMS NOT TO BE GOOD ENOUGH, OR MOVING AS QUIK AS THEY WOULD LIKE.

PLEASE FAMILY HAVE PATIENCE AND MATURITY TO REALIZE THAT THESE ARE HISTORIC TIMES, WHEN INTEL IS ANALYZED MANY FACTORS COME INTO PLAY, THE BUZZ IS STARTING TO HIT THE FINANCIAL COMMUNITY, THERE’S A LOT OF HEARSAY AND A LOT OF DISINFORMATION, IT IS COMMON IN THE FINANCIAL MARKETS TO CREATE CONFUSION, IT KEEPS EVERYONE AT BAY AND IT ALLOWS FOR MANUEVERING IN WAYS WE CANT REALIZE. SPECULATION IS THE KILLER OF ALL GOOD PLAYS. IT CAN DRIVE A PLAN INTO THE GROUND OR IT CAN UPLIFT IT IN WAYS THAT WOULD BENEFIT US. SO SURELY YOU CAN UNDERSTAND THAT IRAQ NEEDS TO BENEFIT FROM THIS MONETARY INSTRUMENT, IT NEEDS TO PROTECT AND GUIDE IT, TO AVOID POWERPLAYS THAT CAN HURT IT, IT NEEDS TO BE RELEASED WHEN LEAST EXPECTED. REMEMBER MONEY IS MADE WHEN IT GOES UP AND A LOT MORE IS MADE WHEN IT GOES DOWN, IT CAN HURT BOTH WAYS.

LET ME EXPLAIN A FACTOR THAT IS VERY IMPORTANT FOR THE VALUE OF THE DINAR

WE ALL HAVE READ THAT THE BIG DISCUSSION WITHIN THE GOVERNMENT OF IRAQ IS ITS 2011 BUDGET

WHAT ARE BUDGETS BASED ON?

OUR BUDGET IS BASED ON CONSUMERISM, WE ARE A NATION THAT CONSUMES, THAT IS WHY THE WORLD LOOKS AT US TO PURCHASE EVERYTHING THEY PRODUCE

WITH IRAQ, THE ECONOMY IS BASED ON A RESOURCE NATION, 90% OF THERE ECONOMY IS BASED ON THE PRODUCTION OF OIL. THAT IS WHY IT IS SO IMPORTANT AND HAS BEEN A TOPIC OF DISCUSSION ABOUT INCREASING THER OIL PRODUCTION AS QUICK AS POSSIBLE. NOW THERE ARE REPORTS THAT IF IRAQ WHERE OUT OF THE OILGAME, OIL COULD POSSIBLY BE AT THE END OF 2011 AT $140.00 TO 170.00 A BARREL. IS IT GOING THERE, I BELIEVE EVENTUALLY IT WILL BE AT THAT PRICE ANYWAY, I THINK YOU HAVE HEARD THIS QUITE A LOT.

THE PROBLEM IS THAT OPEC WANTS TO CONTROL THE PRODUCTION OF OIL COMING OUT OF IRAQ, BUT WE DON’T WANT IRAQ TO JOIN OPEC, THEY ARE GETTING A LOT OF PRESSURE FROM THERE ARAB BROTHERS ABOUT JOINING.

IF THEY JOIN AND THEY ARE CAPPED AT A PRODUCTION LEVEL, WE WILL SURELY SEE OIL ABOVE $200.00 DOLLARS A BARREL. IF THEY DON’T JOIN AND ARE A (FREE PRODUCTION RESOURSE) PROVIDER WITHOUT LIMITS, THEY WILL BE THE STABALIZER OF OIL PRICES.

NOW THIS IS WERE IT GETS COMPLICATED, REMEMBER WHEN WE TOLD YOU THAT THE UNITED STATES HAD AN AGREEMENT WITH IRAQ THAT FOR ALL OUR FUTURE CONTRACTS WE WOULD BE PURCHASEING OIL AT $42.00 A BARREL AND THAT WE HAVE AN OPEN FUTURE CONTRACT WITH IRAQ (WE CAN BUY AS MUCH AS WE WANT WHEN EVER WE WANT).

SO EVERY FINANCIAL MARKET IS PREDICTING GLOOM FOR OUR ECONOMY, THE RUMOR IS OUR ECONOMY IS COLLAPSING, WELL LET TELL YOU A LITTLE SECRET ONE I HAVE PERMISSION TO TELL.

WHEN OIL HITS $140-$200, AND EVERY CONSUMING NATION IS PURCHASEING AT THE WORLD MARKET PRICE TO KEEP THERE NATIONS MOVING FORWARD, WHAT PRICE DO YOU THINK WE WILL BE BUYING AT ($42.00) WHILE THERE ECONOMIES ARE FEELING THE GRIND, WE WILL BE PROFITING $100-$160 PER BARREL. GUESS WHAT NEW BUSINESS WE WILL BE IN (YES , OIL BROKERING)

YOU SEE ONLY 31% OF THE NATION OF IRAQ HAS BEEN RESEARCHED FOR OIL PRODUCTION, THERE IS VAST AMOUNTS OF OIL BENEATH IRAQ, THEY STILL HAVE TO RESEARCH 69% OF THE COUNTRY. REMEMBER THE OLD SAYING “IF YOU CANT BEAT THEM THEN JOIN THEM” DO YOU THINK THIS PLAN ONLY WAS ABOUT THE DINAR, NO WAY, THAT IS JUST A QUICK FIX FOR OUR NEAR FUTURE ECONOMY, IT’S A KICK START. WHEN THESE GUYS SAT DOWN 25 YEARS AGO AND REALIZED WHAT HAD TO BE DONE TO GET TO THIS POINT AND CONTROL THE GAME, THEY LOOKED AT THE WHOLE HORSE AND BUGGY. YOU SEE IT’S A WIN/WIN SITUATION, WE CONTROL PRODUCTION, WE GET IT AT OUR PRICE, WE PURCHASE FUTURE OIL CONTRACTS AND BIDD THEM IN THE OPEN MARKET AT CURRENT DAILY PRICEING, WE ONLY USE WHAT WE CONSUME AND SELL THE REST, DID YOU REALLY THINK IT WAS ABOUT THE DINAR, GET REAL THAT’S JUST ICEING ON THE CAKE.

YOU SEE YOU CAN NOT HAMPER A COUNTRY LIKE THE UNITED STATES , WE WILL NOT ALLOW OTHERS TO DICTATE OUR ECONOMY, OR TO HOLD US HOSTAGE TO THERE PRICEING, THE WEALTH OF THIS NATION IS ABSORBED BY THE MIDDLE EAST, OVER A TRILLION DOLLARS LEAVES OUR SHORES FOR OTHER BANKS, NEVER TO BE SEEN AGAIN, UNLESS WE BORROW IT BACK. WELL THOSE DAYS ARE NEARLY OVER, WHY DO YOU THINK WE ARE IN AFGANISTAN, (CROSSWAYS, GLOBAL POSITIONING, AND BY THE WAY, THE LARGEST LITHIUM RESOURCE IN THE WORLD). THE NEXT ENERGY WAVE, MIGHT AS WELL CONTROL THAT TOO.

OK, LETS GET TO THE BUDGET, REAL FAST, WHEN THE FIGURED OUT THERE BUDGET IT WAS WITH AN OIL PRICE OF $62.50 A BARREL, WITH OIL NOW AT $81.00 THAT IS AN INCREASE OF $18.00 DOLLARS A BARREL. IF WE DO THE MATH

LETS USE A DAILY PRODUCTION OF 3.1 MILLION BARRELS FOR 2011 EVERY DAY

3,100,000 X 62.50 A DAY = 1 BILLION 973 MILLION DOLLARS

3,100,000 X 81.00 A DAY = 2 BILLION 511 MILLION DOLLARS

NOW X 365 DAYS A YEAR ITS OVER 1 TRILLION DOLLARS A YEAR,

NOW OIL INDUSTRY RESOURCE A MONTHLY PUBLICATION HAD AN ARTICLE LAST MONTH ABOUT, RETOOLING AND BUILDING NEW WELLS IN IRAQ, THERE STATEMENT WAS THAT IRAQ WILL BE THE FASTEST RETOOLED AND PRODUCTION BUILT OIL RESERVES EVER SEEN IN THE LAST 30 YEARS OF THE OIL INDUSTRY. THEY FEEL THAT WITHIN FIVE TO SEVEN YEARS IRAQ WILL BE PUMPING 12-13 MILLION BARRELS A DAY, DO THE MATH, DO YOU THINK OIL WILL BE AT $85.00 A BARREL IN 5 YEARS, NO WAY JUST IN ANNUAL PRODUCTION THEY WILL BE A NATION THAT HAS AN ECONOMY OF 6-10 TRILLION DOLLARS, I HAVE NOT EVEN INCLUDED NATURAL GAS OR OIL BY PRODUCTS. WHERE DO YOU THINK I WILL BE INVESTING WHEN THE DINAR REVALUES, YES IN THE NEW (IRAQ GLOBAL EQUITY FUND).

SO BACK TO THE 2011 BUDGET, IF THEY REVALUED TODAY, THEY WOULD HAVE A SURPLUS IN THERE BUDGET OF 55MILLION A DAY/ 20 BILLION FOR THE YEAR.

THIS IS WHERE IT GETS COMPLICATED THEY HAVE TO GO BACK AND REANALYZE THE NUMBERS, REMEMBER THEY BUDGETED WITH A $62.50 BARRELL ITS AT $81.00.

NOW WE KNOW THAT EVERY IRAQI WILL GET A DOLLAR AMOUNT BASED ON PRODUCTION, THEY ALREADY BUDGETED AT $62 NOW THEY HAVE TO LOOK AT REDISTRIBUTION OR PUSHING FUTURE PROJECTS MUCH FASTER INTO THE 2011 TIMELINE. SO DO YOU REMEMBER WHEN I SAID AT FIRST THAT MUCH COMES INTO PLAY WITH INTEL, AND WITH THESE GUYS NOTHING COMES EASY, SO THEY NEED HELP, REMEMBER THIS IS REALLY THERE FIRST ATTEMPT AT A DEMOCRATIC BUDGET, WITH 4 DIFFERENT FACTIONS WITH SAY SO, THERE TRYING TO FOLLOW THE KURDS, BUT THEY HATE THE KURDS, SO IT MAKES HARD TO FOLLOW HE WHO YOU HATE, ITS LIKE DRAGGING A DONKEY UP A MOUNTAIN, I THINK YOU GET MY DRIFT.

FAMILY THERE IS SO MUCH TO THIS , THAT I WISH IT WAS JUST AS EASY TO PUSH THE BUTTON, BUT OUR NATIONS FUTURE REALLY DEPENDS ON THIS, ITS OUR ONLY SHOT IN THE HOLE, WE REALLY NEED THIS TO WORK OUT, AND WITH MURPHY ALWAYS AROUND THE CORNER, SOMETHING CAN GO WRONG, AND WITH WORLD CHESS YOU ONLY GET ONE CHANCE TO BEAT THE QUEEN

I WANT TO TELL YOU I AND FRANK BELIEVE IN OUR HEARTS THAT THIS WILL NOT LAST MUCH LONGER, IMHO I BELIEVE SHABIBI, THAT IT WOULD OCCUR IN 2010. SO I PRAY THAT BY DEC,1, 2010 IT IS A DONE DEAL

RUDOLPH

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One minor mistake in regards to this post, unless I am mistaken, Iraq was one of the founding members of OPEC, in fact I think the original OPEC documents were signed in Bagdad.

Just sayin.

Does feel like this is building to a head though, hope he's right about December 1. Go RV.

Yea, for some reason I thought that too. I was just more interested in the #'s. Amazing numbers if it in fact accurate.

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You know it's funny but I just read today, in Iraq Business News an article going along with all that retooling etc. that he was talking about. I think it was Global companies moving aggressively blah blah blah but it went right along with this guy. Hmmmm..........

I'm thinking too that if we actually do have this $42 guarantee, does it matter if they join OPEC? We still have the contract.

Thanks hopefullbk cool post. B)

Edited by JugDawg1
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Thanks for posting Hopefullbk.

I appreciate what Rudy had to say here. His points regarding the US are certainly in line with what I am gathering. For what it's worth, I posted some comments last evening along these lines. I see that the American Dollar is Growing...The Pound is slipping...The YEN, FRANC, and EURO are all slipping as the American USD is Growing, which is just the opposite of what Global Economic voices have been predicting for a while now. Stability in Iraq will come in time once the RV occurs. Iraq is destined to become a Major Player in the Global Economy...The IQD RV It’s going to be a definite shot in the arm to the Global Economy. . . . I’t will certainly realieve the Pressure.....! It's complex for sure and a very Big Picture!

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One minor mistake in regards to this post, unless I am mistaken, Iraq was one of the founding members of OPEC, in fact I think the original OPEC documents were signed in Bagdad.

Just sayin.

Does feel like this is building to a head though, hope he's right about December 1. Go RV.

fyi....

The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of an agreement in September 1960 by five countries namely Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. They were to become the Founder Members of the Organization.

These countries were later joined by Qatar (1961), Indonesia (1962), Socialist People’s Libyan Arab Jamahiriya (1962), the United Arab Emirates (1967), Algeria (1969), Nigeria (1971), Ecuador (1973), Gabon (1975) and Angola (2007).

From December 1992 until October 2007, Ecuador suspended its membership. Gabon terminated its membership in 1995. Indonesia suspended its membership effective January 2009.

Currently, the Organization has a total of 12 Member Countries.

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But, there's more...We have to remember...It is always about the "OIL".....and "TERRORISH"...The Iraqi membership status to OPEC may have changed since 2003. The Bush strategy was to control Iraq, break OPEC’s stranglehold on oil markets, force oil prices down, and stop Islamist terrorism access to petroleum financing. It was never just about going after Saddam and his weapons of mass destruction. Bush went after OPEC and the global financial infrastructure that supports terrorism. And, we are starting to see this "play-out"...according to the PLAN. Watch the ERUO slip and the USD climb. The RV is part of the PLAN...A BIG Part. God Bless All.

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Ole G.W. Bush (0il man) not so dumb after all, you Libs and Demo's, how do you like him now? "Miss me Yet?" Thanks Rudy. Semper Fi

thNkz for the post Rudy!

Penqin.... Bush may be a smart man and about to make us very rich but please don't forget this man is not your friend. His grandfather was a Nazi banker and all three ... Prescott gb and gwb are all members of the skull and bones. I have heaps to say on this subject but will leave it at that. As far as I'm concerned he is a liar a crook and a murder and will never deserve my praise. Jmo

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"""THE PROBLEM IS THAT OPEC WANTS TO CONTROL THE PRODUCTION OF OIL COMING OUT OF IRAQ, BUT WE DON’T WANT IRAQ TO JOIN OPEC, THEY ARE GETTING A LOT OF PRESSURE FROM THERE ARAB BROTHERS ABOUT JOINING.

IF THEY JOIN AND THEY ARE CAPPED AT A PRODUCTION LEVEL, WE WILL SURELY SEE OIL ABOVE $200.00 DOLLARS A BARREL. IF THEY DON’T JOIN AND ARE A (FREE PRODUCTION RESOURSE) PROVIDER WITHOUT LIMITS, THEY WILL BE THE STABALIZER OF OIL PRICES."""

Ok, he might have interesting numbers... but his hole story is based on Iraq and OPEC. The problem is Iraq is a member of OPEC (BUT... Iraq currently does not have a cap on production under OPEC... It is the only one that doesn't but I am sure that will change soon as it effect the price of oil in a negetive way)

You see as explained to me Iraq is OPEC's "Wild Card" Because Iraq has no cap currently, it allows OPEC to make prices go down or up in a instant protecting thier interests.[/b]

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"""THE PROBLEM IS THAT OPEC WANTS TO CONTROL THE PRODUCTION OF OIL COMING OUT OF IRAQ, BUT WE DON’T WANT IRAQ TO JOIN OPEC, THEY ARE GETTING A LOT OF PRESSURE FROM THERE ARAB BROTHERS ABOUT JOINING.

IF THEY JOIN AND THEY ARE CAPPED AT A PRODUCTION LEVEL, WE WILL SURELY SEE OIL ABOVE $200.00 DOLLARS A BARREL. IF THEY DON’T JOIN AND ARE A (FREE PRODUCTION RESOURSE) PROVIDER WITHOUT LIMITS, THEY WILL BE THE STABALIZER OF OIL PRICES."""

Ok, he might have interesting numbers... but his hole story is based on Iraq and OPEC. The problem is Iraq is a member of OPEC (BUT... Iraq currently does not have a cap on production under OPEC... It is the only one that doesn't but I am sure that will change soon as it effect the price of oil in a negetive way)

You see as explained to me Iraq is OPEC's "Wild Card" Because Iraq has no cap currently, it allows OPEC to make prices go down or up in a instant protecting thier interests.[/b]

Great points here Incountry..I sent you a PM...

Edited by Inside Track
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Ole G.W. Bush (0il man) not so dumb after all, you Libs and Demo's, how do you like him now? "Miss me Yet?" Thanks Rudy. Semper Fi

Is this the justification of going to war on false pretenses? We may prosper from it, but many lost their lives in combat.

And as an Independent who voted mainly Rep this last election, I still don't miss him.

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This all sounds very interesting and I am in no way an educated economist. The only thing that I am confused about is this: Most, if not all, Middle Eastern countries are in the oil business. Their Governments control their oil industries. But htat is not the case with the U.S. We are a "Free Market" society and our oil industry is controlled by companies such as Texaco, Shell, Exxon, etc. Our government isn't in the oil business. So who made this deal for $42 a barrel?

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This all sounds very interesting and I am in no way an educated economist. The only thing that I am confused about is this: Most, if not all, Middle Eastern countries are in the oil business. Their Governments control their oil industries. But htat is not the case with the U.S. We are a "Free Market" society and our oil industry is controlled by companies such as Texaco, Shell, Exxon, etc. Our government isn't in the oil business. So who made this deal for $42 a barrel?

Supply and Demand makes that barrel cost that amount. OPEC is able to make it turn a little here and there because they have the members to do so and control a good bit of the WOY (world oil yearly).

As it has been said… oil prices are poised to jump up again soon and this time they are going to stay that way for a while. They will drop and plateau but higher then what they are now. That is just my opinion.

I could elaborate but a little research on Google and learning how to spot trends will enable anyone to do the same.

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