RV Checklist

[Chillin' out]

OK, so I posted this about 6 weeks ago................

Not much has changed, only the budget passed.......will check back in another month

GO RV!

Repost from early February 2011:

Of course this is only my opinion....

But instead of letting rumors and gurus get us down, how about a little common sense about what is NOT done yet.

So here is my checklist:

1) Fully announced government including all remaining ministries.

Key issue: Allawi and the new "oversight" group, The National Council for Strategic Policy is essential to checking Malikis power. Either they will form this group, empower it, or we will see Maliki balk and grab for more power. If that happens, this thing may get strung out for another 6 months or more.

We need official announcement (not some rumor from Okie that its "done")

2) HCL done. Maybe its done in the Erbil agreement and the Kurds oil production is a clue that it is actually done.

Personally I dont think so. The Iraqis took nearly a year to form a government (and its still not officially done), do you really think they will move a lighting speed to agree on how to divide up oil profits?? I see a long protracted fight over this one. Probably need a completed census for the arguments to even begin. Havent heard anything lately about the census.

3) Chapter 7 fully released. Get the Kuwaitis happy for crying out loud! Getting closer??

4) To a lesser extent, budget announced. May not be a true "key" to the RV, but it ties in. (ONE OFF THE LIST!!)

Hopefully we get lucky and this all gets done before DFI protection runs out in June.

But remember, this is really all about OIL and who controls and profits from it. That means GOVERNMENT FORMATION and HCL.

Until then, save the RV rumors.........please! We are all too tired!

Read more:

[imgesing]

Introduce the lower denoms... I believe this is important too. Right?

JIMHO

[Off-the-grid]

My understanding is that the lower denoms have been printed/minted. They will not be circulated until the RV happens, yes?

The HCL may be pretty far along, being worked on behind the scenes rather than in open session? I saw something about it being voted on or read in parliament, or maybe the cabinet.

Peace and Prosperity