Thread: Iraq/Dinar News until 5/23/07 Midnight CST

[QUOTE=michael16;200863]It's a rough time but I wouldn't panic.
The political process in Iraq has reached another very critical and important stage. This is the time that will decide if Iraq will emerge as a country that can sustain itself and where groups of people-while have many differences-can share this nation and coexist peacefully.

There's no doubt that this is going to be a difficult journey until key requirements to reconciliation, especially the oil distribution law and the Justice and Accountability law (which will replace the debaathification law) see the light. Many concessions will have to be made by every one of the major constituents of this country before the final compromise is reached.

I could have used only the Thanks Button, but this post has settled my heart. After reading this I understand more "their" methodlogy. Whatever the time frame, they need to get it right. Michael16, keep up the good work.

Originally Posted by bob1940

PAn8tv, I don;t like to sound negative because I AM NOT -----JUST keep seeing things on FOX and CNN that are discouaging. HECK , IF the RV were to Happen ---even at a small rate of exchange----I would be as happy as a pig wallering in a Pig stye, But with all the past failed reports of SOON, SOON, SOON It may Just be In JULY. JMHO!
My SUV (Toyota Rav4 Sl was stolen over this past weekend ) Forgive me if i sound a little negative.. *(Very little.)* I am waiting with Paticene FOR the GREAT RV OF the IQD!!!! whoooot?

Originally Posted by PAn8tv

Oh sorry to hear you got ripped off. Just think how positive you'll be when this thing goes in June and you can upgrade to the FJ Cruiser or Land Cruiser or better yet step up to the Lexus line.

I've lost just about all confidence in the Dinar rving anytime in the near future. I haven't seen any articles that give me hope. I don't think the opening of the ISX in June will make any difference, if they open at all. The GOI is stagnate. Unless things are going on behind closed doors it's unlikely the HCL will be passed before the end of the month. The upcoming Oil and Gas Summit will be as uneventful as the ICI. The poor people of Iraq will become poorer and more will die or leave.

Once again I desperately want to be wrong.

Our day will not be in May.

The right of the citizen to ask the location of the" International Covenant "about plans other fundamental strategy of the State Development 2007-2010, as well as for the international program of the funds and institutional regulations obligations under international donors conference."

He asked : "How can they reconcile the mechanisms of this system and the requirements of" the international community ", which did not mention the mechanisms work and how to deal with the international funds, especially given that the two systems retain international players themselves. both organizations or States which is needed to be addressed by the government and international parties."

He said that external funding "needs to be a substantive discussion." It pointed out that the figures and facts "According to the availability of some $ 17 billion international monetary reserve in the Central Bank of Iraq, as well as the amount of eight billion dollars representing financial assets in the Iraqi Development Fund deposited in the Federal Bank in New York, added to the absorptive capacity (executive) of government agencies, which do not permit the holding of any investment agreement is important, as the experience of past years, as it has been unable State Bozaratha different from the cashing of 10% of the investment budget allocations for 2006, " pointing out that the 2007 budget "allocated about 10 billion dollars in the investment program for the current year."

He doubted that the "execution rate unchanged as it carries great significance to the Iraq problem lies not in the search for external sources of funding, whether grants or loans, no indication of the weakness of the justifications official media that accompanied the results of the meetings of Sharm el-Sheikh. " He concluded that the reasons Hafiz recession and the economic deterioration in Iraq "include internal and in the first instance the absence of security and stability and increasing attrition, humanitarian and physical weakness of the State and its inability to carry out normal functions." He emphasized that "the real solution focused on solving the problem governance, which ensured that the real reasons for the stability and security and the restoration of effective state in the form of natural, a matter that needed to another interview. " He pointed to a point considered "very important", which meant that if the International Covenant year plan for the development of the Iraqi economy, as understood by some paragraphs and government statements, outgoing "constitutional duty to proceed Council that the Iraqi parliament," the "Law
Translated version of http://www.almowaten.com/econo my.html&langpair=ar%7Cen&hl=en&ie=UTF-8&oe=UTF-8&prev=%2Flanguage_tools

Hmmm . . . this 8B/US$ will certainly help their bottom line . . .

Best . . . RR . . .

Originally Posted by stargate-sg13

I've lost just about all confidence in the Dinar rving anytime in the near future. I haven't seen any articles that give me hope. I don't think the opening of the ISX in June will make any difference, if they open at all. The GOI is stagnate. Unless things are going on behind closed doors it's unlikely the HCL will be passed before the end of the month. The upcoming Oil and Gas Summit will be as uneventful as the ICI. The poor people of Iraq will become poorer and more will die or leave.

Once again I desperately want to be wrong.

Our day will not be in May.

The HCL means Nothing!! The HCL is an Invention of the Big Oil Companies and the Iraqis's will never pass it. Contracts can be signed and Oil Exploration can go on without the HCL...

Originally Posted by stargate-sg13

I've lost just about all confidence in the Dinar rving anytime in the near future. I haven't seen any articles that give me hope. I don't think the opening of the ISX in June will make any difference, if they open at all. The GOI is stagnate. Unless things are going on behind closed doors it's unlikely the HCL will be passed before the end of the month. The upcoming Oil and Gas Summit will be as uneventful as the ICI. The poor people of Iraq will become poorer and more will die or leave.

Once again I desperately want to be wrong.

Our day will not be in May.

I admit that I am purely a novice at this. But based on what Off-Shore, Scota, WmKnowles and a host of others report almost daily I can't help but be optimistic. I don't know what you're looking for in a good article, but I've seen many. From debt relief, foreign country investment, contracts being lined up, finding more oil than originally thought, the returning of Sadaams gold, Middle East nations supporting the security measures and wanting Iraq to succeed, the ISX, Iraqi laws being enacted, wow, what else have I forgotten. I wasn't wealthy when I came into this venture, and will soon have paid off what I invested. So if it never goes off, I at least took a chance and dreamed a little bigger for awhile. Even if it still takes another year or two, so what, what you reap in the end will be that much sweeter. There are many in my close circle that I would like to financially help now and that is my only regret that the reval won't come sooner instead of later.

all these laws which need to be passed can't be passed as long as the Iraqi government keeps postponing them....they need to be held accountable...and at the present time they are not....you have to show up for work to be able to vote....and as it seems most of these Iraqi government officials miss going in to work...so no vote....no law passed.....its time we quit sending our money and military over there unless we start to see results.....in my opinion they need to clean sweep the whole government because they all have their own agenda....they seem to care less about their own people who are starving.....Pat

Originally Posted by bigopie

all these laws which need to be passed can't be passed as long as the Iraqi government keeps postponing them....they need to be held accountable...and at the present time they are not....you have to show up for work to be able to vote....and as it seems most of these Iraqi government officials miss going in to work...so no vote....no law passed.....its time we quit sending our money and military over there unless we start to see results.....in my opinion they need to clean sweep the whole government because they all have their own agenda....they seem to care less about their own people who are starving.....Pat

I don't know what the answer is but I don't think withholding funds or the military is the answer. If we withdraw our support what happens to Iraq then, Iran, Russia or China takes over? In cleaning house, I don't think that is the answer. You have to remember, this whole democratic system is basically brand new to this generation. The U.S. has been at this for how long and we still screw it up. There is going to be alot of growing pains. It is going to take the Iraqi people some time to learn to trust. It is going to take some time for them to grow into their new found freedom.

Originally Posted by PAn8tv

I don't know what the answer is but I don't think withholding funds or the military is the answer. If we withdraw our support what happens to Iraq then, Iran, Russia or China takes over? In cleaning house, I don't think that is the answer. You have to remember, this whole democratic system is basically brand new to this generation. The U.S. has been at this for how long and we still screw it up. There is going to be alot of growing pains. It is going to take the Iraqi people some time to learn to trust. It is going to take some time for them to grow into their new found freedom.

Iraq a "terrorist Disneyland" if U.S. goes
From ReutersTue, 15 May 2007 15:36:35


By Mark Trevelyan, Security Correspondent

LONDON (Reuters) - A U.S. troop pullout from Iraq would leave the country as a potent launchpad for international terrorism and Washington would be forced to go back in within a couple of years, a leading al Qaeda expert said on Tuesday.

Rohan Gunaratna told a security conference at Lloyd's of London insurance market that Iraq, like Afghanistan in the 1990s, would become a "terrorist Disneyland" where al Qaeda could build up its strength unchallenged.

If U.S., British and other coalition troops withdrew from Iraq in the next year, he said, "certainly the scale of attacks that would be mounted inside Iraq, and using Iraq as a launching pad to strike other Western countries -- countries in Europe, North America - would become such that after two or three years, the U.S. forces will have to go back to Iraq".

The Singapore-based academic and writer said the epicentre of international terrorism had already switched from Afghanistan to Iraq. "In many ways, the terrorist threat has now shifted 1,500 miles closer to Europe."

Republican President George W. Bush is locked in a standoff with a Democratic-led Congress over funding for the war in Iraq, now in its fifth year, in which more than 3,400 American troops have been killed.

Democrats are pushing for a time frame for withdrawal, something the White House opposes as sending the wrong message to U.S. forces, allies and enemies alike. Some Republicans are also questioning the war more publicly.

Britain, the leading U.S. partner in Iraq, is scaling back its troops there, although the idea of an immediate pullout was rejected this week by Gordon Brown, the man expected to succeed Bush's close ally Tony Blair as prime minister next month.

Addressing the same conference, a top British security official acknowledged home-grown Islamist militants had exploited the British troop presence in Afghanistan and Iraq for propaganda purposes.

But the official, Sir Richard Mottram, said any decision on withdrawal should be taken based on its impact on the two countries, not its effect on the views of radicals in Britain.

"I'd be very cautious about withdrawing from Afghanistan in circumstances where the field was left to the Taliban," said Mottram, Permanent Secretary for Intelligence, Security and Resilience at the Cabinet Office. He declined comment on Iraq.

A former head of Britain's foreign intelligence service MI6 described Gunaratna's analysis as convincing.

"Clearly al Qaeda are focusing on Iraq now, and focusing on some sort of propaganda victory over the United States," Sir Richard Dearlove told reporters.

"Whether that's an actual victory or not, if they can claim in the Muslim world that they've done well, then that puts us in a very difficult position. This is really an aspect of withdrawal that hasn't been properly considered. That's why I think we can't just let Iraq go its own way."

Since this is a slow news day or week, I found this long article today. Usually would not post the whole thing, but not much to read. Please excuse if parts have laready been posted..Hi gert.

Iraq: According to an IHS report current oil production could double in the near term

Last April IHS, a global provider of technical information and consulting services, announced that Iraq’s oil reserves could be as high as 200 billion barrels. The important aspect of the study is not only the potential for attracting foreign investments, but also the potential for the production of 100 billion barrels in the country’s western desert region.

Donatella Scatamacchia

Equilibri.net (15 May 2007)


The Iraq Atlas, an overview of all known prospects and fields in Iraq based on the data accumulated by IHS, contains details of 435 fields as yet to be explored or outwith those currently exploited for commercial purposes, and 81 productive fields; the reserves have be revaluated according to new data and the number of productive fields has been reviewed and revised. Amongst the technical information contained in the Iraq Atlas are details of the new discoveries in Kurdistan and the potential of 100 billion barrels of oil and a consistent quantity of gas in the Sunni dominated Al-Anbar province.

The IHS report, over and above being the first instrument allowing foreign petrol companies to access reliable data concerning geology, costs, and risks, is also the first example of a report in which the Sunni desert is considered as rich in oil reserves; a fact of particular importance given the economic, social, and political consequences.

Petrol in the ‘Sunni desert’: what are the consequences?

The existence of petrol in the Sunni region of Al-Anbar could represent a small step forward from the vortice of malcontent that has characterised local Sunni society since the fall of Saddam Hussein. The Sunnis are the group that, more than Kurds and Shia, have reacted negatively to the Iraqi Constitution - approved on 15 October, 2005 – in as much as they remain ‘squeezed’ between Shia and Kurds in a desert area notoriously lacking in resources. The Sunni’s sense of frustration lies in Article 1 of the Constitution which defines federalism as the State system. The Sunni fear the consequences believing that they will accentuate diversities and competition amongst the various regions. The control of resources is strongly tied to federalism: Article 109 states that although the Federal Government is responsible for the management of oil and gas extracted from the fields currently in production, and that a percentage of the extracted resources are destined to the areas which in the past, according to Saddam Hussein’s policies, suffered the greatest discrimination. As regards future discoveries and extraction, their management is to be handled by each region according to its particular necessities.

According to the information, preceding the IHS report, regarding the location of resources the Sunni minority resulted as being effectively, politically, and economically in a position of inferiority. The news of a possibility to produce around 100 billion barrels of oil in the Al-Anbar region changes perceptions and perspectives. The Sunni could perceive the presence of oil and gas as an element that would align them with the position of the Kurds (given that in Iraqi Kurdistan there are a number of untapped resources), through the direct management of new fields. Were specific regions, and the country on the whole, to enjoy a greater stability, which would allow modernisation and the construction of new infrastructure, the Sunni population would have far less of a problem in accepting the Constitution, and in particular the articles which in the past represented obstacles to stability in the region.
Economic impact

The news of a doubling in the amount of Iraqi petrol resources cannot but have a direct impact on economic planning, as well as influencing political and social issues. Iraq’s economy depends upon income from the petrol industry; the problem is when and how these resources can be used and according to which political conditions. In the delicate and complex situation that the country finds itself in one of the priorities is reconstruction of infrastructure, including that linked to the petrol industry, another is a program aimed at attracting foreign investment in order to generate economic growth and create job opportunities, yet another priority is financing the development of the industrial and agricultural private sectors. The revenue that the hydrocarbon resources could generate represent the country’s only financial solution, however, these revenues are tied to export capacity and world market prices. Currently export capacities are far below the country’s productive capacities, a fact evidenced in the recent HIS report. The resources require, above all, investments and rational development policies, if the political conditions do not bring about socio-economic stability then Iraq’s economy will not develop. Corruption, sabotage, criminality, and polarisation all augment the risks for foreign companies considering investing in Iraq’s petrol fields, to date the majority have expressed the opinion that it would be preferable to await ‘better times’. In any case the doubling of potential reserves could be a factor that induces Government companies, from countries such as China, to take risks. More than for profit Chinese state companies would be motivated by the necessity to assure regular petrol supplies in order to manage their economy, in fact Chinese energy requirements are so great as to induce companies to accept the high security risks.
The petrol law and its opponents

An important element for the future management of Iraq’s petrol reserves is the ‘petrol law’. The proposed law, which establishes the rules governing the distribution of related income, was approved by the Iraqi Council of Ministers, after months of negotiations, at the end of February; now the proposal has to be examined by Parliament where a number of issues have been raised, above all by Kurds and Sunnis. The Kurds raised objections to the inclusion of a new rule, by the Ministry of Petrol last month, whereby the management of 93% of the known oil reserves, and the contracts with the Iraqi National Oil Company (INOC), are, on the contrary of the previously approved law, entrusted to the central government. A similar measure would seem to go against the interests of the Kurdish population given that their objective is that of obtaining full and autonomous control of the massive resources in Iraqi Kurdistan; in fact the Kurds have recently discovered two fields in northern Iraq and have signed contracts with a Norwegian and a Turkish company (something considered illegal by the Minister of Petrol, Hussain al-Shahristani, because ratified before approval of the ‘petrol law’). On their part the Sunnis, represented by 44 seats in Parliament, have announced their opposition to any discussion of the law in Parliament due to concerns over the considerable role that the law gives foreign companies. In addition to this, as opposed to the Kurds, the Sunni have always pushed for a central control of the petrol industry in order to guarantee an equal distribution of revenue.
Conclusions

Most probably the discovery of 100 billion barrels in the Sunni region of Al-Anbar could drive the Sunni political class to support a petrol law that gives greater autonomy to the individual regions. In any case a change of course is fundamental to attracting foreign companies, increasing petrol production levels, and rebuilding the country’s economy.To date foreign petrol companies have been somewhat reticent in regards to sending equipment and personnel into a war zone. The approval the ‘petrol law’ and the HIS report - which evidences the advantages the enormous profits that a foreign country could make in Iraq - both result as being fundamental to a reduction in hostilities. From a domestic socio-economic point of view the Iraq Atlas is a source of optimism for the Sunni populations who, since the fall of Saddam Hussein’s reign, have been relegated to a marginal position in the country’s political and economic life.

Originally Posted by rvalreadydang

LOl exactly jeckly/hyde perhaps.....but dang it, it's hard to tell through cyberspace, lesson learned, I WILL NOT LET MY KIDS NEAR MY PUTER ALONE, LOL

Exactly,

But what I saw has no excuse, and in my opinion, are unforgivable. I'm no Saint, but that was just plain rude, crude and lude behavior. There are many grey areas we must all monitor, but come on, this person was so far over the line I wanted to reach through cyberspace and set him straight the old fashion way. By the way, I did not ban anyone, but this turkey disserved to be banned, and I never said that about anyone before.

Good luck and health to all, Mike