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View Full Version : REUTERS VIDEO: Iraq's Six Trillion Dollars Revenue Is On The Way



JWing
03-04-2013, 02:25 PM
http://www.musingsoniraq.blogspot.com/2013/03/reuters-iraqs-six-trillion-dollars.html

Screaming Eagle
03-04-2013, 02:48 PM
http://www.musingsoniraq.blogspot.com/2013/03/reuters-iraqs-six-trillion-dollars.html

Their present GDP is ~ $100 billion. To increase that to $6 trillion would require a increase in GDP of 60 times. Maybe the time frame is 50 - 100 yrs.

Here is their last 33 years of oil production progress.

http://www.indexmundi.com/energy.aspx?country=iq&product=oil&graph=production

Dinar_OS
03-04-2013, 04:20 PM
More pipe dreams.
Pie in the sky.
They need to concentrate on basics.
Food, Water, Electrical, Jobs, Housing.

Housing won't come till a decent income can be made.

A page out of the Chinese playbook should be viewed. It's called how to build Ghost Cities. Millions of square for sale but with the average wage of $2.00 a day it's out of reach. They sit empty.

I have to agree with 50 to 100 years just to get up to speed. But we won't need the oil. What then. Dream of what could be or work on what can be.

Confucius would say: Never build a house before building a solid foundation.

RotaryRevn
03-05-2013, 04:28 AM
this video seems to have been removed :(