Parliament will discuss tomorrow the controversial oil

[Jackfrost8]

Baghdad (July 2) and the agency (Lucky) Italian News-House of Representatives member Iraqi reporter for the oil and gas it Jaber Khalifa Jaber that the Iraqi Parliament will discuss the draft law of oil and gas in the meeting tomorrow, Tuesday. He added Jaber told (Lucky) Italian news agency that "members of the House of Representatives will discuss this draft in the meeting tomorrow, after distributing copies of the draft project on them." He expected that "These extensive discussions of the draft and exciting as the law of great importance to the Iraqi economy because it regulates all operations relating to Iraqi oil wealth, which is the source President of the natural wealth in the country." He stressed, "could not predict what would result in a vote on whether the law will not consent parliamentarians from the fact that the draft had been the subject of discussion has been changed three times because of objections by the political blocs to the content of some paragraphs of the law as well as the observations made by the masses on the other." He expected Jaber deputy, the Islamic Virtue Party, "take the law discussions and vote for a long time, but pointed out that this depends mainly on the nature of the synergies between the political blocs in parliament." The Law on Oil and Gas, the controversial laws critical of the Iraqi economy because it will invest the oil fields and extraction operations and contracting with foreign companies, and because it is of significant voices of some politicians and oil experts and economists calling for the approval till now, As described by some experts that develop the Iraqi oil wealth under the domination of foreign companies because of the privileges granted to them when they enter the field of investment in the Iraqi oil sector. It is noteworthy that Iraq, which possesses the second largest oil reserves in the world, exports about two million and 600 thousand barrels per day from the southern fields, as faltering exports from the northern fields to the Turkish port of Ceyhan oil pipeline because of the targeting by terrorist groups almost constant

marsadiraq.com (http://marsadiraq.com/)

[oldskiier]

Now thats what I'm talking about !!!!! Some Good News !!!! :happy64: :happy64:

[Howler]

I wish they would stop "discussing" it and rubber stamp that Baby!!!!

[cruszala]

Its probably already done and they will announce tomorrow! IMO. I thought I read on another post that its possible parliment was meeting in Jordan. Just adds more speculation.:D

[AJOB]

They are finally going to start talking tomorrow !!!! Maybe a vote by Sunday? Ya think , Ya think !!! :happy64: :happy64: :happy64: :happy64:

[Gilligan]

It's great having an unlimited number of Sundays to get-r-done by!

[Crow]

A R/V this Sunday? Great! :happy64: Just joking!

[Gilligan]

Go Cro Go I'm very optimistic that one of these Sundays is going to be our day. I mean it!@!!!!

[po-cajun]

Don't start the Sunday thing again!!!!!!:lmao:

[berkman64]

Don't start the Sunday thing again!!!!!!:lmao:I hear Yah...........:lmao:

[oldskiier]

A R/V this Sunday? Great! :happy64: Just joking!

Not this Sunday ....The 15th...2 weeks for the iarqis and me to get in the ISX at these still low prices.....then RV for the opening to the world August 2nd ..!!!!!!!....wishfull thinking ...LOL..............:lmao: but maybe uh ??

[AJOB]

I didn't say RV I just said pass the Law:no:

[sgman48]

I like the way you think OS....we can all hope and pray!!!!!

[williambedloe]

"Talkers are no good doers."

William Shakespeare, Henry VI

[F-12]

"Talkers are no good doers."

William Shakespeare, Henry VIthey'll talk about the rescheduling..:drunk:

[nile]

heard it alllllllllllllllllllll before..

:lmao: :lmao:

but saying that, it maybe on CNN tomorrow night after they pass it and were all celebrating and nile looks stupid for doubting them...

na... i think im safe ;) :lmao:

who wants a bet with me a bomb goes off near or on the parliament delaying the discussions......

[po-cajun]

It says they will DISCUSS the oil law... They been Discussing this for a year now!! They need to VOTE on it!!!!! Already!!!!!

[oldskiier]

Baghdad (July 2) and the agency (Lucky) Italian News-House of Representatives member Iraqi reporter for the oil and gas it Jaber Khalifa Jaber that the Iraqi Parliament will discuss the draft law of oil and gas in the meeting tomorrow, Tuesday. He added Jaber told (Lucky) Italian news agency that "members of the House of Representatives will discuss this draft in the meeting tomorrow, after distributing copies of the draft project on them." He expected that "These extensive discussions of the draft and exciting as the law of great importance to the Iraqi economy because it regulates all operations relating to Iraqi oil wealth, which is the source President of the natural wealth in the country." He stressed, "could not predict what would result in a vote on whether the law will not consent parliamentarians from the fact that the draft had been the subject of discussion has been changed three times because of objections by the political blocs to the content of some paragraphs of the law as well as the observations made by the masses on the other." He expected Jaber deputy, the Islamic Virtue Party, "take the law discussions and vote for a long time, but pointed out that this depends mainly on the nature of the synergies between the political blocs in parliament." The Law on Oil and Gas, the controversial laws critical of the Iraqi economy because it will invest the oil fields and extraction operations and contracting with foreign companies, and because it is of significant voices of some politicians and oil experts and economists calling for the approval till now, As described by some experts that develop the Iraqi oil wealth under the domination of foreign companies because of the privileges granted to them when they enter the field of investment in the Iraqi oil sector. It is noteworthy that Iraq, which possesses the second largest oil reserves in the world, exports about two million and 600 thousand barrels per day from the southern fields, as faltering exports from the northern fields to the Turkish port of Ceyhan oil pipeline because of the targeting by terrorist groups almost constant

marsadiraq.com (http://marsadiraq.com/)

It might be a reading ????...............:wave:

[tiffanbean]

Who knows maybe they pass it tomarrow that would be sweet... Probably not but you can wish right???:) If it happens Ill take it!!!:happy64:

[Midnight Tide]

Who knows maybe they pass it tomarrow that would be sweet... Probably not but you can wish right???:) If it happens Ill take it!!!:happy64:


Is that another pic of you Tiff? If so all I can say is GA GA GA Geogous.

But COME ON GOI, PASS THE OIL LAW ALREADY

[tiffanbean]

Is that another pic of you Tiff? If so all I can say is GA GA GA Geogous.

But COME ON GOI, PASS THE OIL LAW ALREADY

Yep thats me this weekend... Went up to minnesota! it was alright....
But I agree pass the dang thing already.

[tifflog]

Is that another pic of you Tiff? If so all I can say is GA GA GA Geogous.

But COME ON GOI, PASS THE OIL LAW ALREADY
That looks another vote for the "Hottie of IIF" to me!!!!

[tiffanbean]

That looks another vote for the "Hottie of IIF" to me!!!!
You and that dang thread:lmao: :lmao:
but hey if its a vote for me...:drunk:

[tifflog]

You and that dang thread:lmao: :lmao:
but hey if its a vote for me...:drunk:
What can I say! They love you!!! People's choice I guess. And we all know a picture is worth a 1000 words.

[PeaceKeeper]

Yeah baby, getting closer everyday. I would love to wake up tomorrow with even better news. July is shaping up to be a make or break month HCL then ISX early Aug.
Whoa whooooooo

[richsoon]

They have been discussing forever now! Just hope the pass the thing SOON.:lmao:

[Texas Stratocaster]

I was looking on the web to try to educate myself and found this,



How to Value a Currency

With the US government doggedly clinging to the notion that China is manipulating its currency and insisting that the communist country be punished accordingly, it bears asking “how can we determine that a currency (in this case the Yuan) is in fact undervalued, and if so, by how much. One notable economist has laid out three general techniques for “valuing a currency,” which may prove useful to all of you amateur economists.
First, there is the concept known as “purchasing power parity,” which suggests that a pair of currencies should fluctuate in value relative to each other based on changes in their respective interest rates and inflation. Second, there is the notion of a “sustainable” or “fundamental equilibrium” exchange rate which brings a country’s current account into balance- neither deficit nor surplus. Third, historical exchange rate data can be regressed against various economic indicators (productivity, employment, etc.) in order to distill the select few that had the most direct effect on the currency in the past. The most current economic data can then be plugged into the resulting equation and tested against actual exchange rates. However, while economists agree that these techniques are the most theoretically sound, they ignore the fact that currencies today seem less tied to the laws of plain economics than they do to financial economics- capital flows.
Read More: Misleading misalignments (http://www.economist.com/finance/displaystory.cfm?story_id=9366051)

www.forexblog.org (http://www.forexblog.org)

Any thoughts???

[crabman]

Boy this is really great news, I think it maybe sooner than later..

[KS Dinarman]

That picture of tiff is worth 100 million rv'd dinars at $1 :D

[KnightsCharger]

I was looking on the web to try to educate myself and found this,



How to Value a Currency

With the US government doggedly clinging to the notion that China is manipulating its currency and insisting that the communist country be punished accordingly, it bears asking “how can we determine that a currency (in this case the Yuan) is in fact undervalued, and if so, by how much. One notable economist has laid out three general techniques for “valuing a currency,” which may prove useful to all of you amateur economists.
First, there is the concept known as “purchasing power parity,” (sell oil for USD, purchase imports with parity?) which suggests that a pair of currencies should fluctuate in value relative to each other based on changes in their respective interest rates and inflation. Second, there is the notion of a “sustainable” or “fundamental equilibrium” exchange rate which brings a country’s current account into balance- neither deficit nor surplus (debt relief?). Third, historical exchange rate data can be regressed against various economic indicators (productivity, employment, etc.) in order to distill the select few that had the most direct effect on the currency in the past (oil production?) The most current economic data can then be plugged into the resulting equation (current program rate?) and tested against actual exchange rates. (.31?) However, while economists agree that these techniques are the most theoretically sound, they ignore the fact that currencies today seem less tied to the laws of plain economics than they do to financial economics- capital flows.
Read More: Misleading misalignments (http://www.economist.com/finance/displaystory.cfm?story_id=9366051)

www.forexblog.org (http://www.forexblog.org)

Any thoughts???

Yeah, I got one!!! I'm going to like this for at least the next 2 weeks!!:lmao:

[tifflog]

That picture of tiff is worth 100 million rv'd dinars at $1 :D
I'll double that!!! And raise my,,,, better not!:lmao: :lmao:

[crabman]

$3.22 would be okay with me as the GOI and CBI have said

[heres-hoping]

$3.22 would be okay with me as the GOI and CBI have said


That sure would be nice Crabman and I would bail out at that rate. Can't see it as an opener but 2 years definitely. Never know though - this is after all Iraq we're talking about and they have yet to surprise us. I'm not ruling anything out.

[KS Dinarman]

I would bail out at $1.50 and come visit all of you :happy64:

[Dinarnewbee]

heard it alllllllllllllllllllll before..

:lmao: :lmao:

but saying that, it maybe on CNN tomorrow night after they pass it and were all celebrating and nile looks stupid for doubting them...

na... i think im safe ;) :lmao:

who wants a bet with me a bomb goes off near or on the parliament delaying the discussions......


They need a bomb t do this??:confused:

[AAD]

I wish they would stop "discussing" it and rubber stamp that Baby!!!!

Same here (talk is cheap)...

[Shau - Kenshin]

Same here (talk is cheap)...


Talk is cheaper than singly play bath tissue ripping while you wipe.

Stinky and frustrating. :mad:

[AAD]

Talk is cheaper than singly play bath tissue ripping while you wipe.

Stinky and frustrating. :mad:

Sorry I can't really relate, I always use a good amount of paper and perhaps a shower after words is nice. LMAO! :D

I'm sure folks out there are now saying to themselves that we just gave them far too much information, oooooooh downgrade...LOL! :lmao:

[Adster]

Thnaks for that guys. 10.40 in the morning here and those thoughts are not pleasant ones. :no: :rolleye03 :eek: :D

[AAD]

I'm glad I could be of some service this morning...:lmao:

[MonteandMe]

With the Kurds already negotiating oil tracts and hinting the HCL is a done deal I think this time finally it might be a a big go. With the hints of outside meetings of the Iraq Parliment I think that the oil laws have already been discussed and agreed to and these discussions now are just a formality. If this passes and we don't get an RV before the stock market opening for foreign investors then it is time to bail on this one at least at the currency level.