Quote:
Originally Posted by JPmonopoly
I posted a similar story, infact Ive seen atleast 5 more like 10 articles that dont bode well for the HCL recently. This thing will take a while to get done unless someone strong arms the parliment.
The HCL doesn't bother me that much. I think the main law will be the FIL that will help our cause. The reval has to happen if the FIL is to be enacted otherwise the entire country will be bought and sold before a barrel of oil is pumped. The HCL can drag its feet as far as I am concerned.
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It's all about the FIL.
Iraq proven oil reserve 120,000,000,000 billion barrels
At an average price of $50 a barrell
Equal to 6 trillion dollars
17,000,000,000,000 Dinar * .0007 = 11,900,000,000 = Iraq reserve funds
6 divided by 17 = $ .353
If the value was backed by Oil
Not including every other resource including water which could turn out to be a more valuble resource than oil in the long run
These are not exact figures just a thought I had about a possible value - added oil and the other 5% percent of the economy in the long run. Any thoughts would be appreciated again not trying to ruffle any feathers here.
I know this is my first post but I have been reading here for a while and appreciate comments. I really believe they have to revalue before the FIL law is pasted just like everyone here it might not be for the price everyone here would like to see but will have to be done. I will take a low revalue but over the long run it has to go high again. I am looking for a significant move sometime by the end of the year if not iraq is probably doomed anyway but over the past 3 months they have made significant strides excluding the violence side.
gl to all and go Dinar
Looking for $.10 by the end of the year
sept 2006 from another board
AI
