More News, Rumors and Opinions Saturday PM 1-20-2024
TNT:
CandyKisses: Cold weather disrupts oil production in the United States: it will not return to normal for weeks
Shafaq News / Severe winter weather has halted the production of millions of barrels of oil in the United States, while production is expected to not return to normal levels for weeks.
According to a report published by Bloomberg, during the past week, production across America shrank by about 10 million barrels after snow covered parts of the US state of Texas, while North Dakota is experiencing a wave of severe cold, while production is not expected to return to normal levels for weeks.
The report estimates the volume of halted production in the Permian Basin in Texas and New Mexico at about 6 million barrels, while the volume of halted production in Pachin, North Dakota, is about 3.5 million barrels.
The report explained that very low temperatures beautify the water in oil wells, leading to a halt to production.
Icy roads also make it difficult for dump trucks used to transport wastewater to reach drilling rigs.
Tishwash: Once again...resubmitting the oil and gas law to the discussion table of Parliament and the government
The representative of the Patriotic Union of Kurdistan bloc, Sarwa Muhammad Rashid, stressed on Saturday the need to expedite sending the draft oil and gas law, while confirming that the law is on the table of government and parliamentary discussions.
Zanganeh said in an interview with the Maalouma Agency, “The discussions of the region and the center during the last period focused on finding a road map through legislation of the oil and gas law, as it ends the outstanding crisis between the federal government and the Kurdistan region.”
She added that "passing the oil and gas law will eliminate all outstanding problems between the federal government and the Kurdistan region," noting that "after several months passed during the stages of writing the oil and gas law, it was not sent to Parliament for discussion."
She continued, “Parliament is waiting for the legislation of this law until it ends the issue of how to export oil or invest gas in the coming stages.”
The former member of the Parliamentary Oil and Energy Committee, Ghaleb Muhammad, confirmed to Al-Maalouma that passing the oil and gas law requires consensus among the large blocs that have a majority within the House of Representatives. link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat So, how long will us investors in the IQD have to wait before Iraq is allowed to liberate its own currency? Why do I say “now is the time”? We know they are completely out of Chapter VII sanctions since December 2022...We know they want the Iraq funds (nearly USD 115+ billion) released from the NY banks and put in their custody...We know they have plans for yet more Sovereign Funds to invest their reserves. We know they are making agreements now for “currency swaps” for trade...as Iraq will no longer be using any US dollars in Iraq as of January 1st 2024. We know that the IMF is now working on the final stages of pulling together agreements to build a new basket of six (6) currencies to re-peg the IQD. More pressure from Iraqi economics advisors to the government to use a “basket” of currencies for the new dinar peg. This is the IMF plan of 2011 all along. [Post 1 of 3....stay tuned]
Mnt Goat We know since January they have undertaken a massive “de-dollarization” program and told it should have taken 6 years but they decided to do it in 1 year (2023). Why such a hurry? We know the value of the IQD right now does exceed even pre-1991 era but still at 1/6 of a penny for a rate? The value won’t go up, its already there... Why is it being suppressed? Iraq needs to see a rate reflecting the TRUE VALUE. What is holding it back? We know Iraq now pumps 2/3 more oil than in pre-1991 era. Iraq also has announced 132+ tons of GOLD reserves. We know they are pushing this year alone, more than any other year since 2005, for the passing of Oil and Gas law. Why? We know for a FACT that it is the U.S. through the Treasury Dept. direction that will NOT give sign-off to allow the reinstatement. Why? [Post 2 of 3....stay tuned]
Mnt Goat Finally, the CBI has told us many times already that January is the most opportune time to reinstate for accounting purposes, since it begins their new FISCAL year (for accounting purposes). Imminent World Trade Organization full accession. Just be patient, the reinstatement is coming and I firmly believe from what we now know there is a very strong likelihood we NOT are going to be at the banks in early 2024 but there is still strong hope for early part of the new year. There is no guarantees and so no one really knows a date when the event will occur. Let’s just follow the FACTS and see where they lead us…okay? Iraq is full of surprises and so anything is possible. [Post 3 of 3]
What Will A DEBT RESET Look Like? | David Morgan
Liberty and Finance: 1-20-2024
The FDIC has reported that the banks in the U.S. have more than $600 billion in unrealized losses. While the powers that be can paper over the problem for a while, they can't indefinitely. "There's no way out of this mess," says David Morgan, "It's a very precarious situation."
INTERVIEW TIMELINE:
0:00 Intro
1:45 Banking system
10:57 Unsustainable system
16:05 Cyber attack
19:40 Gold & silver
24:49 Outlook for metals
27:45 Brokerage risks
33:20 Last thoughts
Stock Market Hits New All-Time High, 'Massive' Correction Will Follow | Chris Vermeulen
David Lin: 1-19-2024
Stocks just hit an all-time high. Will this momentum continue? Chris Vermeulen, Chief Market Strategist of TheTechnicalTraders.com answers.
0:00 - Intro
2:40 - Stocks
24:10 - U.S. dollar
28:10 – Gold
33:08 - Real estate