More News, Rumors and Opinions Thursday Night 2-18-2021
TNT:
Alf: When the RV happens, we start at ground 0. Everything that we experience from that point will be new and uncharted waters in every way. Financially, socially, emotionally . Most of us have take the time to put together some kind plan for the initial exchange and parking the money going forward, but we will have to be very attentive to all areas of life as we will have to be very attentive to all areas of life as we witness the changes occur. Most of these will be governed by how well be manage our hearts emotions. Emotional intelligence will become a valuable asset.
Shybaby: How much meaning we give to life is measured by how we look at tomorrow, Or do we look at tomorrow as just another day? Aside from the capacity to dream, look at life in the spirit of adventure and the sense of wonder.
Shybaby: Does not life become more meaningful if we shared the courage and conviction of the Man from La Mancha and also declare; ‘To right the unrightable wrong; to love, pure and chaste from afar; to try. When your arms are too weary, to reach the unreachable star.
Shybaby: Take time to think….thought is the source of power Take time to read….it is the fountain of wisdom Take time to work…it is the price to the road of success Take time to pray….it is the greatest power on earth Take time to play…..it is the secret to perpetual youth…. Take time to give…..it is too short a day to be selfish Take time to laugh…it is music to the soul Take time to be friendly…it is the road to happiness Take time to LOVE and be LOVED---it is a God given privilege
Harambe: Bloomberg: OPEC Target Gets Harder to Reach for Iraq as Oil Exports Jump
(2/18/21)
Iraq’s crude oil exports jumped in the first half of February even after OPEC’s second-biggest producer pledged to cut production this month.
The group and partners including Russia are restraining supply with the coronavirus pandemic still raging. The alliance, known as OPEC+, is seeking to ensure a 66% rally in crude prices since the start of November -- driven by vaccine breakthroughs -- isn’t reversed.
Baghdad pledged to pump below its quota in February to make up for past overproduction. Still, the pace of its crude exports in the first half of the month, if maintained through the rest of February, indicates the country may exceed its self-imposed production target of 3.6 million barrels a day and perhaps even its OPEC+ cap of around 3.85 million.
Iraq derives almost all its income from oil and, like many other petrostates, is experiencing an economic crisis after the pandemic caused energy demand to collapse last year.
Oil sales increase despite pledges for deeper cuts
The Iraqi oil ministry didn’t immediately comment when asked about exports. The country still intends to meet its target for the full month, according to an industry official who asked not to be identified.
A separate official said the government planned to increase exports during the first half of February in anticipation that bad weather could reduce them in the second half.
Exports aren’t a direct gauge of production but give an insight into output levels. Countries can sell down stockpiled oil, which doesn’t count toward their OPEC+ quotas. Additionally, tanker-tracking figures compiled by Bloomberg are preliminary and daily averages can change over the course of the month.
Iraq may be betting the OPEC+ deal is “too important to fall apart over some failure to compensate,” said Robin Mills, head of Dubai-based consultancy Qamar Energy. “They need the revenue.”
OPEC+ Caps
The Arab nation’s daily crude exports rose to 3.44 million barrels in the first 14 days of February, according to tanker-tracking and port-agent data compiled by Bloomberg. That’s up 4.4% from January and the highest figure on a full-monthly basis since May, when OPEC+ began its unprecedented supply cuts.
If Iraqi exports remain at their current pace and the country consumes the same amount of oil domestically as it did in January, it could pump nearly 4 million barrels a day this month.
Iraq’s dire economic situation and inability to control output from fields in the semi-autonomous region of Kurdistan led it to over-produce by around 80,000 barrels daily between May and December. Only Russia has violated the OPEC+ agreement to a greater degree, according to data compiled by Bloomberg.
Brent crude futures have climbed 25% this year to around $65 a barrel, almost wiping out last year’s losses. The cuts by OPEC+ have helped spur those gains, as has a colder-than-usual winter in parts of Asia and the U.S.
************
Courtesy of Dinar Guru
Pimpy People keep looking for an RI/RV...I think what you'll see is the Iraqi dinar go up in value in increments in short periods of time as they continue to recover and they continue to really start the reconstruction...this could be a pretty quick rebound. You might see this thing jump up fairly quickly...
Walkingstick and Frank26 They [the IMF and CBI at this Saturday's meeting] talked about the monetary reform in its entirety - from the beginning to the end. They talked about he new small category notes. Not only the date in which they will release them but the number of the note count...the value of the notes...the Iraqi dinar currency at an international level so it can be convertible. Wow! ...So they talked about the Iraqi currency (the new one that's going to be coming out), how it's going to be international and how it can be convertible. That's great...All these benchmarks IOO have all been agreed upon. Everything from the citizens to the Kurds to the budget to the international investors they all want the new exchange rate to be introduced. They all want this...
SILVER ALERT! The Final "SILVER SQUEEZE" Starts Next WEEK!! (Bix Weir)
Feb 18, 2021
170 Years of Silver Price Suppression by the Banking Cabal is about to end in the biggest Moonshot in HISTORY! Are you Ready for it? Are you Ready to Fight for Truth and Honesty in Markets? Are you Ready to be FREE?!