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 Adam Momtana for 10/25/17 LOL!

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Join date : 2015-04-20

PostSubject: Adam Momtana for 10/25/17 LOL!   Wed Oct 25, 2017 9:44 pm

There is a current agreement amongst a majority of OPEC participating countries designed to control the oil market in the supposed interest of keeping the global economy. I'm not presenting a specific conspiracy theory on that thought, I'm just saying "supposed" because there's always some kind of backdoor deal or subterfuge going on with anything related to politicians!  That's also not to say that the current OPEC agreement is a bad thing. I feel like it was a good move on many levels, but let's move on.  The current OPEC agreement - and keep in mind, this is a sort of informal, kind of semi-official, non-binding-to-Iraq, completely-beneficial-to-Iraq - yes, that OPEC agreement continues to run a course very attractive to Iraq's interests. Bottom line - Iraq's still sitting pretty in it's ability to potentially skirt the current production limitations and they wouldn't even feel the need to apologize for getting a nice break. Important date regarding the OPEC agreement: November 7, Vienna Austria.  

 Important note regarding OPEC: This organization doesn't have any direct say in where the CBI sets their auction/trading prices, nor do they have any direct impact on the HCL. HOWEVER... there are already OPEC members looking to wrap up the oil production limits, while others are posturing as if they want to extend it to the end of 2018 or longer. As you might suspect, the wealthier and more financially stable countries are in favor of extending and the little guys are hoping for a quick end to it. Iraq is basically the silent little person in the corner, watching and biding their comments. If they do something before November 7, it will change the "World Oil Outlook". If they don't, then I think the outcome of the upcoming OPEC meeting will give us some serious clues as to what will happen next. Hopefully the OPEC thoughts are some good food for thought, and with any other (better) luck, hopefully we won't even have time to ponder it too long before an HCL sneaks up on us.
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PostSubject: Re: Adam Momtana for 10/25/17 LOL!   Wed Oct 25, 2017 11:08 pm

Just a few days ago, Adam was all about Iraq supplying gazillions of barrels of oil.


Article:  "Oil stabilizes with support from supply contraction and expectations of an OPEC extension"   Quote:  "Oil prices held steady on Thursday, supported by continued OPEC-led output cuts and tensions in the Middle East, as well as a drop in US production due to hurricane closures."   Semantics are everything sometimes... such as here.  "supported" - not demanded or mandated.  "OPEC-led" - This is HUGE.  OPEC is leading this initiative, this agreement, this voluntary agreement.  Iraq is still free to break the mold, RV and sell a gazillion barrels tomorrow to fill their coffers and support the increase in exchange.  It's going to cause a little disturbance in the world, but 2 days later Iraq (or the PTB in Iraq) simply pretends to apologize (that's how it works!) and 5 days later the world adjusts and we move on.



Was that a typo Roxy, "Mom"tana? Or does Adam need another cookie?
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PostSubject: Re: Adam Momtana for 10/25/17 LOL!   Thu Oct 26, 2017 12:10 am

This is called "baffle them with BS".  It doesn't really matter what you say as long as you sound like you know what you're talking about.  Wolfy is pretty good at that.  It's Con Artist 101.

Busting Gurus Since 2011

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Adam Momtana for 10/25/17 LOL!
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