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Guru Pimpy: "I still think it's gonna come out at around $1.34" 3/11/20 I_icon_minitimeFri May 10, 2024 5:03 pm by kenlej

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Guru Pimpy: "I still think it's gonna come out at around $1.34" 3/11/20

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Post by RamblerNash Thu Mar 12, 2020 12:16 am

Guru Pimpy  

...they're threatening $20 a barrel for oil...this is a war between Saudi Arabia and Russia as far as energy is concerned.  Putin sparked the oil war...let's see how long it lasts but instantaneously the price of oil dropped 21%.  What does this do for the Iraqi people?  This just kills them...Iraq is so dependent on their oil...the United Nations needs to let Iraq lift off the sanctions.  They need to let them deal internationally.  They have to let those sanctions go.  Move from chapter 7 into chapter 8...that allows them then to change the rate.  I still think it's gonna come out at around $1.34.  This allows Iraq's economy to go ahead and start being competitive.  To start bringing in outside investors...this might be the thing that triggers the rate change so keep your fingers crossed...


3/11/20

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