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Adam Montana says -It sure does look promising....Iraq has an RV button to push...
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Adam Montana says -It sure does look promising....Iraq has an RV button to push...
by Ponee Wed Oct 02, 2019 9:13 pm
Adam Montana
...OIL - currently WTI at $52. Stable enough, no worries there. Iraq and China was a big story last week, and it still is...There was some discussion on the topic of how Iraq will pay China. Some of the articles suggest Iraq will pay with oil, while others state it will be financed by oil...the exact method doesn't matter. What is important to understand is that Iraq has oil. That's it.
Whether they barter directly for oil or not is kind of irrelevant. China probably doesn't give a hoot either way, because they know exactly what we know - Iraq is rich with oil, Iraq will not be an impoverished land with no way to pay their debts, and Iraq has every ability to pay their debts... because of oil. I wish I had a date to put out here, but you all know by now I won't do that. It sure does look promising, though! Iraq has an RV button to push...
10.02.2019
...OIL - currently WTI at $52. Stable enough, no worries there. Iraq and China was a big story last week, and it still is...There was some discussion on the topic of how Iraq will pay China. Some of the articles suggest Iraq will pay with oil, while others state it will be financed by oil...the exact method doesn't matter. What is important to understand is that Iraq has oil. That's it.
Whether they barter directly for oil or not is kind of irrelevant. China probably doesn't give a hoot either way, because they know exactly what we know - Iraq is rich with oil, Iraq will not be an impoverished land with no way to pay their debts, and Iraq has every ability to pay their debts... because of oil. I wish I had a date to put out here, but you all know by now I won't do that. It sure does look promising, though! Iraq has an RV button to push...
10.02.2019
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