Iraqi Dinar investments - Page 43

Offshore-Wealth · #**421** 07-02-2006, 03:54 PM

Correction,

I reread article and it was a decimal issue, and doing the numbers again, my calculator doesn't go that many zeros. (g) It also included all Iraqi revenues including natural gas and it was total potential, not net. And internal oil will no longer be subsidized, so the numbers are skewed since internal oil consumption is not at same rate per barrel for export.

As to the other statement and article link, it clearly stated, probably, but if you check actual historical data, the average daily production was never over 3M. There was only one year Iraq topped 3M, but it was 1979, not
1993, in fact, 1993 was one of lowest production years, so whoever wrote that article is not even close which can happen as we have all seen. This period after invasion of Kuwait was lowest period of all. In fact, 1991 was 200-300K. 1992 and 1993 was under 500K, so AVERAGE was never over
2.5M, not even close.

Peace,

Offshore-Wealth · #**422** 07-02-2006, 04:00 PM

Interesting,

Here is link to oil production charts from 1970 through 1995.

http://www.globalsecurity.org/milita.../iraq_back.htm

Peace,

BlackSand · #**423** 07-02-2006, 07:35 PM

Quote:

Originally Posted by Offshore-Wealth.com

Correction,

I reread article and it was a decimal issue, and doing the numbers again, my calculator doesn't go that many zeros. (g) It also included all Iraqi revenues including natural gas and it was total potential, not net. And internal oil will no longer be subsidized, so the numbers are skewed since internal oil consumption is not at same rate per barrel for export.

As to the other statement and article link, it clearly stated, probably, but if you check actual historical data, the average daily production was never over 3M. There was only one year Iraq topped 3M, but it was 1979, not
1993, in fact, 1993 was one of lowest production years, so whoever wrote that article is not even close which can happen as we have all seen. This period after invasion of Kuwait was lowest period of all. In fact, 1991 was 200-300K. 1992 and 1993 was under 500K, so AVERAGE was never over
2.5M, not even close.

Peace,

I guess that I would've lost my bet, because you didn't try to change the subject on me. I appreciate the corrections, because your other post didn't have anything mentioned about "all Iraqi revenues", "net" , "total potential" or "subsidized internal oil consumption" skews.

BTW, the articles that I had listed for links on Iraqi daily oil production, referenced Iraqi oil production for the year 1990, not 1993, as you stated in your quoted post here.

You slammed me pretty good, awhile back, after I admitted that I made a mistake, when I had listed a bad link. But, lucky for you, I don't take things personal. I'm not going to slam your answer to my original post, because I said in my last post, that I wouldn't slam you, after you admitted your mistakes. And, you did. I hope that this shows you that everybody makes mistakes. It's how they acknowledge them and handle/correct them that matters most. Let the debate continue.

It's all good.

milliondollababy · #**424** 07-03-2006, 02:32 PM

Oh sorry the US dollar is backed by Oil, my bad, regardless, the numbers don't lie, the US drills more oil than Iraq in a day and has for a very very long time.

http://www.trinicenter.com/oops/iraqeuro.html

I'm not saying it's going to increase. But to go Dollar for Dinar in such a short time...it's logically impossible.

milliondollababy · #**425** 07-03-2006, 02:35 PM

Double Post

Offshore-Wealth · #**426** 07-03-2006, 08:39 PM

Quote:

Originally Posted by BlackSand

I guess that I would've lost my bet, because you didn't try to change the subject on me. I appreciate the corrections, because your other post didn't have anything mentioned about "all Iraqi revenues", "net" , "total potential" or "subsidized internal oil consumption" skews.

BTW, the articles that I had listed for links on Iraqi daily oil production, referenced Iraqi oil production for the year 1990, not 1993, as you stated in your quoted post here.

You slammed me pretty good, awhile back, after I admitted that I made a mistake, when I had listed a bad link. But, lucky for you, I don't take things personal. I'm not going to slam your answer to my original post, because I said in my last post, that I wouldn't slam you, after you admitted your mistakes. And, you did. I hope that this shows you that everybody makes mistakes. It's how they acknowledge them and handle/correct them that matters most. Let the debate continue.

It's all good.

Good deal,

We all read many posts, and as careful as I am there are still mistakes in almost many of them. (g) I try to read them all and form my own understanding of the details by comparing, and come up with relevent posts. My only gripe is about the posts that get recycled with an updated current date, when in fact, it is old news. That sets me off, not opinions or debates.

Peace,

JeezIDunno · #**427** 07-04-2006, 12:13 PM

Quote:

Originally Posted by CashKungFu

So where can I go to get dinar in the smallest quantities (that’s not a private forum member) I'm looking for a website, with a registered dealer. The smallest bundles of dinars I can find are about $700 usd. I’m looking at putting 50 or $100 in.

Have you tried www.gidassociates.com ? I use them... don't know what the smallest amount is that they sell, but I know they sell amounts less than 1M IQD/$780

Offshore-Wealth · #**428** 07-04-2006, 12:48 PM

Quote:

Originally Posted by milliondollababy

Oh sorry the US dollar is backed by Oil, my bad, regardless, the numbers don't lie, the US drills more oil than Iraq in a day and has for a very very long time.

http://www.trinicenter.com/oops/iraqeuro.html

I'm not saying it's going to increase. But to go Dollar for Dinar in such a short time...it's logically impossible.

Sorry, but the US is backed by nothing other than the past strength of dollar, not oil. Oil is privately owned in US, other than land which is leased in some cases for exploration, such as oil sand which was not cost effective to extract until recently.

ArizonaInvestor · #**429** 07-04-2006, 07:49 PM

Quote:

Originally Posted by milliondollababy

Oh sorry the US dollar is backed by Oil, my bad, regardless, the numbers don't lie, the US drills more oil than Iraq in a day and has for a very very long time.

http://www.trinicenter.com/oops/iraqeuro.html

I'm not saying it's going to increase. But to go Dollar for Dinar in such a short time...it's logically impossible.

LOL!!! Worng Again!! The US Dollar is backed by a promise and it's value is based on the confidence placed in that promise.

Offshore-Wealth · #**430** 07-05-2006, 10:55 AM

Oil Update:

This article will bring mainstream some real news, not the usual slanted negative news we see in all newspapers. Oil exports are the highest ever, as earlier post, but more important for Iraq's future is the disclosure that Iraq will be the number one oil producer with new reserves discovered combined with new technologies for pumping oil coming to the region from dozens of international oil companies, and this is going on even before FI law is released. Iraq will be exporting 10M barrels a day even without major oil companies coming in to set up operations.

http://www.aina.org/news/20060704111455.htm