Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


+3
duck2000
jedi17
Neno
7 posters

    Iraq is ranking 7th among the 17 countries sitting on the most valuable energy reserves.

    Neno
    Neno
    Admin
    Admin


    Posts : 10948
    Join date : 2012-12-17
    Age : 60
    Location : Lone Star State

    Iraq is ranking 7th among the 17 countries sitting on the most valuable energy reserves. - Page 2 Empty Iraq is ranking 7th among the 17 countries sitting on the most valuable energy reserves.

    Post by Neno Mon 15 Dec 2014, 4:40 pm

    First topic message reminder :

    Iraq is ranking 7th among the 17 countries sitting on the most valuable energy reserves. By Harrison Jacob
    [You must be registered and logged in to see this link.]Iraq in the World Economy

    [You must be registered and logged in to see this link.]

    Politicians and activists may love to talk about renewable energy sources, but in today’s world fossil fuels are still king. Indeed, as technology has developed in recent years, previously unreachable oil and gas reserves, like shale gas, have become huge sources of industry.

    Using data from British Petroleum’s [You must be registered and logged in to see this link.], we calculated the countries with the largest reserves in three key fossil fuel categories—oil, coal, and natural gas.

    We then calculated the total value of the reserves by using current global prices. For oil, we used [You must be registered and logged in to see this link.]on Bloomberg Markets. For natural gas, we averaged [You must be registered and logged in to see this link.] to accommodate for the diverse world market. For coal, we used [You must be registered and logged in to see this link.], which is commonly used as a benchmark for global markets.

    While the data is imprecise, our ranking reveals which countries control the most energy. As developing economies like China and India expand and fossil fuel supplies dwindle, those reserves will be more important than ever.
    7. Iraq

     
    150 billion barrels of proven oil reserves (#5)
    126.7 trillion cubic feet of proven natural gas reserves (#12)
    $18 trillion value at current prices

    In 2012, Iraq passed Iran as the second largest producer of crude oil in OPEC, despite only a fraction of Iraq’s known oil fields being in development. The continuation of that trend is contingent on the stabilization of the country, which will make it more attractive to foreign investment. Foreign companies could provide much needed infrastructure improvements and developments.

    Source: [You must be registered and logged in to see this link.]
    fonz1951
    fonz1951
    Interacting Investor
    Interacting Investor


    Posts : 2666
    Join date : 2012-12-19

    Iraq is ranking 7th among the 17 countries sitting on the most valuable energy reserves. - Page 2 Empty Re: Iraq is ranking 7th among the 17 countries sitting on the most valuable energy reserves.

    Post by fonz1951 Tue 16 Dec 2014, 5:35 am

    duck2000 wrote:not too mention tourism!
    yes , certainly so, i'm ready to load up the kids and go right now! crazy
    duck2000
    duck2000
    Interacting Investor
    Interacting Investor


    Posts : 2934
    Join date : 2012-12-21

    Iraq is ranking 7th among the 17 countries sitting on the most valuable energy reserves. - Page 2 Empty Re: Iraq is ranking 7th among the 17 countries sitting on the most valuable energy reserves.

    Post by duck2000 Tue 16 Dec 2014, 5:45 am

    well let me subjest some nice sites to see then !    hi
    wciappetta
    wciappetta
    NNP TEAM
    NNP TEAM


    Posts : 5283
    Join date : 2012-12-20

    Iraq is ranking 7th among the 17 countries sitting on the most valuable energy reserves. - Page 2 Empty Re: Iraq is ranking 7th among the 17 countries sitting on the most valuable energy reserves.

    Post by wciappetta Tue 16 Dec 2014, 7:17 am

    What's interesting to me is that recently it was said that there is 40 trillion dinar in circulation. Under fractional reserve rules  generally 10% means the dinar can at least be supported to $4.50 per.


    _________________
    [You must be registered and logged in to see this link.]In the beginning was the Word, and the Word was with God, and the Word was God.... For from His fullness, we have all received and grace upon grace. For the Law was given through Moses; grace and truth came through Jesus Christ. No one has ever yet seen God. The only begotten God, the One being in the bosom of the Father, He has made Him known. - Berean Literal Bible
    weslin3
    weslin3
    Interacting Investor
    Interacting Investor


    Posts : 7463
    Join date : 2012-12-19

    Iraq is ranking 7th among the 17 countries sitting on the most valuable energy reserves. - Page 2 Empty Re: Iraq is ranking 7th among the 17 countries sitting on the most valuable energy reserves.

    Post by weslin3 Tue 16 Dec 2014, 7:35 am

    surprise
    wciappetta wrote:What's interesting to me is that recently it was said that there is 40 trillion dinar in circulation. Under fractional reserve rules  generally 10% means the dinar can at least be supported to $4.50 per.
    wciappetta
    wciappetta
    NNP TEAM
    NNP TEAM


    Posts : 5283
    Join date : 2012-12-20

    Iraq is ranking 7th among the 17 countries sitting on the most valuable energy reserves. - Page 2 Empty Re: Iraq is ranking 7th among the 17 countries sitting on the most valuable energy reserves.

    Post by wciappetta Tue 16 Dec 2014, 7:55 am

    and we haven't begun to discuss frozen funds in the equation....


    _________________
    [You must be registered and logged in to see this link.]In the beginning was the Word, and the Word was with God, and the Word was God.... For from His fullness, we have all received and grace upon grace. For the Law was given through Moses; grace and truth came through Jesus Christ. No one has ever yet seen God. The only begotten God, the One being in the bosom of the Father, He has made Him known. - Berean Literal Bible
    weslin3
    weslin3
    Interacting Investor
    Interacting Investor


    Posts : 7463
    Join date : 2012-12-19

    Iraq is ranking 7th among the 17 countries sitting on the most valuable energy reserves. - Page 2 Empty Re: Iraq is ranking 7th among the 17 countries sitting on the most valuable energy reserves.

    Post by weslin3 Tue 16 Dec 2014, 8:03 am

    surprise                                surprise                               surprise
    wciappetta wrote:and we haven't begun to discuss frozen funds in the equation....
    Diamond
    Diamond
    Interacting Investor
    Interacting Investor


    Posts : 2206
    Join date : 2012-12-23

    Iraq is ranking 7th among the 17 countries sitting on the most valuable energy reserves. - Page 2 Empty Re: Iraq is ranking 7th among the 17 countries sitting on the most valuable energy reserves.

    Post by Diamond Tue 16 Dec 2014, 8:44 am

    only problem I see about the frozen funds is those banks aren't jumpin to loose that much capital fish

    Sponsored content


    Iraq is ranking 7th among the 17 countries sitting on the most valuable energy reserves. - Page 2 Empty Re: Iraq is ranking 7th among the 17 countries sitting on the most valuable energy reserves.

    Post by Sponsored content


      Current date/time is Thu 28 Mar 2024, 10:07 am