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 posters

    Parliament exclude oil falling to $ 40 .. does not deny the possibility of resorting to the reserve

    day dreamer
    day dreamer
    day dreamer
    Interacting Investor
    Interacting Investor


    Posts : 3197
    Join date : 2012-12-19
    • Post n°1

    Parliament exclude oil falling to $ 40 .. does not deny the possibility of resorting to the reserve Empty Parliament exclude oil falling to $ 40 .. does not deny the possibility of resorting to the reserve

    Post by day dreamer Mon 08 Dec 2014, 9:11 pm

    12/09/2014 (00:01 pm) - The number of readings: 66 - Issue (3236)


    [ltr][You must be registered and logged in to see this image.][/ltr]
    [ltr]Parliament exclude oil falling to $ 40 .. does not deny the possibility of resorting to the reserve currency [/ltr]


    BAGHDAD / Mohammad Sabah


    [ltr]The Commission on parliamentary power, the presence of multiple government measures to avoid any potential drop in oil prices to under $ 50.  The sources did not exclude recourse cash reserves at the central bank or borrow from private banks.
     As described any reduction in price to around $ 40 as a "global catastrophe", this scenario excluded unexpected return prices to rise again. 
    In turn, economic advisor to the Prime Minister in charge of the government confirms that the Commission review the 2015 budget "will take all the possibilities projected in oil prices," expected that the Council of Ministers will discuss the draft of the proposed budget for next week.  Oil prices fell more than a dollar on Monday after Morgan Stanley cut its forecast for Brent crude, while Chinese trade, which have been mixed in the market supporting data did not contribute. 
    Quoted by Reuters news agency, "Morgan Stanley", which is one of the most banking institutions and the largest in the United States, saying in a recent report that "in the absence of OPEC intervention will face market risk imbalance with the possible arrival of the increase in supply to the peak in the second quarter of 2015 "She told Reuters that" the worst is estimated to fall in oil to $ 43 in the second quarter of next year. "  He says Ugaili Aziz, a member of the Commission on oil and energy parliamentary "long", that "the sale of Iraqi oil price is lower than advertised in the global markets with ten dollars," and acknowledged that "one of the reasons for delay in adoption of the budget due to the fluctuation of oil prices." He adds Ugaili, a member of the citizen's parliamentary bloc, that "the issue of restricting the general budget at a specified price per barrel has become difficult because of the constant changes in oil prices," he said, adding that "the Iraqi state is facing a serious challenge to the adoption of the budget on oil revenues by 95%."  Commenting leader of the Supreme Council for the expected decline by saying, "In the event of oil prices below $ 50, also expects global institutions, we will be unable to pay even salaries to civil servants," But he said, "In such a scenario can be resorted to the use of central bank reserves, B77, which is estimated billion dollars allocated to emergency situations. "  The world oil prices fell last November to its lowest level since May 2010 after the organization decided (OPEC) not to cut production, leaving an abundance of supply markets.  And confirms a member of the parliamentary Committee on Oil and energy that "alternatives are available and we have found such as resorting to borrowing from private banks," and believed that "the government is able to skip Ayew expected to occur economic crisis in the coming months."  But MP Aziz Ugaili exclude falling oil prices to $ 43 per barrel in the next year, adding that "what we see from the steady decline in international prices is normal already happened in prices in 2009".
    In turn, is expected Kawa Mahmoud, the other member of the Parliamentary Committee on Oil and Energy, the price of a barrel of oil up to $ 60, but most likely higher prices in the coming period due to the needs of the winter. 
    He described Kawa Mahmoud, in his speech for the "long", falling world oil prices to $ 40 as "would be a disaster for the global economy and not just Iraqi," stressing "difficult to predict global oil prices because they are linked to oil policy." 
    In the same vein, Dr. attribute the appearance of Mohammed Saleh, an economic advisor to the Prime Minister, the reasons for the drop in oil prices to a "shale oil production in the United States about a million barrels a day, offset by a lack of demand for the purchase of the oil extracted by conventional methods." He added Saleh, in a statement "long", that "rock production began compensates part of America's oil consumption, because they are produced in quantities of about 5 million barrels a day." 
     Stresses economic advisor to the Prime Minister on "the need to rebuild global oil inventories in line with consumer demand for oil, which up to 93 million barrels Jeremiah", but ruled out "fall in oil prices below $ 50 in the next year." 
    It is proposed that the appearance of Mohammed Saleh "to increase production and export of oil to fill the shortfall down prices", confirming the presence of governmental processors rapid declines in the price of a barrel of oil. The attention of the Iraqi economic expert that "the Committee of Five, which includes a number of current and former ministers and experts in the field of oil and finance, is working to amend the draft federal budget for 2015 Act, to take all possible eventualities in oil prices," expected to "be providing the federal budget to Cabinet next week for discussion. "


    [/ltr]



    [ltr][You must be registered and logged in to see this link.][/ltr]
    • Back to top
    day dreamer
    day dreamer
    day dreamer
    Interacting Investor
    Interacting Investor


    Posts : 3197
    Join date : 2012-12-19
    • Post n°2

    Parliament exclude oil falling to $ 40 .. does not deny the possibility of resorting to the reserve Empty Re: Parliament exclude oil falling to $ 40 .. does not deny the possibility of resorting to the reserve

    Post by day dreamer Mon 08 Dec 2014, 9:13 pm

    don't forget that "next" in most all of their articles mean "this" .....the 10 day's is up this week (Wednesday) that Abaidi spoke of .....that the budget would be ready in 7-10 days
    • Back to top
    Neno
    Neno
    Neno
    Admin
    Admin


    Posts : 10948
    Join date : 2012-12-17
    Age : 61
    Location : Lone Star State
    • Post n°3

    Parliament exclude oil falling to $ 40 .. does not deny the possibility of resorting to the reserve Empty Re: Parliament exclude oil falling to $ 40 .. does not deny the possibility of resorting to the reserve

    Post by Neno Tue 09 Dec 2014, 10:29 am

    Yes he did... ;)
    • Back to top
    weslin3
    weslin3
    weslin3
    Interacting Investor
    Interacting Investor


    Posts : 7463
    Join date : 2012-12-19
    • Post n°4

    Parliament exclude oil falling to $ 40 .. does not deny the possibility of resorting to the reserve Empty Re: Parliament exclude oil falling to $ 40 .. does not deny the possibility of resorting to the reserve

    Post by weslin3 Tue 09 Dec 2014, 12:50 pm

    Hope this stays at that 10 day time limit....
    • Back to top
    Sponsored content

    Sponsored content


    • Post n°5

    Parliament exclude oil falling to $ 40 .. does not deny the possibility of resorting to the reserve Empty Re: Parliament exclude oil falling to $ 40 .. does not deny the possibility of resorting to the reserve

    Post by Sponsored content

    • Back to top
      Current date/time is Sat 16 Nov 2024, 6:22 pm