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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

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Established in 2006 as a Community of Reality

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


    Parliamentary economy: falling oil prices, "a major disaster" and Iraq will face tough choices

    Rocky
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    • Post n°1

    Parliamentary economy: falling oil prices, "a major disaster" and Iraq will face tough choices Empty Parliamentary economy: falling oil prices, "a major disaster" and Iraq will face tough choices

    Post by Rocky Thu 14 Jan 2016, 1:03 pm

    Parliamentary economy: falling oil prices, "a major disaster" and Iraq will face tough choices 

    1/14/16

    Baghdad /...oceft member of the Committee of Economy and Investment parliamentary Najiba Najib, Thursday, forecasts that pointed to the possibility of falling oil prices to $ 10 as a "major disaster", indicating that the government will be able to address them through the "tough choices".

    She said Najib's "Eye Iraq News" that "the expectations that pointed to the possibility of falling oil prices to $ 10 if it has already occurred would be" a major disaster ", noting that" the drop in prices to this level will not cover oil production costs in excess of the (10) much dollar. "

    She explained to the Committee of Economy and parliamentary investment member that "the government will be able to face (of the disaster) over to take tough choices," adding that "among these options is the external borrowing and a" non-oil "resources through the head to the private sector and the revitalization of agriculture and industry as well as taxation ".

    And it warned of major international banks, on Wednesday, from another drop in crude oil prices to reach $ 10, while pointing analysts that the oil market will remain balanced substantially, as long as there is an increase in the supply and processing and recession in oil demand.

    The newspaper "Daily Telegraph" published an article based on the number of warnings from major banks of a decline in prices of crude oil price per barrel has bidden to $ 10.

    The article says that the last time oil prices fell to a level of $ 10 was at the height of the Asian financial crisis in 12 1998


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