Memphis » July 19th, 2013, • KTFA
Last week I spoke some about the value of watching the "big ticket items" and how IMO it aids greatly when we get tempted to chase various rabbit trails. One (and perhaps the LARGEST) of the big ticket items is Iraq's release from UN CH7 sanctions. ***check***. Another would be the passage/implementation of the Oil and Gas Law.
For weeks now it has seemed a foregone conclusion that this bill is now going to go thru and now today we have been given a press release that has many clues for us within (all imo...of course) and THIS article was the prompting for this post.
I have been convinced (and I use that word in the strictest sense) from June 04 that we are in the last days of waiting for the re-pricing of the IQD. That was the day the UNSC called a meeting to discuss Iraq-Kuwait and it seemed that Iraq's release was a foregone conclusion from that day forward. June27 was the icing.
Read More Link On Right
As I have said often, this 'event' goes far beyond the boundaries of Iraq imo (I get so tired of disclaimers LOL) and things are currently being (and have been) 'checked off' on a global scale...daily.
OUR biggest shortcoming is being too focused on smaller views of this very big picture.
Memphis note: I include myself in that statement, we are all learning as we go!
Anyway, my point is, things are going to be made clear to us soon enough and THIS article is further proof of two things:
1) Iraq is on board and doing what needs done on a schedule.
2) There is little need to be concerned with many of the 'smaller picture' details.
#2 is why I seldom bother folks with my posts anymore.
#1 is why I AM bothering you at present as THIS article does a great job of sealing my opinion(s).
To break from the norm, let me start discussion of this article by actually making my point upfront...
As you study the picture attached to this article 1st recognize that this is not taken from "file footage" from a year (or more) ago. This is an actual current photo.
Next, study closely the men's faces, posture, body language (such as Barzani's open hand turned upwards) and the spark in their eyes and ask yourself if THIS fits the articles caption that says they are:
"....close to solving..."
I submit that the truth is...? They are saying to each other:
"We are both going to be so stinking rich!!" "AND popular!!"
Memphis: OK, now let's look at the article's most notable comments. I have edited it down greatly only for brevity:
Post by walkingstick: Iraqi MP: Maliki, Barzani Close to Solving Oil Dispute
...confirmed the presence of positive vibes... (KRG) in Erbil regarding the possibility of passing the Oil and Gas Law,[/size] which governs the management of oil wealth in the country.
...MPs preferred to maintain discretion regarding information on the final draft of the law.
Memphis note: translation? "We've been told to keep our mouths shut." These guys love an open mic. THAT is a fact...
A high-ranking source in the office of Iraqi Prime Minister Nouri al-Maliki told Al-Monitor that “Prime Minister Maliki and KRG President Massoud Barzani discussed during the latter’s latest visit to Baghdad an amended draft of the Oil and Gas Law and agreed on showing it to their partners, so that it can soon be passed in the Iraqi parliament, before the current legislative session ends in early 2014.”
On July 7, 2013, Barzani visited Baghdad and met with Maliki amid a positive atmosphere, favoring the resolution of the pending issues between both sides, namely the distribution of oil wealth management powers in the country.
Kurdish MP Farhad al-Atroushi, who is close to Barzani, told Al-Monitor, “The current phase is witnessing an agreement between Baghdad and Erbil regarding the Oil and Gas Law.”
....to legislate [into law] the Oil and Gas Law, [it is/was necessary] to reach a final decision regarding the situation in the Iraqi Kurdistan Region. Otherwise, chaos will break loose in the Iraqi oil sector.”
He continued, saying, “I cannot say that Barzani and Maliki have agreed on passing the Oil and Gas Law [because we have been told to keep our mouths shut], but [I WILL say this, that] they see eye to eye on this matter.”
He said, “This issue will be settled during the discussions of the sub-committees that were set up for this purpose between Baghdad and Erbil.”
According to Atroushi, “It is better for the central government to enact the Oil and Gas Law, even if it grants [the Kurdistan region] broad powers to enter into contracts with foreign oil exploration companies.”
Barzani...said that his visit to Baghdad was designed “to send a message to the external and internal arenas that we are brothers, and are keen to communicate [with each other]. This is particularly true since we live in a region full of problems and crises, which we will overcome based on cooperation between us.”
Memphis note: This is a global message with great weight/importance intended. They want the world to have....confidence in Iraq.
Remember, it's all about money....
In parallel, Jamal Bahauddin, a member of Maliki’s State of Law Coalition, said, “Ongoing discussions and meetings on the oil and gas legislation between the Kurdistan Region and the federal government are taking place.”
Memphis note: This guy obviously got the memo. He did what a good politician must do at such times. He said nothing. The "west" has coached them well....
Bahauddin, who is also a member of the Iraqi Parliamentary Oil Committee, said in a statement to Al-Monitor, “There has been a convergence of views, but nothing has been decided yet.”
Memphis note: translation: "We have been told to keep our mouths shut but I wanna say SOMETHING so...."
Further tho, I LOVE LOVE LOVE the word "convergence" guys!! It goes with the word "momentum" like peanut butter goes with jelly.
Asked whether or the Iraqi parliament would pass the Oil and Gas Law before the current session expires, he contented himself with saying that “there are sub-committees, [including members from the various] political blocs, that were set up to negotiate this matter, and they continue to hold meetings.”
note: translation: "We have been told to keep our mouths shut."
...“The heads of Iraq’s political blocs must take advantage of the political calm that followed the visit of the Kurdistan region’s president to Baghdad to pass the Oil and Gas Law.”
Memphis note: one word here: "MOMENTUM"
..."The Oil and Gas Law is under discussion in all basic, strategic and high level sessions. For this reason, ad-hoc committees were formed to approve it.”
He confirmed that “the members of the parliamentary Oil Committee will submit the recommendations of the ad-hoc committee to approve the law.” Yet, he refused to disclose these recommendations.
Memphis note: lest we "miss the forest for the trees" here....
It seems to me the obvious question is: "Who CARES what the details are of the committee's recomendation?" We read clearly here that they are voting a 'thumbs up'. THAT's the story here....
Shara added that “it seems that everyone objects to allowing this law to be transferred to the next parliamentary session."
Memphis note: He is speaking here to the 'climate', the 'atmosphere' and the 'momentum' and the message is clear that the Oil and Gas law will be passed, based on their words AND the momentum that I see, it is assured.
Read more: http://www.al-monitor.com/pulse/originals/2013/07/maliki-barzani-rapprochement-oil-law-iraq.html#ixzz2ZVIoarpB
Memphis note: Without MEANING to seem dramatic....this may be my last post on Iraqi news.