cookiemonster] we are discussing rough estimates of oil profits and budget right now
cookiemonster] so every day they are producing how many barrels??? 200,000?????????????
[OKCRN] Didn't we hear it cost them $2.00 per barrel?
[tdooly] cookie monster As I recall, at the time the $85 was set, it was odd that the price was THEN $105 and lts of people were saying, wow what a spread/profit/bonus with budget $85 and actual
price $105. THAT is probably where you got the $105.
OKCRN] So they'd make a killing at $10 per barrel
[cookiemonster] at 200,000 barrels a day which is where i think they are at... they are bringing
in 3,400,000.00 a day in extras for their budget... crazy huh
cookie monster] tdooly you are probably correct on that.... i am glad to see they have it at 85 though truly because at 105 they would be really short on their budget and would cause a major rehashing... imo....now they have no excuse but to pass
Read More Link on Right
[cookie monster] they produce 2 million a day???
[charm) stargate OK Iraq's oil capacity reached 12 million barrels per day (bpd) the country's oil minister says. Hussein al-Shahristani told reporters in Baghdad
[cookie monster] so the numbers at 2 million a day come out to 34 million dollars a day OVER what they have their budget based off of
charm] cookie monster that is not even what they take in off natural gas
[stargate]charm Iraq has never produced anywhere near 12 million barrels a day.
[stargate]raqi Oil Exports hit 2.145m bpd in December http://www.iraq-business ···duction/
[OKCRN]cookie monster Yep......according to their cost, they are making $100 profit at $102pb
cookiemonster] charm and that doesnt even add in the amount of profit PRIOR to the extra sale per barrell..
[cookie monster] that figure is ONLY the amount of dollars OVER 85 dollars a barrell...
[stargate] Iraqi Oil Exports hit 2.145m bpd in Decemberhttp://www.iraq-business ··· duction/
[generals64] OKCRN they have a $4.00 per barrell cost...I saw a financial break down about 6 months ago...Thought how interesting I had just bought diesel for $4.19 gallon
[tdooly]OKCRN Right, so at that $100 x 2.1 million = $210 million per day. I believe there are about 30 mil people in Iraq -- that is about $90 per day for every man, woman, and child!!!!! Poor Iraq!!!
cookiemonster] tdooly on a 30 day month that is 2700 dollars a month for EVERY single man woman and child...
[OKCRN] tdooly Geeze, nobody would have to work in Iraq except for the folks who load the oil up.....what a deal....too bad they aren't getting any of it yet.....(you are so smart!)
cookiemonster] tdooly and that is PER day.....
louise] Can som1 tell me Do they need to RV PRIOR to passing the Budget which will more than likely happen Monday??
[cookie monster] louise it is speculative... we hope they pass it prior to the budget but there is NO guarantee it will
[OKCRN]louise I thought the money was in the budget....but have heard it both ways....
[louise] Thanks OKCRN, I have heard that they needed to RV prior to passing the budget, so we will see, thanks again!
cookie monster] hopeful2&2 in my opinion... this is NOT fact but i think that the budget will be a good reference for us... it may or may not specifically spell out the rv... in fact probably WONT... BUT it will tell us indeed what the predicted value of the dinar is... at least at a minimum of
what it is predicted to be at for this year.