10-9-12 BGG: "The President of the Republic National announce the date of the meeting in the next few days, after the arrival of the talks by the leaders of political blocs, to advanced stages. Iraqi held a meeting Wednesday attended by all leaders.
A source in the Iraqi List MP said the list next Wednesday will hold a meeting he described as significant headed by its leader, Iyad Allawi, and the presence of all the leaders of the list." So it looks like Talabani might announce a National Meeting in a few days (after he gets the main leaders a little closer together), and Allawi is having a big session this Wednesday. That’s all good. However, if Maliki is just playing games – I have said all along, they will remove him. Read more
10-9-12 Mountainman: The World Bank investing 100 million in Iraq and the announcement that their oil production is continuing to reach record levels is a great sign. IEA's chief economist said that in order for Iraq to fully reap the benefits and move forward as a nation, they must pass the HCL, revenue sharing and the latest reforms.
Read More Link on Right
We've been saying all along that the Hydrocarbon law is key. The IEA said today that if reforms are delayed, production growth would be slower, costing the Iraqi economy $3tn in lost national wealth and would bring difficult times to international oil markets. You can be sure that Iraq will not let that happen. Greed will force growth and a resolution.
The recent temporary revenue agreements have shown that they can come to a compromise and the 100 million from the World Bank is most likely to beef up their infrastructure in order to facilitate the upcoming economic reforms. Lets not also forget that Iraq is now ranked 3rd in the supply of gold bullion to the UAE worth $1.27 billion. There is no way they will continue to, deserve, or can justify having a worthless currency. It's only a matter of time.
10-9-12 Gregp: It sounds like they are getting close to the meeting. Let's hope and pray, they can get this done, so they can feed their poor, and help bail out the US, and Europe. "President Talabani will bring together the terms of the Erbil and paper Reform and visions of the blocks to provide a unified paper at the National Meeting." Read more
10-9-12 HisHands: "IEA: Iraq oil output to more than double by 2020." He warned that this would only happen if the hydrocarbon law is passed. “It is in everyone’s immediate interest in Iraq that there is agreement on the governance of hydrocarbons and revenue-sharing,” Mr Birol said. GM everyone! If they would only pass the HCL so many things would fall into place, including our hopes for an RV!