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WHO LET THE DOGS OUT?
EVERY TIME WE TURN AROUND WE HEAR ABOUT "THE DEAL". WHOS DEAL? THE UN’S DEAL?, THE UK’S DEAL?,THE SWISS’S DEAL?, OR THE U.S.’S DEAL? MMMM
WELL, THERE ARE A LOT OF COMPLICATED FORCES AT PLAY HERE SO LET’S WORK THROUGH A FEW SHALL WE? GOOD.
LET’S START WITH IRAQ SHALL WE? WE’VE BEEN WATCHING WITH GREAT EXCITEMENT AS THE SECOND REFORM PACKAGE PASSED.
WITH THE KEY REMAINING LAWS SLATED TO BE PICKED OFF LIKE A SNIPER ONE BY ONE, THE MOMENTUM IS BEGINNING TO BUILD.
OF COURSE THE KEY LAW TO RECONCILIATION IS THE NATIONAL GAURD LAW, JUST AS BLUE DOG SO ELOQUENTLY DESCRIBED. WITH ALL 3 TRIBES ESSENTIALLY BEING ABLE TO PROTECT THEIR OWN TURF, REAL PROGRESS WILL GO UNABATED.
AS A RESULT OF THIS LAW AND THE REVAMPING OF THE JUDICIAL BENCH, THE MONEY LAUNDERING LAW LAW WILL SHINE LIKE A LIGHT IN A DARK ROOM AS WE WATCH THE COCKROACHES RUN TO HIDE IN DARK CORNERS AS MY BROTHER SAID. HEE HEE, I AGREE!
THE REAL ISSUE IN IRAQ IS MOSTLY TIMING AS THEY BEGIN TO SPREAD THE REMAINING PROCESS OUT! WHY SLOW DOWN NOW? AHHH WELL, A DEAL IS NOT A DEAL UNLESS ITS GOOD FOR BOTH SIDES!
WELL, WHAT TWO SIDES? THERE ARE A COUPLE OF TWO SIDES! LET ME EXPLAIN.
THE EMPIRE IS MAKING A DEAL WITH IRAN TO RECOVER THEIR BILLIONS OF DINAR MALIKI ALLOWED TO FLOW OVER THE IRANIAN BOARDER. AS WE’VE SEEN FROM ARTICLES THAT DINAR HAS NOW BEEN RECOVERED.
THAT ALLOWED DR. S TO PULL IN THOSE REMAINING BILLS IN ORDER TO REDUCE THE NOTE COUNT TO ACHIEVE THE PROPER LEVELS FOR DR. S!
SO, WHAT DOES IRAN GET OUT OF THE DEAL?
REALIZE, THIS SOME OF MY OPINION, AND SOME WELL KNOWN FACTS! IN SHORT, THEY GET RELEASED FROM SANCTIONS TO THE WORLD AND MORE IMPORTANTLY GET THEIR SWIFT CODE TURNED BACK ON WITH A RATE!
WITH THE VALIDATION OF THOSE DINAR NOTES BEING RECOVERED WE SAW A TIMELY RELEASE OF SANCTIONS FROM THE UN, UK PARLIAMENT, AND THE SWISS DID WE NOT? OHH YA!!
NOW FOR THE REMAINING GLITCH IN THE WHOLE DEAL, THE U.S. !! WHY IS THIS A BIG DEAL?
THE U.S. TREASURY ARGUABLY HOLDS SUBSTANTIAL AMOUNTS OF DINAR AND CONTROLS IN PART WITH THE IMF THE RELEASE OF THE DINAR RATE AND DATE!
WITH IRAN ON THEIR WAY OUT OF THE PROVERBIAL DOGHOUSE, THE RELEASE IS MORE THAN COMPLICATED.
I SUBMIT TO YOU THAT TO THE U.S. THIS DEAL IS MORE THAN UNPOPULAR! BUT REALITY IS ON ITS WAY!
WITH THE OBAMA ADMINISTRATION CONSUMMATING A DEAL, THE CHANCE OF REVERSAL IS NIGH TO IMPOSSIBLE EVEN IF PARTISAN REPUBLICANS REJECT THE DEAL. IF THEY DO A HASTY PRESIDENTIAL VETO AWAITS ITS FATE.
THEN TO ACHIEVE A 2/3 VOTE SEEMS ALL BUT IMPOSSIBLE. FOR REPUBLICANS THAT POSSIBLY REJECT "THE DEAL" THEY CAN SAY THEY TRIED AND SAVE FACE TO THEIR CONSTITUENTS! BESIDES THEY WOULD BE AN ISLAND TRYING TO PREVENT THE WORLD FROM BUYING IRANIAN OIL. THAT WON’T GO WELL! LOL
REGARDLESS OF WHAT THE U.S. DOES IRAN GETS A GET OUT OF JAIL FREE CARD, AND OUT OF THE DOGHOUSE THEY COME TO JOIN ALL THE DOGS OF COMPETITION IN THE WORLD!
LET’S NOT FORGET THAT THEY GET A RATE TOO! AND DON’T BE SURPRISED IF IT’S HEALTHY ONE BY THE WAY!
WITH NEWLY FOUND MASSIVE GOLD DISCOVERIES WHICH I’M SURE THE IMF CONVENIENTLY KNOWS ABOUT, INCREASED OIL PRODUCTION LEVELS PRESENTLY AT 2.9 MILLION BARRELS PER DAY COMPARED TO 1.2 MILLION BARRELS PER DAY WHEN THEY WENT UNDER SANCTIONS 15 YEARS AGO, AND AN INCREASED REFINING CAPABILITY, THEY ARE NOT THE SAME IRAN THAT UNDERWENT SANCTIONS 15 YEARS PRIOR. THEY STAND TO MAKE OUT LIKE A BANDIT!
WITH THAT PREVIOUS RATE PRIOR TO SANCTIONS, WHAT WOULD COMMON SENSE TELL YOU IT WOULD BE WORTH NOW? MMMM
NO WONDER THIS IS COMPLICATED!! YOU SCRATCH MY BACK AND I’LL SRATCH YOURS! MMMM A LITTLE OVER TO THE RIGHT PLEASE, AHHH THAT’S BETTER!
SLAP! NOW GET BACK TO WORK DOC! SORRY, THAT FELT SO GOOD!
NOW THAT’S DEAL NUMBER 1!
DEAL NUMBER 2 IS OPEC!
WHY IN HEAVENS NAME WOULD OUR ANTI- "DRILL BABY DRILL” PRESIDENT, AND GREEN-WEENI ADMINISTRATION WANT TO DRILL IN ALASKA WHEN THEY COULDN’T EVEN PASS THE KEYSTONE PIPELINE? HEEE HEEE
IT’S TIME TO PUT THE PRESSURE ON OIL PRICES TO BREAK OPEC! THEY CAN’T MAKE THEIR BUDGETS AT 40 DOLLAR OIL! HEE HEE
IN IRAQS CASE, THIS WILL MORE THAN MOTIVATE THEM TO COMPLETE THEIR LAWS AND BE READY TO DIVERSIFY THEIR ECONOMY UNDER AN IMPROVED SUPERCHARGED DEMOCRACY!
IRAN, WELL, THEY JUST GOT LET OUT OF THE DOG CAGE AND SINCE THEY HAVE BILLIONS STORED THEY CAN SELL MORE AT A LOWER PRICE AND CAPTURE MARKET SHARE BACK.
SAUDI ARABIA, WELL I’M NOT READY TO SHARE WITH YOU YET ON WHAT THEY GET! SO, FOR NOW THEY ARE SLASHING THE FAT OUT OF THEIR BUDGETS LIKE CRAZY!
TODAY WE SEE OPEC WANTING TO TALK NOW! HEE HEE LIKE I TOLD YOU UNLESS EVERYONE WORKS POLITICALLY TOGETHER WITH VERIFIABLE HONESTY, OIL PRODUCTION LEVELS WILL CREATE A NEW LANDSCAPE!
THE MIDDLE EAST WILL NOT BE ABLE TO SUSTAIN PROLONGED LOW OIL PRICES! THEIR ECONOMIES ARE NOT DIVERSE ENOUGH. THE ONLY SOLUTION IS A POLITICAL SOLUTION!
IT MAY BE TOO LATE BY NOW FOR A VIABLE SOLUTION IN THE NEAR TERM!
A CRISIS IS IN THE MAKING!
BLACK GOLD IS THE SINGLE UNIVERSAL CURRENCY CAUSING MASSIVE DEFLATION WORLD WIDE AS PRICES COLLAPSE!
MARKETS WILL CERTAINLY CRASH. THE SPEED OF WHICH THIS IS HAPPENING IS NOT ADAPTABLE TO COMPANIES OR COUNTRIES!!
AS PRICES DROP WORLD WIDE WE WILL SEE CARNAGE! I EXPECT THE WORST IN MARKETS TO CONCLUDE ON MONDAY THE 14TH OF SEPT..
THEN WE LOOK FOR THE FED TO RAISE INTEREST RATES TO ADD FUEL TO THE FIRE. AND LAST BUT NOT LEAST WE WILL HAVE THE HOTLY DEBATED DEAL BE ANNOUNCED ON THE 17TH OF SEPTEMBER!
THEN, THE LONG AWAITED IRAN DEAL WILL GET THE BALL ROLLIN!
REALIZE BOTH, THE DINAR AND THE RIAL WILL GO TOGETHER JUST LIKE A WEDDING! THAT’S "THE DEAL"! JUST LIKE THE SHIA BROTHERS WANT!
WITH OIL PRICES REMAINING LOW AND THE LIKELIHOOD THAT THE U.S. WILL RELEASE ITS RESTRICTION OF SHIPPING OIL OUTSIDE ITS BORDERS, THERE IS SERIOUS MOTIVATION TO NOT ONLY GET THIS DONE BUT TO NEGOTIATE PRODUCTION LEVELS WORLD WIDE! HEE HEE
REMEMBER WHAT I TOLD YOU, "HE WHO CONTROLS TRADE CONTROLS CURRENCIES”!
THE EMPIRE WILL CONTROL TRADE! CHINA IS THE FIRST EXAMPLE OF A COUNTRY BEING MARGINALIZED!
THERE WILL BE EVERY REASON TO BELIEVE THE PRICE OF OIL WORLD WIDE WILL REMAIN LOW FOR YEARS TO COME AS EVIDENCED BY WARREN BUFFET TAKING A 4.5 BILLION STAKE IN PHILLIPS REFINERY BECAUSE THE PROFITABLE PART OF THE OIL INDUSTRY WILL NOW SHIFT TO REFINING!
THE PAST IMBALANCES OF OIL PRICES ARE A THING OF THE PAST SINCE THE U.S. WILL BECOME THE SWING PRODUCER, KEEPING THE MIDDLE EAST PRICES COMPETITIVELY LOW! THE "DOGS OF COMPETITION" IS THE NEW BUZZ WORD! WELL, NOT REALLY, I JUST MADE IT UP, HEE HEE! BUT SERIOUSLY, EVERY PRODUCER WILL HAVE TO WORK LIKE A DOG TO COMPETE FOR BUSINESS!
SERIOUSLY, "WHO LET THE DOGS OUT"? HEE HEE 8@8, DOC IMO
Americas Will Take Brunt of Any Oil Output Cuts When Iran Returns
The Americas will take the brunt of any cuts in oil production as Iran increases output once international sanctions are lifted, according to a report by A.T. Kearney Inc.’s oil and gas consulting practice in Dubai.
North, South and Central American oil production could fall 1.1 million barrels a day by 2020 because of higher costs as Iran’s output climbs, starting with an increase of 800,000 barrels a day next year, Chicago-based A.T. Kearney said in a report to be issued this week. Brent crude prices are seen trading at $45 to $65 a barrel next year, according to the report. The international benchmark was trading at $52.85 a barrel on Tuesday.
“With Iran coming back on, there’s the prospect this is going to be a longer-term lower price than we’ve seen before,” Richard Forrest, A.T. Kearney’s lead partner for energy, said in an interview in Dubai on Sunday.
“If you look at where the production comes out, it’s North American shale and it’s offshore.”
Iran is preparing to double output after international sanctions end, bringing as much as 1 million barrels a day of new supply into the market. In the U.S., crude production fell as New York oil prices dropped almost 50 percent in the past year on a glut. The U.S. government on Monday said June production fell to 9.3 million barrels a day, the lowest since January.
Iran could boost production by as much as 800,000 barrels a day in 2016, said Eduard Gracia, a principal at A.T. Kearney and co-author of the report. A.T. Kearney assumes Iran can boost output by an average of 6 percent a year from now until 2020 as long at it attracts foreign investment to help develop its fields. That pace would put Iran’s output of crude and condensate at 4.955 million barrels a day in 2020, or an increase of about 1.5 million barrels from today, according to A.T. Kearney.
Iran and six global powers reached an agreement in July that would limit the Persian Gulf country’s nuclear program in return for removing sanctions on its energy and financial industries. The restrictions cut its oil output from 3.1 million barrels a day in July 2012 to as low as 2.5 million barrels in
May 2013, according to data compiled by Bloomberg.
The projected drop in production in the Americas is equivalent to a 4 percent decline from 27.5 million barrels a day now, according to A.T. Kearney, which estimates Middle East production at 26.3 million barrels a day. Prices by the end of the decade will allow fields with production costs of $60 to $80 a barrel to produce at profitable levels, according to the study.
“While any oversupply has some impact on price, it’s not going to be as dramatic as what we saw in the previous shifts,” Forrest said, referring to the period when Brent fell from over $100 a barrel in July 2014 to less than half that six months later. That drop was due to concern about slowing global demand, he said.
Iran’s state-run Islamic Republic News Agency has reported production could increase by 500,000 barrels a day within a week after sanctions end and by 1 million barrels a day within a month after that. Sanctions against Iran’s oil industry should be lifted by late November, Oil Minister Bijan Namdar Zanganeh told state TV last month.
Iran may also increase petrochemical output, creating a potential for increased exports and lower prices, Gracia said. Iran has the world’s biggest natural gas reserves, according to BP Plc data. “Petrochemicals is a way to get their gas exported in the form of another product,” Gracia said.