11-2-12 Mike: Chapter 7 is what we have over Maliki to form his government. In order to stop us from looking like we are standing in the way, remember Chapter 7 gives us certain benefits to do things, to move in and take care of things.
If you give Maliki Chapter 7, then you are releasing him from having to form his government to get the prize. That needs to happen. We need Chapter 7 as leverage.
The Kuwait thing with Chapter 7 is just Window Dressing. Kuwait has released them from everything they needed to do. Maliki negotiated all of that.
They have gone out and done what they needed to do and they did it. WE like it but you don't want to release them before they have their government formed period.
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11-2-12 Mountainman: The Oil Ministry just announced that a new round of private licenses exclusively to increase production of crude oil. But oil is not the only thing Iraq has going for it.
They have discovered huge amounts of gold deposits and minerals.
There was a great quote that just reaffirms what we already know. Iraq is an extremely wealthy country with many untapped resources and that's why private companies are pouring into Iraq.
They are about to be released from Chapter 7 and there is no reason for their currency to remain worthless. Economic expert Sattar just said, "Specialized international companies are extracting minerals and invested for the advancement of the national economy.
Iraq possesses many untapped natural resources. Iraq is from rich countries in natural resources and has a wealth great either in the ground or outside, but still untapped metal phosphate, sulfur and mercury.
It is necessary to exploit those minerals to diversify sources of national income and strengthen the national economy and development."