Backdoc: WITH ALL THE WORLD EVENTS SEEMING TO CONCLUDE OVER THIS WEEKEND WITH IRAN AND GREECE I REALLY LIKE WHERE WE ARE.
IF IRANS' DEAL GETS ANNOUNCED OVER THE WEEKEND LOOKOUT ON MONDAY FOR THE MARKETS.
IT MIGHT START TO SEEK A LOWER LEVEL DUE TO OVER SUPPLY OF OIL DUMPING BY IRAN.
WOULD THIS BE THE PERFECT SETUP TO RELEASE A RATE SOON SO THAT SALARIES WILL BE PAID.
I SMELL AN ASSET BACKED SYSTEM SEEKING TO BE FOUND VERY SOON.
OF COURSE JUST MY OPINION DOC
Mountainman :IMO.....This is a GLOBAL MR.....MANY Debt Slaves will be RELEASED in this JUBILEE!!!....(See Article Below)
Like it or not.....It's an OPPORTUNITY for 195+ Countries to RESTART their VALUE and IRAN is No different...Except that their STOCKPILE of OIL will Infuse their Currency as SANCTIONS are lifted and MORE Stability is Negotiated in Trade Contracts!!!
Don't think for a Minute COAPORATION is NOT Front and Center in these Trade Talks......
As for the OIL....Well perhaps they will PHASE this ASSET in "PHASES"....Pun Intended...LOL ...So as to NOT SHELL SHOCK the Market......CHEAP,CHEAP GAS......
FILL er UP Boys.....Zoom,Zoom,Zoom.....Nooo, NOT on A CAMEL....Maybe a CARRERA......PORSCHE....EVEN....
ThunderHawk: Oil prices are poised to fall further as Iran talks continue
It’s just a matter of time before sanctions on Iran are lifted. And when they are lifted, oil is likely to tumble further as the Persian Gulf country boosts production and battles swing-producer Saudi Arabia for market share.
Crude-oil for August delivery CLQ5, +0.10% has been walloped with a 12% fall so far in July on the New York Mercantile Exchange. Prices touched lows under $51 a barrel on Wednesday. They stand at their lowest levels since April.
August Brent crude traded on the ICE Futures exchange LCOQ5, +0.12% has seen a month-to-date loss of more than 11% and traded at $56.42 a barrel on Wednesday.
But oil prices are poised to fall further as a nuclear deal between Iran and the U.S., China, France, Russia, the U.K. and Germany appears likely. Such a deal would unleash a new supply of crude oil back on to the market.
If sanctions are removed ‘I’d expect Iran to quickly return to the OPEC fold, very much as Iraq has done, increasing supplies as they please in an effort to claw back market share.’
Matt Parry, IEA
Assuming the sanctions are removed, Matt Parry, senior oil analyst at the International Energy Agency, said he expects Iran to “quickly return to the [Organization of the Petroleum Exporting Countries] fold—very much as Iraq has done, increasing supplies as they please in an effort to claw back market share.”
Talks between Iran and six world powers are extended beyond Tuesday’s deadline, but an agreement that would lift sanctions on Iran is expected to be reached eventually.
“Iran will not care much about the recent falls in oil prices,” said Fawad Razaqzada, technical analyst at FOREX.com. “They will try to sell as much of the stuff as possible like all the other OPEC members—for if they don’t, they will lose out.”
Crude-oil prices already are under stiff pressure from other major oil producers, with Monday’s trading highlighting the carnage. Saudi Arabia, OPEC’s largest producer, has made it very clear that it intends to keep production high so it won’t lose market share to non-OPEC producers, including U.S. shale producers. Read: As U.S. cuts, Saudi oil-rig counts hit record highs
“The Saudis are producing well over any quota they ever had, and I expect them to continue to do so even if Iran re-enters the market,” said James Williams, energy economist at WTRG Economics.
OPEC output climbed in June to 31.28 million barrels a day, its highest monthly level since Aug. 2012, according to a Platts survey released Monday. Output from Saudi Arabia edged up to 10.35 million barrels a day, while Iran’s output has been stable at 2.85 million barrels a day.
OPEC-member Iran, meanwhile, has also expressed its willingness and ability to quickly ramp up oil production once sanctions are lifted, adding more oil to already oversupplied global market. Analysts have been debating about just how much oil it is capable of adding and how quickly.
Iran won’t be able to be anywhere “near as big a player as the Saudis,” Razaqzada said. But “the fact of the matter is that Iran will eventually contribute up to 1 million barrels of oil per day more to the already-saturated market. That should help to keep prices under pressure.”
There are also tensions between Iran and Saudi Arabia to consider.
“If sanctions were lifted on Iranian oil, it would just give Iran the ability to fund more of the military operations it is behind today,” said Williams.
“Almost without exception, they are ventures which are at odds with the Saudis,” he said. “Support of Assad [regime in Syria] and [Lebanese] Hezbollah as well as the Houthis in Yemen are two examples.”
Williams said that one of the ways the Saudis can indirectly fight against that would be by “leaving production high and not backing down to accommodate new Iraqi oil.”
The lower oil prices that result will “counter some of the additional income Iraq would have from higher oil sales,” he said. The Saudis will “want to add economic stress to Iran.”
Bluedog: » July 9th, 2015, 3:04 am
Union of Forces: the rights of the Sunni component in the National Guard Law stolen
LOOK THIS NATIONAL GUARD IS DONE ....IT HAS BEEN IMO DONE DONE DONE SUNNI HAVE BEEN INFORM HOW IT WILL WORK AS HERE STATE PER STATE
WOW LAWS INSIDE LAWS
WOW JUST HOW THE USA DOES IT .....THESE MILITARY SERVICE MEN AND WOMEN HAVE BEEN TRAINED FOR SOMETIME ....WOMEN NOT SURE.... MEN YES READY
PAPPA-J: MAY I SUGGEST THAT YOU WATCH VERY CAREFULLY WHAT IS HAPPENING WITH CHINA'S MARKET RIGHT NOW,
THEY HAVE ALREADY SLID DOWNWARD 30% PLUS----
THEIR GOV. CAN BY DECREE ORDER A CLOSURE OF THE MARKET TO STOP TRADING IF THEY NEED TO QUIT BLEEDING
OUR FREE MARKET DOES NOT HAVE THAT EXACT ABILITY, BUT WE DO HAVE IN PLACE THE ABILITY TO HAVE COMPUTER GLITCHES TO SOFT WARE THAT IS INSTALLED LIKE YESTERDAY!!!
NO GLITCH IMO.... MARKET WAS TESTING SAID --- NEW CURRENCY VALUES--- NO NO I MEAN NEW SOFTWARE!!!
CHINA IN OTHER WORDS IS A MODEL FOR WHAT IS TO COME PJ
Hawk006 :I have a question for discussion.What will happen to real estate in the fall if the value of the dollar drops? Thanks for all the valuable insight and opinions!
FA-7: All of this is IMO... If the dollar drops or.... We go to the UST-Bill with a new value against goods.... IMO some including Real Estate will take some time to adjust to the new value... All IMO..
JDTolle » July 9th, 2015, Earning it
Is there something you want in life, and yet you never put forth any effort to make it happen? You probably don’t really want it.
If you borrow someone else’s goal, and fail to reach that goal, you haven’t really failed. You’ve given yourself the opportunity to re-evaluate your choices and your direction.
When you don’t really have the desire to do the work, then you don’t really have the desire to reach the goal. Because the value of the reward is created by you, in the process of earning it.
What things can you get excited about working toward? Those are the things that will bring true fulfillment to your life.
What do you consider to be worth your time, effort, and resources? What would you willingly make sacrifices and endure difficulties to create?
How do you know what’s really, truly important to you? It is whatever you are willing to earn.
Ralph Marston Wishing All a safe and blessed day JDT
P.S. People forget how fast you did a job -- but they remember how well you did it.
-- Howard W. Newton