BLUEWATERS2U POST - Dinar Vets

This an exceprt of an article posted today in the "Globial Polictician". If your not sure of your Investment into the IQD, then think again and read the total article, but this is the main thing i wanted you to understand, however the report has some very good thoughts on the whole idea of what its all about. very good reading.

"(Assuming) the level of Iraqi reserves at 250 billion barrels and recovery rates at 50% (both very conservative estimates). Under those conditions, recoverable Iraqi oil would be worth altogether about $3.125 trillion. Assuming production costs of $1.50 a barrel (a high-end figure), total costs would be $188 billion, leaving a balance of $2.937 trillion as the difference between costs and sales revenues. Assuming a 50/50 split with the government and further assuming a production period of 50 years, the company profits per year would run to $29 billion. That huge sum is two-thirds of the $44 billion total profits earned by the world's five major oil companies combined in 2001. If higher assumptions are used, annual profits might soar to as much as $50 billion per year."

The country has almost no deep wells, preponderant in Iran, for instance. Though the cost of production is around $1-1.5 per barrel, one tenth the cost elsewhere - while Texas boasts 1,000,000 drilled wells, Iraq barely sports 2000. The Department of Energy's report about Iraq concludes

Q: Under the Obama administration, what will be the future of Iraq? What are the possibilities that you expect?

It is wrong to believe that the long-term policies of the United States change with every new administration. As Obama is discovering now, many of the measures implemented and decisions taken by George Bush were unavoidable and must be continued. The same applies to Iraq: for public opinion and pecuniary reasons, the USA is seeking to withdraw the bulk of its troops, while working with and maintaining a largely friendly regime there. This is untenable. Geopolitics does not suffer a vacuum: as the presence of the USA diminishes, the void will be filled by Islamist militants and fundamentalists, sectarian and secessionist operatives (including Kurdish ones), other foreign powers (Russia and China come to mind), and rampant organized crime gangs. Finally, a new Saddam Hussein is likely to emerge, replete with a promise to restore law and order to the territory. The West will support him out of fear that, if it doesn't, Iraq will implode.

If you would like to read more on these thoughts and get a real grip as to what is going on in Iraq read this Q & A put together on this this Link, Every Iraq dinar investor should read this.... Blue

LINK: http://globalpolitician.com/26112-ir...ael-kirkuk-oil