8-22-2014 *Adam Montana

[Vixen]

8-22-2014 *Adam Montana ~Abadi has some time remaining to complete his new Iraqi government. The Kurdish members of Parliament had walked out and refused to participate in any government actions last month under Maliki, but...Kurdish leaders are returning to Baghdad to negotiate and take part in forming the new GOI. While some have insisted the government would be formed quickly (like last week!), I don't see that happening - I believe Abadi and the rest of the parties involved will take the full time allowed, so we will not see a fully formed and seated GOI for about 3 more weeks. Kurdistan continues to show strength and resolve - with the help of outside forces, they have at least partially reclaimed the Mosul Dam from the terrorists and IS looks to be getting desperate. On the financial and political end of the spectrum for Kurdistan, the KRG has successfully exported and sold a total of 7 million barrels of oil so far, with the proceeds sitting firmly in Kurdish banks and nothing going to Baghdad. They currently have 2 tankers sitting off the coast of Texas awaiting a decision by US Courts to allow US companies to purchase this oil... the Government of Iraq has petitioned to block this, but it's looking like the KRG will win. When that happens, LOOK OUT! Kurdistan is currently producing 300,000 barrels per day and they are projected to go higher. With their pipeline to Turkey making it completely possible to export and their list of buyers for the oil they can produce, it's going to put a LOT of pressure on Abadi to push the HCL through and get the country working together... all good for Iraq and also for the value of the Dinar!