We know that they were intending to meet yesterday to discuss the HCL, and it looks like they did meet (another miracle in Iraq, a meeting held on time!) – but we are not privy yet to the outcome of said meeting.
As much as I’d love to say I have inside info, I don’t at this time other than a few mentions that they will be addressing it again tomorrow… fingers crossed.
The Budget was also not published in the Gazette, but that doesn’t bother me.
It was stated that their deficit is 74 Billion dollars. Friends, that is 1/10th of a single Trillion. NOT A LOT OF MONEY in the grand scheme of it all!
Let’s hope the price stabilizes or even starts to go back up. One interesting thing to note – when they do RV, it will generate a TON of activity in the world economy, which will increase demand for oil, and will help drive oil back up.
So all they need to see is an upward trend in the oil price and BAM! Jump in with an RV and take advantage! I can see that happening.