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Samson: Iraq: OPEC agreement to prevent the collapse of oil prices to below $40

2018/12/24 7:50

The Ministry of Oil, the importance of the agreement of the Organization of Petroleum Exporting Countries (OPEC) to reduce production and save oil prices from the collapse.

Current prices are $ 54 a barrel in the Brent global benchmark. “If Iraq did not agree with OPEC on a certain reduction rate, there would be a collapse in oil prices to below current prices,” ministry spokesman Asem Jihad told AFP.  He added that “Iraq in the latest agreement of OPEC cut its share of 220 thousand barrels per day in the first agreement to 140 thousand barrels per day,” expressing regret “to criticize some of the oil policy of not possessing sufficient knowledge in the process of agreement within OPEC,” stressing that “the Ministry of Oil is looking for an interest Iraq in the first instance.” 

“If the OPEC countries did not reach a reduction in prices at the last meeting, prices would fall below $ 40 a barrel, and Iraq would be affected,” he said. “What is the point of Iraq exporting large quantities of oil at low prices?” “The agreement is a temporary rather than a long-term measure, which is for six months during which the oil market will be followed, and then there will be another meeting this period to evaluate the agreement and the extent of its service to the producers’ benefit,” he said.

And the maintenance of the stability of prices and the importance of moving it or take other measures and these are all steps to stop the deterioration of prices.”  He continued Jihad, “The Ministry of Oil is the representative of Iraq in OPEC and is looking for his interest and other dissidents and not bidding in that is keen on everyone to take the necessary steps that protect the interests of Iraq, which is part of the international system, which can not be outside and resolutions are usually the solidarity In the convergence of views.”

The OPEC member states agreed on the seventh of this month to reduce production by more than one million barrels per day in an attempt to boost prices. The deal is due to start in January and for six months.  The plan, which includes production cuts of 1.2 million bpd, came in response to a sharp fall in world oil prices by about 30 percent since October.

Iraq’s share of production cuts is 140,000 bpd.  Oil Minister Thamir al-Ghadhban said on Sunday that Iraq wanted to extend the cut-off agreement between OPEC and independent producers in April.  Al-Ghadhban said he agreed with Saudi Energy Minister Khalid al-Falih’s expectations on the possibility of renewing the agreement, adding that Iraq would monitor the course of oil prices and its development over time.   LINK

Western civilization heading for a reboot over the holidays

By Benjamin Fulford, White Dragon Society

2018-12-24

Excerpt:  Many signs and confirmations from highly placed sources indicate that a reboot of Western civilization is being planned for 2019. The shutdown of the U.S. government over the holidays, for example, has nothing to do with building a wall, and everything to do with a financial reboot and upcoming military tribunals.

However, what is coming is about much more than just rounding up the criminals who hijacked and bankrupted the U.S. government—it is about fixing the problems besetting monotheism.

Since today is December 24th, Christmas Eve, it’s a good time to remind people of the historical truth behind this holiday. The fact is that nobody knows when Jesus Christ was born, so the early Christian church hijacked the old solar New Year holiday and replaced the sun with Jesus. Here’s the thing: the sun sets at its most northern point on December 21st, the winter solstice. For three days afterwards, it appears to set at the same place, and then on December 25th it starts setting further south, marking the birth of the solar New Year. Thus, the Christian church needs to confess and tell people the truth about Christmas without in any way denying the wonderful teachings of Jesus Christ and Christianity.

The Jews, for their part, need to stop celebrating the xenophobic Hanukkah and realize that it is perfectly kosher to celebrate the solar New Year (unless they somehow think the Creator did not make the sun). Anyway, Merry Christmas to the Christians and Muslims, and Merry Sunmas to everybody else.

These issues, together with discussions of updating the calendars to bring them back into line with the movements of the heavens on which they are based, are going to be part of a broad public discourse in the New Year. That is because, at the highest levels of world power, a decision has been made to go ahead and rebuild the temple in Jerusalem and turn that city into an international free zone. This is why 2019 is likely to be a year for the history books.

In preparation for these upcoming historical changes, U.S. troops are being withdrawn from various conflict zones in order to pave the way for world peace, CIA sources say. Pentagon sources agree, adding that “U.S. President Donald Trump is pulling out of Syria, Afghanistan, Yemen, and the Ukraine to terminate the Deep State and the Zionists, since the global currency reset requires peace and cessation of hostilities.”

European royal family sources concur that preparations are under way for a reboot of the global financial system. The current U.S. dollar, Euro, and Japanese yen-based system is bankrupt and dysfunctional, these and other sources agree. This is especially true of the United States, which has been bankrupt for quite some time now, the sources say.

Full post will be available at Midnight Thursday 12-27-18

https://benjaminfulford.net/