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Walkingstick:  First on CNN: U.S. bombs ‘millions’ in ISIS currency holdings
By Barbara Starr, CNN Pentagon Correspondent
Updated 3:00 PM ET, Mon January 11, 2016
Washington (CNN)In an extremely unusual airstrike, the U.S. dropped bombs Sunday in central Mosul, Iraq, destroying a building containing huge amounts of cash ISIS was using to pay its troops and for ongoing operations, two U.S. defense officials told CNN.
The officials could not say exactly how much money was there or in what currency, but one described it as “millions.”
Two 2,000-pound bombs destroyed the site quickly. But the longstanding impact may be even more significant. The officials said the U.S. plans to strike more financial targets like this one to take away ISIS’s ability to function as a state-like entity.
This is a similar expansion to the target list as happened several weeks ago, when U.S. warplanes began hitting ISIS oil trucks.
The U.S. considers the Mosul strike extremely sensitive, as the building is in an area where civilians are also located, and there was a significant risk of civilian casualties.
Officials would not say how the U.S. learned of the location. But after getting intelligence about the so-called “cash collection and distribution point,” U.S. aircraft and drones watched the site for days trying to determine when the fewest number of civilians would be in the area.
Because civilians were nearby during the daylight hours, and ISIS personnel were working there at night, the decision was made to strike at dawn on Sunday.
U.S. commanders had been willing to consider up to 50 civilian casualties from the airstrike due to the importance of the target. But the initial post-attack assessment indicated that perhaps five to seven people were killed.
In recent weeks, the U.S. has said it will assess all targets on a case-by-case basis and may be more willing to tolerate civilians casualties for more significant targets.
http://www.cnn.com/2016/01/11/politics/ … rss_latest
CSHessman:  Morgan Stanley Sees $20 a Barrel Oil on US Dollar Appreciation
A rapid appreciation of the U.S. dollar may send Brent oil as low as $20 a barrel, according to Morgan Stanley.
Oil is particularly leveraged to the dollar and may fall between 10 to 25 percent if the currency gains 5 percent, Morgan Stanley analysts including Adam Longson said in a research note dated Jan. 11. A global glut may have pushed oil prices under $60 a barrel, but the difference between $35 and $55 is primarily the U.S. dollar, according to the report.
“Given the continued U.S. dollar appreciation, $20-$25 oil price scenarios are possible simply due to currency,” the analysts wrote in the report. “The U.S. dollar and non- fundamental factors continue to drive oil prices.”
Crude tumbled last week on volatility in Chinese markets after the country sought to quell losses in equities and stabilize its currency. A 3.2 percent increase in the U.S. dollar — as implied by a possible 15 percent yuan devaluation — may drive oil down 6 to 15 percent, which could put crude in the high $20s, Morgan Stanley said. If other currencies move as well, the shift by both the dollar and oil could be even greater, according to the report.
Brent crude closed at $33.55 a barrel on the London-based ICE Futures Europe exchange on Friday, the lowest settlement since June 2004. Prices extended their declines Monday, losing 2.7 percent to $32.64 at 8:10 a.m. in London.
http://www.newsmax.com/Finance/StreetTa … r=vddvegvp
Walkingstick:  Legal and parliamentary directed the Interior Ministry to pass .., oil and gas
1/12/2016 0:00
BAGHDAD Shaima Rashid
expressed Security Committee and Parliamentary Defense, its intention to approve the Interior Ministry Act during the next legislative term, stressing that the law to withdraw from the ministry to add paragraphs suit the current phase, as shown committee of parliamentary power, oil and gas law, the most prominent laws that the Commission intends to approval, at a time when the House resumes the second legislative term sessions, on Tuesday of next week, corresponding to January 19.
A member of the Commission on Security and Defence parliamentary, MP Majid Ghraoui: that the government has withdrawn many of the laws of the House of Representatives for re-formulated, and that the parliament pending These laws, noting that his committee demanded to expedite the sending and the Ministry of Interior Act.
He Gharrawi, in an interview for «morning» that «the Ministry of Interior Act read the first reading presented for debate in the parliament, before being checked out by the Ministry of Interior since more than four months» pointing out that the process of withdrawal of the law by the ministry, is aimed at «Add some amendments in accordance with the security situation, as well as to reconsider many of the joints of this law,» indicating that «the most prominent will be considered in the law is a process links between departments in the Ministry» He added MP, to reconsider this law demonstrates the ministry’s keenness on the formulation of a strong law that guarantees its work effectively, especially in relation to the fight against organized crime in the whole of Iraq.
He Gharrawi, that the Ministry of Interior, as a result of their response and concern the security file and governmental reforms, select a number of laws in order to work on the wording commensurate with the status quo , as well as the financial situation in which the impact of the adoption of some of the law-making process.
In turn, MP from the Commission on oil and energy, Mazen Mezni, that the oil and gas law of the most prominent laws that his committee intends to approval during the next legislative term.
He said Mezni «morning»: The «Oil and Gas Law of the most important laws that the Commission will seek to put in the new legislative term, especially as the political blocs cooperative and that many of the political parties that she met the Commission during multiple periods aspiring passage of this law».
and see a member of the parliamentary committee, that «the law contains a lot of items that are able to solve the problems with the province »adding that« there is in force a law to protect Iraq’s oil wealth is important and necessary, »indicating that the law is still with the government because it contains a lot of shenanigans.
and between Mezni that the Commission requested more than once from the government to speed up the sending law oil and gas, calling on the Commission to be more compatible in order to pass.
For his part, said the parliament decision, Imad John, that the preliminary agenda the next legislative term sessions «will not be important or sensitive» adding that the table defines the day before or two days before session.
He said John »Sabah» that the Presidency of the Council are decide the agenda and what ready-made threads that can Drjha, as well as topics emergency special such as situations and security issues of concern to the displaced and the status quo »indicating that the liberalization areas by the security forces will be touched him during the first The new legislative term sessions, as well as a statement to greet the Iraqi army, he said, adding there may be a request from some lawmakers on the process of the Turkish intervention and the inclusion of a statement about the execution of Sheikh Nimr al-Nimr.