This is going to be an informal article today just because I’m working on the launch of the new site. But, the Kurdish President of Iraq has not completed a final acceptable draft for the Hydrocarbon law as of yet.
There are companies from abroad that already have the go ahead to start working in Iraq oil fields but would rather wait until this law passes. This is serious business. This also puts pressure on the Iraqi Government as revenue although shared, is tied to increased production in the fields.
“Oil based recovery…” -Jim Cramer, endorsing the Iraq Banknotes as an ‘ Iraq Play ‘ on CNBC news.
Nevertheless, an oil based recovery in Iraq is evolving by the minute so it seems. Changes seem to happen much more quickly now regarding Government progress. It will be very interesting to see what changes occur with Iraqi elections and all else in 2010.
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Written by Darren Chabluk for http://DrDinar.com/blog
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