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Thursday, December 22, 2016

KTFA UPDATE, 22 DEC

KTFA:

Baker:   I walked into Citi Bank yesterday just to see what they would say. The teller was surprised when I asked if they sold the Iraq dinar.

She looked it up and said why yes we sell and buy dinar! I just wanted to see for myself.
Blessings to all the family!

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Aggiedad77:  This is all solely my opinion......because Frank and his TEAMS know infinitely more than I do of the details concerning our investment....but I got to thinking about the price of oil.....the $60/barrel price is key.....the reason so....IMO.....is that the $60 price is Brent Crude price.....it is always....always higher priced than the Iraqi oil will be per barrel.....

Reason being is partially based on purity of the Iraqi oil....but also on how far it has to go to market.....transportation has to be factored into the price.....the Brent Crude is a major hub price for all oil of the world....even the WTI.....floats off the Brent as well.....again purity is a part of the picture.....but so is market transportation costs.....

That said.....when you see Brent at say $60/barrel.....the Iraqi oil depending on which purity is being sold.....can be as much as $15-20/barrel less......their budget for 2017 was set at either $42 or $43 per barrel.....so when Brent is at $60.....the Iraqi's are hopefully at a break-even point or maybe slightly better......however, all bets are off if they discount their oil prices to lure buyers....and they have been known to do that to undercut a neighbor like Iran.....which muddies the water even more......

So at $60/barrel Brent.....break-even maybe....hopefully for the Iraqi budget.....above that point....gravy rolling in for the Iraqi's......sure we pay more at the pump as it goes up.....but this is an instance where I wouldn't mind that if it brings on an RV for the world.....again all IMO......Frank if this is too much feel free to throw it in the trash can.....love ya bro.    Aloha   Randy

Frank26:  No Trash ................... More a Treasure ........... TY

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