oil and gas lawAgust 31, 2011 they put through a bill that would gut intl investors profits in that country. this was widely anticipated for 2 years now that there would reform in that country starting in 2007 from dictatorship laws. This is the single most important thing affecting ALL Kurdistan investors.
The fact that Rothschilds, Sorros are in here is comforting somewhat because at least they are going to sway it in a decent direction the vote (scheduled to be done by March 2012 - based on analysits).
Whoever is in this now during this time and holding on, i commend you because you are actually making a bet and not just tinkering around with speculation.
Sorros "its not how much you make when you are right, its how much you lose when you are wrong."
We will see how this plays out. In one regard history tells me that the natives of the land will not get their way (hengeminy to kurds). However, Iraq owes the world an amazing amount of goodwill for fixing their soverignty problems for them.
I think that the end they will renegotiate our contract AS WITH ALL CONTRACTS, but there is no way that they are going to get the bill through that makes sure that the deal is fair to IRAQ people.
Rothschilds think internationally, and soverighty, and competition is a sin in their sentiment towards finance.
What a telling year we have for us. The best part is at least we are going to see something HAPPEN, great, good or okay.