Tishwash: Venezuela is ready to supply the world with oil and gas
This was in Iraq’s news
Venezuelan President Nicolas Maduro said on Wednesday that his country is “ready to supply the world market” with oil and gas , condemning the energy crisis caused by imposing “irrational” sanctions on Russia , he said, after its invasion of Ukraine.
During a visit to Caracas by the Secretary-General of the Organization of Petroleum Exporting Countries (OPEC) Haitham Al-Ghais , Maduro said that “Venezuela is ready and willing to play its role and supply the oil and gas market that the global economy needs, in a stable and secure manner.
He stressed that his government had “reformed” its oil industry, whose production had fallen to historic levels after years of withdrawal of investments and lack of maintenance, noting that Venezuela’s production is currently about 700,000 barrels per day, compared to 2.3 million barrels in 2002.
The United States imposed a series of sanctions on Caracas in 2019, including an embargo on Venezuelan oil, after Maduro was re-elected in 2018 for a second term in a vote boycotted by the opposition.
Maduro condemned the “energy crisis” resulting from the sanctions imposed on Russia, which he described as “illogical and unjustified”, and called for a “fair and balanced price” of $100 per barrel
He again called on foreign oil companies to produce in Venezuela, adding: “We are ready to gradually and rapidly increase oil production to expand and increase production of refined products.”
“Venezuela has more than 50 first-class gas projects with seismic studies conducted and all legal guarantees so that international investors” can attend “to produce gas in Venezuela and transport it to international markets,” he said.
Al-Ghais: “OPEC” is facing the most serious challenges since its establishment 62 years ago
For his part, the Secretary-General of OPEC said that the organization faces “the most dangerous and most serious challenges” since its inception 62 years ago
The administration of President Joe Biden announced in May a limited easing of some of those sanctions, a move that came as energy prices soared due to the war in Ukraine.
Russia, Europe’s largest supplier, has sharply reduced its gas deliveries, raising fears of gas shortages and price hikes. link
Sandy Ingram Article: “Law proposal includes financial aspects and $100 billion reserves expectations” Iraq has never experienced or witnessed this type of growth before. Iraq expects the currency reserves to reach 100 billion if oil prices remain high until the end of the year. The technical advisor to the prime minister explained that this figure will support the stability of the Iraqi currency. [Post 1 of 2…stay tuned]
Sandy Ingram Here’s why this is important – someone within Parliament wants to implement a new law surrounding finances…it appears the white papers are 100% in effect and the foundation of Iraq is sealed. It does not matter who the next president or prime minister is if the laws of the federal court are followed. Iraq will grow financially regardless of the political environment. [Post 2 of 2]
The Nilar: A Pan-African Gold Currency
09/13/2022 Manuel Tacanho
African countries emerged as “independent” nation-states in a context of a debt-based fiat money system, the fiat dollar standard. Independent is in quotation marks because Africa’s countries’ independence is nominal. That is said with due respect and gratitude to all brave men and women who fought, bled, and died to end (direct) colonialism. Still, Africa remains under indirect colonization. One of the most crippling, and certainly the most shackling, forms of subjugation Africa is under is monetary colonialism.
In “Africa’s Way Out of Monetary Colonialism,” the author explains why and how fiat money damages African economies and lives and points out that a common African gold currency, a long-held vision that many Africans still hold, is a way to effectively achieve monetary and thus economic independence. That being so, this article presents the nilar, a pan-African gold currency.
Why the Name Nilar?
Nothing is more symbolically and historically pan-African than the Nile River. The Nile is Africa’s and the world’s longest river. Its drainage basin includes a whopping eleven countries: the Democratic Republic of the Congo, Tanzania, Uganda, Rwanda, Burundi, Kenya, Ethiopia, Eritrea, South Sudan, Sudan, and lastly, Egypt, where the Nile crosses to reach the Mediterranean Sea.
The Nile is also the world’s most historical and culturally significant river. The Nile valley is home to some of the earliest and most remarkable civilizations. In short, the Nile River is the most iconic, mythical, and emblematic river in human history. A river that, for thousands of years, symbolizes life, development, and prosperity. Similarly, if implemented, the nilar would create a new life of stability and development for an economically unified Africa.
How to Implement the Nilar
The Central African Republic has established bitcoin as a legal tender, and Zimbabwe, an unstable and inflationary economy, has finally made the sound decision to introduce gold coins to solve the persistent problem of rampant inflation. These are little but nonetheless significant steps forward in the right direction. Moreover, they could be signs that Africa may have had enough of fiat money colonialism and the hardships it creates.
Also, a multipolar world is inevitable and may be approaching. Africa should not remain underdeveloped and dominated in that world. The nilar is the key.
The Debt Market Sell-Off Continues. Industrial Output CRATERS. Banks See RECORD Deposit Outflows…
Greg Mannarino: 9-15-2022