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Iraq: The Fears Factor


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February 18, 2021: The financial situation is very bad, so bad that it has the attention of senior government officials as well as populist religious leaders who have supported the continuing public, and sometimes violent, protests again corruption and misrule in general. The government budget for 2021 includes a 20 percent deficit that is covered by expensive loans. Government income fluctuates depending on the sale price for oil and how much Iraq can produce. Because of the global covid19 recession the oil price fluctuated from $33 to $43 a barrel in 2020. Iraq had to cut production to about three million BPD (Barrels Per Day) for much of 2020 to maintain its membership in OPEC (the oil cartel) and to make up for several instances of overproduction since late 2019. ....

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Iraq: We Can Steal It For You Wholesale



January 20, 2021:
The government is being pressured by the United States to crack down on Iranian weapons shipments being allowed to cross the border into Syria at guarded border crossings. The weapons shipments are often hidden from view by legitimate cargo, but it does not take much effort to reveal that deception. These weapons shipments are guarded by Iran-backed PMF (Popular Mobilization Forces) militias. There are fewer of these militiamen because their primary reason for being in an Iran-backed militia is the extra pay. The PMF brigades are paid by the Defense Ministry as if they were another part of the armed forces. The additional pay from Iran is increasingly necessary to keep militiamen in the service of Iran. The economic sanctions on Iran forced cuts of about fifty percent on what Iran spends on PMF militias. Apparently, further reductions are on the way. In part that is because all those billions of dollars going for ....

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