Question: “Why is it favorable for Iraq to set the rate above Kuwait?” It’s not that it’s favorable…You’ve got to study history sometimes. If historically Iraq’s always been above Kuwait by a small amount…Kuwait today is around $3.26 and it’s probably going to be a little bit above there. That’s a fair and reasonable guess…The country of Iraq has more wealth…minerals…resources and a whole lot more oil than Kuwait does. That’s why they’re worth more money than Kuwait…They always were historically. :Jeff
