In MarkZ 

[via PDK]   [Nick Fleming said that the white paper from Iraq is showing $11 as starting point for international rate. Is this accurate?]  I have not seen $11 dollars, but it would not surprise me. Dr. Shabibi once made a case for $12 – $12.42 back in the day…and oil is worth a heck of a lot more now then when they first proposed it.   [reference Guru Fleming post below]

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