In Pimpy's Investment Chat 

I keep saying the rate’s gonna come out about $1.34. I get that people are gonna try to make an argument for $3.20. I could tell you right now that the government of Iraq wants $3.20. They make a good argument for it…when it comes to the oil nations there’s only like 3 countries that are less than I think $1.35. Most of them are all over $1. So yeah there’s good reason to believe this but the point is what does Iraq have to support the rate? Iraq has to come out at the sweet spot or else it’s really gonna kill them.