On July 11th it was $84.69 per barrel of oil. As of the 6th of August it had dropped down to $76.17 per barrel…It is now $79.66 per barrel. This goes right back to the whole issue about the price Iraq has set per barrel in their budget. There’s an expectation…if they don’t meet it then everything they plan for ends up being a deficit for Iraq. A few month ago we heard this was a problem in Iraq and the central bank kicked around the idea of devaluing the Iraqi currency again...It doesn’t mean it’s going to happen. I’m just bringing to your attention they have spoken about devaluing the Iraqi dinar because of the rate they had set in the budget per barrel which I believe is around $70 per barrel.
