Sandy Ingram   [Post 3 of 3]

…This is the most concerning issue that is brewing.  All oil revenue paid to OPEC is in US dollars…Iraq’s oil revenue is received by the US Federal Reserve first and then allocated to Iraq…The fact there are backroom talks over the position of OPEC going forward leaves [us] concerned for Iraq’s Financial safety especially if the country wants to receive oil revenues in the dinar currency.  However this would be one of the best steps to strengthen Iraq’s currency…OPECs power is being threatened from within and this could lead to an uncomfortable situation for Iraq.