I don’t think people realize how critical the current oil market is tied to the value of the currency of Iraq. As of today, crude oil futures are about $106 per barrel…A little over a week ago oil was trading at about $67 per barrel of oil. That’s a significant increase.
We’re probably going to see gas prices…close to $4.00 a gallon this week, maybe even higher. Even though that sucks…this is a very positive thing for the possible revaluation of the Iraq dinar…Higher oil prices are super super important for the backing of the currency we are all speculating is going to revalue…Iraq is #5…oil producing counties in the world…As oil prices increase, do does the Iraqi reserves…Oil is skyrocketing. : Steve