Kaperoni

Kaperoni – Dinar Guru   Oil credits and reduced prices for oil is all… nonsense…Iraq could never sell oil in exchange at a reduced price…because the budget is 90% dependent on Iraq’s oil exports. And over 50% of the annual budget itself is salaries. Therefore they could never sell oil for less that that amount in the budget calculation for a particular year or they couldn’t meet their budget not to mention they wouldn’t be able to pay their people.  Maybe someday if Iraq ever had a fully functional market economy and diversified to 50% or so and the state payroll was less than it is they may be an opportunity to do something like that but that is so far in the distance…

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