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2003-07-17 Iraq

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Posted by Steve 2003-07-17 2:37:25 PM|| || Front Page|| [4 views since 2007-05-07] Top

#1 I'm sure they hate it, and will try and force Iraq into OPEC again.

Posted by mojo 2003-7-17 2:49:27 PM|| 2003-7-17 2:49:27 PM|| Front Page Top

#2 Anal-retentive math nitpick:
If the "competitive" price is 40% more than the smuggled Iraqi price, then the Iraqi price is about 72% of the competitive, meaning a savings of 28%, if I understand correctly. [Ratio is 140:100, or 7/5, so reverse ratio is 5/7]

Posted by Dar 2003-7-17 3:30:13 PM|| 2003-7-17 3:30:13 PM|| Front Page Top

#3 another nitpick

doesnt OPEC just have quotas on crude, not product? I guess that would leave refinery construction as a way around quotas, but thats a pretty long term thing and something they probably take into account when setting the crude quota.

Posted by liberalhawk 2003-7-17 3:54:02 PM|| 2003-7-17 3:54:02 PM|| Front Page Top

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