It was really to put their foot in for oil. You can draw that conclusion pretty simply.

(The) other option (is) to use maritime agent/vessel owners' account or buy a very large suitcase!

The money was always going into Iraq.

This move will not solve the real problem - the oil cannot be refined. Even before the loss of 1.8 million barrels per day of output refineries were struggling to keep up with demand. So increasing the crude supply will not overcome this bottleneck.

Oil had a pretty big spike yesterday and that was negative. If it continues to go that way again, it could be something we start to watch again.

The metabolism of the oil industry picks up pretty smartly when oil gets above $40 a barrel. It's fair to say there are a lot of bottlenecks in the oil and gas industry, so in many ways it's ripe for investment.