Quote Originally Posted by Bubba Dinar View Post
Mining Companies, Oil Companies, Farmers and everyone else in the World can use Mining Reserves, Oil Reserves, Land, or any other un-developed asset as "Reserves". Since Iraq will "Book" any New Reserves found since they own the Land and the Mineral Rights to the Oil or Natural Gas, Iraq can use the Reserves as assets. Not the Oil Companies since they cannot "Book" the Reserves as their Asset... JMHO

Yes. I'm speaking of the country of Iraq when saying their oil in the ground is actually better than money in the bank.