It is nice to see the report, and hope the oil producing countries will use Bitcoin for the transactions
I have to say it is impossible in the foreseeable future...
I also agree with this statement.
Very hard to implement deals with btc transactions. Money via bank transfer or something of the sorts is much more reliable than using a fluctuating currency like bitcoin.
In my opinion, the only reason that bitcoin can not be used in oil trading is political needs. In fact, if we ignor the political factor, bitcoin would be advantageous in oil trading in almost all aspects.
At the same time, in some other areas in which the political factor is not very important , the situation would be different, bitcion could obtain fast development.