Escalating violence in Libya pushes WTI crude to its highest level since the summer of 2008, the...

Escalating violence in Libya pushes WTI crude to its highest level since the summer of 2008, the April contract sitting at $104.15. OIL +2.3%.

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Comments (5)
  • Mad_Max_A_Million
    , contributor
    Comments (1175) | Send Message
    I saw an old fellow at the gas station put 80 dollars worth of gas in his F-150 and say "This ruined my day" .


    On the advice of my conspiracy theorist, I dumped the 18 MPG GMC Sierra and took up driving a (42 actual MPG) Civic to work. For those of you who don't own a good crystal ball or a conspiracy theorist, you have my sympathy.
    4 Mar 2011, 12:37 PM Reply Like
  • Bozerdog
    , contributor
    Comments (463) | Send Message
    well said!
    4 Mar 2011, 12:40 PM Reply Like
  • Mad_Max_A_Million
    , contributor
    Comments (1175) | Send Message
    Thanks, B-Dog. It's getting so, I hate to drive into a gas station due to all the sad faces.
    4 Mar 2011, 12:48 PM Reply Like
  • Tony Petroski
    , contributor
    Comments (6356) | Send Message
    Mr. Max. Times are tough. But remember they can always get tougher.


    While we worry about gassing-up our trucks (I have an F-150 that gets 7 miles-to-the-gallon and an Explorer that gets 11--I know, check the tires) real-live people are fleeing Libya to get into Tunisia! And the tourist guide at the Tunisian border left his post to flee to Lampedusa,


    so, it could be worse.
    4 Mar 2011, 02:34 PM Reply Like
  • bob adamson
    , contributor
    Comments (4560) | Send Message
    Reports from the international press on events as of March 4th and 5th in Libya describe a mixed situation for the contending parties. Pro-Gaddafi forces ostensibly have the advantage in organized, equipped and trained forces and are trying to use this advantage to effect by cowing Tripoli and attacking insurgent held areas. It is, however, open to question whether the pro-Gaddafi armed advantage on paper translates into a decisive advantage given the tribal nature of most of the army formations, the defection of most of the tribes in question to the insurgency, the loss to Gaddafi of the normal oil revenues and monies held abroad and clear lack of broad popular support.


    On the other hand, the anti-Gaddafi forces have the converse profile. While should give them the advantage in the longer run, they lack the organization to marshal their forces in the short run and this leaves them vulnerable provided (as hasn’t been the case to date) the pro-Gaddafi forces can strike effectively in force within the next week or so.


    The following articles and reports illustrate the state of affairs described above.







    4 Mar 2011, 03:13 PM Reply Like
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