VanoFord
Banned
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- Nov 29, 2010
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So w/ a barrel already above $100 from the start of this Libyan uprising, there are talks that we can easily exceed '08 gas prices. Gadhafi has stated that if the uprising doesnt stop, he's going to order the destruction of all the oil production plants. Now, why would this be important? Libya is the 12th largest exporter of oil, and among the top 5 to Europe. If Europe has to compete for inexpensive but good quality oil else where, the Worlds prices go up.
Another thing to watch is how this "Uprising Plague" is spreading. Bahrain has had its share of protests already. The Saudi Kings are attempting to keep things calm in S.A. by releasing political prisoners, giving greater benefits to the people, etc. Saudi is key to watch. It produces 9% of the worlds oil. Thats more than 2x the 2nd leading producer. If things take a turn for the worse in S.A., the gas lines of the 70's will look like NOTHING...
Thanks for lettin me rant on just one of the many "serious" topics i read about day in and day out. i mean, i just aint all
Another thing to watch is how this "Uprising Plague" is spreading. Bahrain has had its share of protests already. The Saudi Kings are attempting to keep things calm in S.A. by releasing political prisoners, giving greater benefits to the people, etc. Saudi is key to watch. It produces 9% of the worlds oil. Thats more than 2x the 2nd leading producer. If things take a turn for the worse in S.A., the gas lines of the 70's will look like NOTHING...
Thanks for lettin me rant on just one of the many "serious" topics i read about day in and day out. i mean, i just aint all


