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February 22, 2011
10:16 • 2 years ago

Not to belabor the point about Libya and oil prices, but …

Tags: gas Libya middle east Muammar Gaddafi oil prices protests unrest

  • 7% increase in oil prices today alone; blame the turmoil source

» There’s a point to be made here: Earlier, we complained loudly that USA Today would dare focus on oil prices over the crisis in Libya. But we still think it’s important to note – but not as a lead item, above the deadly violence taking over the region as we speak. Even though 7 percent in a single morning is akin to skyrocketing. Because, if anything, this tells us about the ties between dangerous regimes and cheap oil. Lose one, and you can’t sustain the other.

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