Thursday, February 24, 2011

Libya - Oil I don't Get it?

Libya produces 2% of the world's oil and gas, its production goes mostly to Europe and specifically Italy. Since the February 17th Brnet Crude went up over 25%, I don't get it 2% reduction eauivalent to 25% price increase some trader is making tons of money here and we are all being penalized. I guess we will have to bail out some rich Wall Street Bankers once more. I will never vote for a corrupt politician!

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