Quote:
Originally Posted by dyna mo
that's not how it works.
google opec and read up.
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I'll be sure to let the citizens of both Iraq and Afghanistan know that's not how it works.
I know what OPEC does and that has nothing to do with the US doing whatever it needs to do to accomplish whatever it is trying to accomplish, for whatever reason they are trying to do it. There are TWO warships off the coats of Libya right now and US special forces are on the ground and inside of the country. At the moment it's only for humanitarian and training purposes (so they say) but don't think for a second that if a chance is there to lock down one more country in the region that they won't take it.
Quote:
Originally Posted by Rochard
Fuck everyone. Libya produces two percent of ALL oil produced, and 95% of it goes to Europe. Not sure why it would effect anything.
Supply and demand? They supply only a small fucking percentage of oil, and demand is down right now. Sheep.
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But there is only one price for oil. 99.999% of it could of to Europe and we'd still have the same problem. Oil price goes up for Europe, it rises everywhere. And also works the other way around.