Biz, World: Not to belabor the point about Libya and oil prices, but …
- 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.