• 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.

Posted by Ernie Smith • Permalink