Of course if the BoA really knows that Libyan oil production may shut down for an indefinite period then all bets are off..
With a FWIW from this link...
Places the light sweet crude is found include, in addition to Texas and Louisiana, substantial deposits in Alaska - possibly placing the onus of energy concerns on protected wildlife refuge areas. Outside of the United States, it comes from Canada, China, Australia and Algeria.
And by the way, anyone know why the UN Security Council session on Libya today is closed door? Are closed door sessions unusual?
I think whenever they’re going to be “frank” and “open” they shut the doors- God forbid anyone knows what they really think- wouldn’t it be great if Wikileaks did a doc dump on the UN?
Meanwhile:
DRILL, BABY, DRILL!!!!!!!!!!!!!!