That could be true but when you factor in that we get around 1 percent of so of our oil from Libya and Libyans have no capability of blocking our oil imports from any other nation I cannot possibly see oil as being even remotely a factor here. Unless there is such hysteria these days that govt, oil campanies and our energy department would be looking to raise the price drastically for a barrel of oil as soon as they feel brawls break out down there. In any event, if oil actually rises above, say, 120 a barrel simply because of what is happening in Libya, then there are far deeper thigns to worry about as we are then letting someone completely manipulate our oil availibility and how much we think we have.
The factor IS THE WEALTH which oil produces.... and in the wrong hands the POWER that wealth welds both to it’s neighbors and the International Community.....
In Libya’s position that wealth never reached any of it’s people...it all went thru and to Gaddafi and his favored administration and family.....with the moderate population in Libya that oil wealth should have given every individual at least a moderate living...if not a comfortable living...instead they have been and remain impoverished. While Gaddafi attempted to build nuclear and chemical weapons.....a threat to every nation in the hands of that maniac!...or his sons.