It is either 600 or 900 miles from Benghazi to Tripoli, does anyone know how good the roads are? There must be a lot of refugee traffic going the other way. Wonder how long it will take to get there.
Don’t know how soon there will be a no fly zone, But government statements tonight said that now that our people are out of the US Embassy, and the ferry has arrived in Malta, and an airplane with others have taken off they are now able to speak more forcefully about actions that are in process. There is a lot of behind the scenes talk going on among the affected countries—US, France, Italy, Turkey, Britain, and others. I guess we will hear more tomorrow.
I heard a Shell oil spokesman just now on Nightline shouting Alarm, Alarm, $5 oil just before the elections. So I took another look at NYMEX Light Crude (to be posted below). High for April $98, May $99, creeping up to $102 by January of 2012, then back down again to below $100. Nothing even close to the $140 to $150 levels of a few years ago when gas was $4 to $5. Those greasy crooks. This fall as oil went over $90 the price went up to $3.07, then it went down to $85, but no down move at the pump. Now it jumps every day up to $3.29 or $3.39. Storage at Cushing, OK is at high levels, lots of oil sitting in tankers waiting for space. Again, those f&*#ing crooks.
Sigh, rant over. Just look at the numbers below.
http://futures.tradingcharts.com/marketquotes/index.php3?market=CL
A lot we won’t hear about. Some of what we hear will be propoganda as well, to distract whatever real plans they have.
As for oil....@120. a barrel we’ll feel that punch. If it goes from there to $140. some are saying it will crash the whole system. It is not the same as it was under carter...our country was not close to the dire straits in now...we’ve exhausted all the backups...and monetizing our debt...with China propping up our government. There just is no wiggle room left now. So it’s not going to take much more to cripple us....