• Upcoming Events

    Monday 11/8
    Peter Beinart
    "Israel: Have we lost that loving feeling, and can we get it back?"
    5-7pm
    Davis Auditorium
    Sturm Hall

    Monday 11/8
    The Muslim Student Association is hosting an Eid Mubarak dinner from 6-8 pm at the Korbel Cyber Cafe.

    Wednesday 11/10
    A Faculty Panel will discuss different issues surrounding the Occupy Wallstreet movement.
    Noon in the Cyber Cafe

  • Contact Us

    Cliff Martin
    clifton.martin86@gmail.com

    Brett Schneider
    schneider.brett.a@gmail.com

    Doug Garrison
    garrisondh@gmail.com

    Kara Kingma
    klkingma@ole.augie.edu

  • Enter your email address to follow this blog and receive notifications of new posts by email.

    Join 19 other followers

Oil Prices Surge and Stocks Fall Amid Libyan Turmoil

Something that has not received much coverage yet is what effect will the democracy movements have on the world’s economy.  This NY Times piece reports on how oil prices and investments.  The price of Brent crude oil has risen 1% while the price of Sweet Crude Oil has risen from  $5.30 a barrel to $95.01 a barrel.  Regarding Libya, any disruption of the oil supply will have major negative effects on Europe.

Europe, which accounts for more than 85 percent of Libya’s crude exports, was bracing Tuesday for the possibility of supply disruptions. The International Energy Agency said that Italy would be the most immediately affected because it receives 22 percent of its crude imports from Libya. In the United States, Libya accounts for 0.5 percent of imports.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: