Joined
·
3,821 Posts
Many don’t look at these little stories and think them thru. Why’d this happen, who is behind it and why would I suggest this is another step towards economic collapse?
www.reuters.com
article claims it’s internal strife yet through a decade since hillary had khadaffi killed they have exported 400/500k barrels a day!
what does 400/500k barrels a day mean? It’s about equal to Californias demand. It’s loss will create yet higher prices for a limited commodity.
the higher oil goes the less people can spend, and the less people can spend the fewer jobs will be needed, and the recession teeters towards depression.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/V3DK65PO3FKFPAFPME2QGIMQAM.jpg)
Explainer: What's behind Libya's oil blockade
A new blockade of Libyan oil facilities has greatly reduced production levels, hitting an already tight global market and adding to fears an internal political stalemate could spark new fighting.
article claims it’s internal strife yet through a decade since hillary had khadaffi killed they have exported 400/500k barrels a day!
what does 400/500k barrels a day mean? It’s about equal to Californias demand. It’s loss will create yet higher prices for a limited commodity.
the higher oil goes the less people can spend, and the less people can spend the fewer jobs will be needed, and the recession teeters towards depression.