Is Libya an Excuse to Raise Oil Prices? Wednesday, March 2, 2011 Add Comment Edit Are oil companies using Libya as an excuse to raise oil prices? Libya produces about 2% of the world's oil. Why should disruption in oil production from Libya cause any more than a minor blip in oil prices? Share this post Related PostsMilitary Interventions and the EUIs Libya an Excuse to Raise Oil Prices?Arab Revolution 2.0The Arab Uprising in 100 WordsNo-a-more Gaddafi!
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