Mid East Crisis

[Mich the Tester]

Anyone else think "despot" sounds like "tosspot"?

No more than it sounds like Des Lynam.

[sasguru]

Dreaming of Flashy cars, celebrity lifestyle, string of young beautiful women every week, exotic travel, private yachts.

Usual stuff.

FTFY

[DimPrawn]

FTFY

It's cheaper and less tiring.

[sasguru]

Civil war in Libya & effect on oil prices for starters.

That's a short term problem.
Is Libya a big supplier of oil in any case compared with Saudi, Iraq and Kuwait?

[wobbegong]

Flashy cars, celebrity lifestyle, string of young beautiful women every week, exotic travel, private yachts.

Usual stuff.

Sounds like you're not having a problem sleeping, though.

[Paddy]

That's a short term problem.
Is Libya a big supplier of oil in any case compared with Saudi, Iraq and Kuwait?

No, Top oil producers in millions of barrels per day
1. Saudi Arabia 10.72 2. Russia 9.67 United States 8.37 4. Iran 4. 5. Mexico 3.71

[pacharan]

That's a short term problem.
Is Libya a big supplier of oil in any case compared with Saudi, Iraq and Kuwait?

Depends if It's a protracted conflict. Libya is worlds 12th largest producer, major supplier to Spain and Italy I believe. All depends if the Saudis have the reserves they claim to have. According to Wikileaks, they're overestimated by 40%

[sasguru]

Depends if It's a protracted conflict. Libya is worlds 12th largest producer, major supplier to Spain and Italy I believe. All depends if the Saudis have the reserves they claim to have. According to Wikileaks, they're overestimated by 40%

Oil is a red herring.
Personally I think its good news that the despots are falling.

[Mich the Tester]

Really?

I thought it was black gold.

No, that was one of those Motown collection LPs.

[NorthWestPerm2Contr]

Oil is a red herring.
Personally I think its good news that the despots are falling.

It's easy for all of us to be sat here saying what we think is good news and bad news, imagine having to actually live under the tyranny of gaddafi, saddam, saudi king, mubarek, israel, etc etc etc. All those guys being supported by our goverements for decades. Everybody looks at it from a self-interest angle, why don't we consider how much suffering the people of these countries have endured? Don't they deserve some freedom and opportunity like us guys? At the end of the day people in those countries have the same aspirations and determination as we do it's just they have had to endure severe oppression and have been denied the opportunity. It's time we all showed a little sympathy as we will never understand the kind of torture these guys have had to take for so many years.