Will the loss of Libyan oil threaten America with another recession?

Disappeared News‘s Larry Gellar examines whether the U.S. economy could face a threat as oil production is reduced due to political and social upheaval throughout the Middle East.

“[President Barack Obama] simply making speeches is not going to change the attitudes of Libyans who watch their fellow protesters being slaughtered while the U.S. does nothing.

Eighty percent of Libya’s production goes to Europe, but would presumably have to be replaced by Saudi oil. The Libyan oil fields are now under the control of the protestors.”

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