The oil industry in Libya has turned to utter chaos. There's no detereming on when this whole fiasco will even end. Armed men are now guarding equipment from oil field installations. This whole thing has turned into a huge mess. There is no organization at all in Libya right now and with the oil crisis things have begun to escalate real quick.
The Libyan port workers are even scared to get caught by Moammar Gadhafi's violent crackdown on the protestors. This whole showdown happened this week and things are not expected to get better. If anything, things are going to get worse. It's so sad to watch a country just burn up in flames like this at such excitement of crude oil prices.
For Americans, this is not good for us at all. Gas barrels are $100 each now and it increases the amount of gas to almost $5 a gallon in some cities like in San Francisco, California. No one is happy about this, I'm sure not happy. With our economy the way it is, we don't need gas to be more expensive or no one is going to want to leave their homes these days.
No comments:
Post a Comment