220,000 jobs were created in the private sector in February but this seemingly good news was not the big push as forces loyal to Ghaddafi have been counterattacking and some of the targets are oil production facilities. The longer the unrest in Libya the more inflamed the Middle East becomes. In Saudi Arabia and Bahrain it is mostly Shia against Sunni whereas the problem in Libya is Ghaddafi against his own people. The problem remains, however, the general ferment of common people against long time regimes.
Big prices increases for the week: WTI +$6.13, $104.30; Brent +$3.94, $115.96; gasoline +31.34¢, $3.0435; distillate +15.81¢, $3.0861.
No comments:
Post a Comment