Libya unrest pushes Brent oil price to $110 a barrel

[MobiusPizza]

http://www.bbc.co.uk/news/business-12548471

This is sad

Oil prices had risen nearly 6% a barrel
and you know what, Libya accounts for less than 2% of world oil production.

Who benefit from this? Rich investors, oil companies who crazed into panics and profit from it. :censored:

[A Ginger Sheep]

I can't believe that you would find this a more urgent issue than the hundreds of people being murdered out there. also btw libyian oil is meant to be best around which is why the price rise is such

[Terbinator]

I can't believe that you would find this a more urgent issue than the hundreds of people being murdered out there. also btw libyian oil is meant to be best around which is why the price rise is such

Other than the fact the oil effects a lot more people than the population of Libya, never mind the victims so far.

[A Ginger Sheep]

omfg, i must say im disappointed that you put your care more about your bank balance than human lives

[Toonshorty]

I bet America storm that country any day now.

They won't watch some mad man kill his own country.

[Terbinator]

omfg, i must say im disappointed that you put your care more about your bank balance than human lives

Sorry for being a realists. The price reflects a lot of things, such as the struggle in an oil producing state effects 'the market' as a whole, citing Nvidia and ARMs sudden 'drop' after a decent rise in their stock prices.

Just in case you have been asleep for the past 7 years, wars have been fought over oil as well, ya know. A very real human/oil related 'cost'.



I bet America storm that country any day now.

They won't watch some mad man kill his own country.

Lockerbie revenge is probably further up their list TBH.

[Aaron]

omfg, i must say im disappointed that you put your care more about your bank balance than human lives
I can't see anyone who has actually said that? I totally agree with you that people's lives are way more important than the price of oil - but as far as I can see, the OP and other comments were on the price of oil as an entirely separate topic, rather than a comparison of importance compared to people's lives?

[Toonshorty]

omfg, i must say im disappointed that you put your care more about your bank balance than human lives

Not really.

If the oil prices go too expensive then we can't afford oil.

My house doesn't have gas and so we have to run the heating on oil.

If we can't buy oil we get no heat and will therefore die...

Rather you than me.

[MatthewMcEwan]

omfg, i must say im disappointed that you put your care more about your bank balance than human lives

Billions of people have died in the past, billions have yet to die. Short of WW3 there isn't much I can do to prevent it thus I dont let it phase me.

I presume that foreign countries will start to make advances, I would like to think that if I was a world leader I would retaliate to the killings. What do you guys think about his speech where he called the protestors rats?

[A Ginger Sheep]

the guys a deluded maniac, hope there is a military coup against him otherwise i can only see that one turning into a civil war.

[633Squadron]

If America has any sense at all, they (or another country with them) will send a Cruise or Hellfire missile through his letterbox and not bother sending troops in to get killed.... that's assuming that the UN Security Council sanction such an action.

[Aaron]

America will probably just do that anyway if they think its in their interest regardless of the UN resolutions! :lol:

[k3vst3r]

probably already have seal team in place laser painting him :thumb:

[MobiusPizza]

omfg, i must say im disappointed that you put your care more about your bank balance than human lives

Yes I don't mean I don't care about human lives, nor I blame any peoplpe there starting a revolution, in fact I support them

I am only voicing my concern towards people trying to PROFIT from great democratic movements like this.

[alexnifty]

What's sadder is that the oil money funds dictators like this and so long as cheap quality oil keeps flowing who cares what sort of evil regime runs the country eh?

If the west really cared about the rights of people in countries like Libya they wouldn't buy their oil or set up businesses there.

Lets not delude ourselves, the Libyan regime paid for their Army from oil profits. It's classic, denounce a regime but be all pally with it while it has oil. So much hypocrisy.

[andyn]

Not really.

If the oil prices go too expensive then we can't afford oil.

My house doesn't have gas and so we have to run the heating on oil.

If we can't buy oil we get no heat and will therefore die...

Rather you than me.

Because obviously, you couldn't sell some of the expensive computer hardware you list in your profile and buy some electric heaters?

I kind've see Ginger Sheep's point really, not specifically in reference to people on this forum but in general when people in the Middle East / North Africa are fighting and losing their lives to free themselves from oppressive regimes, secret police and the like, it's pretty lame that the most common reaction in the west is 'oh noes, I will be paying 2p more per litre!'.

There's also the problem that we've been tacitly supporting a lot of these dodgy dictators for decades because they are 'west facing' and quietly ignoring the human rights issues, and then we'll probably act all surprised when lots of anti-western political groups gain popularity after all this plays out.

[Toonshorty]

Because obviously, you couldn't sell some of the expensive computer hardware you list in your profile and buy some electric heaters?

I kind've see Ginger Sheep's point really, not specifically in reference to people on this forum but in general when people in the Middle East / North Africa are fighting and losing their lives to free themselves from oppressive regimes, secret police and the like, it's pretty lame that the most common reaction in the west is 'oh noes, I will be paying 2p more per litre!'.

There's also the problem that we've been tacitly supporting a lot of these dodgy dictators for decades because they are 'west facing' and quietly ignoring the human rights issues, and then we'll probably act all surprised when lots of anti-western political groups gain popularity after all this plays out.

Don't get me wrong, they've got a bigger problem on their hands.

I believe that we should be doing more to support 3rd world countries.

The whole wikileaks ordeal and the middle east protests have really shown me how corrupt America is as a country.

I'm beginning to wonder if maybe 2012 wouldn't be such a bad thing after all :closet

[MobiusPizza]

I kind've see Ginger Sheep's point really, not specifically in reference to people on this forum but in general when people in the Middle East / North Africa are fighting and losing their lives to free themselves from oppressive regimes, secret police and the like, it's pretty lame that the most common reaction in the west is 'oh noes, I will be paying 2p more per litre!'.


But you can't help it though.
It's I am paying 2p more and the 2p goes directly to the families and friends affected by the protests, as chartity it's nothing.

But 2p more profit to investors and oil companies, no thanks.

[scrivz69]

http://www.dailymail.co.uk/news/article-1359869/Libya-protests-Fighter-crew-deliberately-crash-jet-Gaddafi-bomb-order.html

The bloke is as mad as people who eat old cheese lol, and all the rest of the world is after is control of the oil, they don't give a flying foobar about anything else, america the biggest user of oil in the world is flexing it's fire power, how strange that is.

[Terbinator]

http://www.dailymail.co.uk/news/article-1359869/Libya-protests-Fighter-crew-deliberately-crash-jet-Gaddafi-bomb-order.html

The bloke is as mad as people who eat old cheese lol, and all the rest of the world is after is control of the oil, they don't give a flying foobar about anything else, america the biggest user of oil in the world is flexing it's fire power, how strange that is.

I thought China was the biggest, using along the lines of 80 litres a day per person.

Either way, it hard not to suggest that without him in power the area will become a hell hole.

[scrivz69]

China are catching up mate and may have passed them, it is all about oil, they should just pop him and end all the suffering he has brought about to his people, and then cost the rest of us billions in taxes like iraq and afghanistan, all for greed and power and oil, I still find it funny that china has funded america for the afghan war and will they want the money back to right they will, with interest.

http://money.cnn.com/2011/01/18/news/international/thebuzz/index.htm

http://www.usdebtclock.org/

[Aaron]

China are catching up mate and may have passed them, it is all about oil, they should just pop him and end all the suffering he has brought about to his people, and then cost the rest of us billions in taxes like iraq and afghanistan, all for greed and power and oil, I still find it funny that china has funded america for the afghan war and will they want the money back to right they will, with interest.

http://money.cnn.com/2011/01/18/news/international/thebuzz/index.htm

http://www.usdebtclock.org/
There's something similar for the UK too..

http://www.debt-clock.org/

http://cluaran.free.fr/debt.html

[theelusiveyoda]

I bet America storm that country any day now.

They won't watch some mad man kill his own country.


they didnt mind sitting by and watching after helping Saddam Hussein get into power now did they.

[MobiusPizza]

I don't think any Americans would like the idea of another war with any country for the foreseeable while.

[nft99]

I don't think any Americans would like the idea of another war with any country for the foreseeable while.

Not sure the average American would really care? So long as the petrol prices dont go up to much that they might have to walk to the nearest burger bar :eek:


probably already have seal team in place laser painting him :thumb:


Seal team? They need the A-Team :weeee

[Terbinator]

I don't think any Americans would like the idea of another war with any country for the foreseeable while.

Except the defence budget has avoided cuts from Obama, unlike everything else.