BOMBING LIBYA
Bathgate66
Posts: 15,813
Flicking around the television , came across news reports on news channel that we've begun bombing Libya with the " Coalition" of other countries.
More death and killing , I guess they figure Khadaafy must be stopped at no expense .
Hopefully this is not a lengthy campaign and there are no civilian casualties or American/Coalition armed forces casualties.
More death and killing , I guess they figure Khadaafy must be stopped at no expense .
Hopefully this is not a lengthy campaign and there are no civilian casualties or American/Coalition armed forces casualties.
For the ones who had a notion, a notion deep inside
That it ain't no sin to be glad you're alive
ORGAN DONATION SAVES LIVES
http://www.UNOS.org
Donate Organs and Save a Life
That it ain't no sin to be glad you're alive
ORGAN DONATION SAVES LIVES
http://www.UNOS.org
Donate Organs and Save a Life
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..And away.. we go!
MSG 5/20/2010
MSG 5/21/2010
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
Gadaffi was on the brink of massacring the Libyan second city of Benghazi before these strikes.
Send my credentials to the house of detention
...wait a sec
seriously though, it seems as if all presidents in recent memory deep down want to be known as "war presidents"....
"Well, you tell him that I don't talk to suckas."
i've been thinking the same thing, but about afghanistan
libya should be a hit and split,
not the quagmiring hells of iraq and afghanistan
"what a long, strange trip it's been"
WAR at their first 4 years.....
"..That's One Happy Fuckin Ghost.."
“..That came up on the Pillow Case...This is for the Greek, With Our Apologies.....”
Let the Arab League deal with this shit. This is a civil war.
We have NO business becoming involved directly with a civil war.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
where there is trouble, we will be there.....if there is oil involved
"..That's One Happy Fuckin Ghost.."
“..That came up on the Pillow Case...This is for the Greek, With Our Apologies.....”
At this percentage? I call BULLSHIT.
http://www.usatoday.com/money/industrie ... 0_ST_N.htm
What's Libya's impact on oil?
By Paul Davidson, USA TODAYUpdated 3/10/2011 12:12:11 PM |
3 | 9ShareReprints & PermissionsSince the Libyan crisis began in mid-February, oil prices have risen about $20 a barrel and gas prices are up about 50 cents a gallon. Here are answers to common questions about the crisis:
By Arif Ali, AFP/Getty Images
Q: Is Libya a big supplier of oil to the U.S. and world?
A: No. Libya supplies just 44,000 barrels of oil a day to the U.S., or less than 1% of its total oil imports. Last year, Libya produced 1.6 million barrels a day, or 1.8%, of the 88 million barrels consumed daily. About 1 million have been shut down. Saudi Arabia churns out about 9% of the world's oil, or 8.4 million barrels, and 9.3% of U.S. imports.
U.S. COMPANIES: Oil firms, others uncertain about Libyan prospects
Q: Can other countries make up for Libya's production?
A: Yes, to a large extent. Saudi Arabia has boosted production by about 600,000 barrels a day and has an additional 3.5 million daily barrels in spare capacity, according to Platts, an energy information service. United Arab Emirates, Iraq, Iran and Kuwait also have increased production, more than making up for the falloff in Libya, Platts says.
Q: Then why has the Libyan unrest driven up crude oil prices so sharply?
A: The oil Libya produces is a high-quality light, sweet crude that contains little sulfur. That means it can be refined more easily than the typically heavier, more sour Saudi Arabian grades. Many refiners in Europe that depend on Libyan production can't take Saudi crude and are expected to turn to sweet crudes in Nigeria and Algeria as substitutes. But that puts them in competition with the U.S., which gets nearly 8.6% of its oil imports from Nigeria and 4.3% from Algeria.
Where U.S. gets its oil
The U.S. imports more than 60% of the crude oil it uses. Top sources of imported oil for the U.S., January through November 2010:
% of total imports % of domestic product supplied
Canada 21.3% 13.2%
Mexico 10.8% 6.7%
Saudi Arabia 9.3% 5.7%
Nigeria 8.6% 5.3%
Venezuela 8.4% 5.2%
Russia 5.2% 3.2%
Algeria 4.3% 2.7%
Iraq 3.6% 2.2%
Angola 3.4% 2.1%
Colombia 3.2% 2.0%
Other 22.0% 13.6%
Total 100.0% 61.9%
OPEC 41.6% 25.7%
Persian Gulf countries 14.6% 9.0%
Source: Energy Department, American Petroleum Institute
Q: Aren't refiners using the added output from Saudi Arabia and other OPEC nations?
A: Yes. Many refiners that typically process light, sweet crude can also handle some heavier, more sour grades. Such a shift might require additional equipment to remove sulfur. As the price of sweet crude rises, these producers may switch to the less-expensive grades, but that could take weeks or months.
Q: Is the recent oil price increase caused by imbalances in supply and demand?
A: Partly, but the supply disruption is small. Most of the price increase is based on fears that the unrest in Libya could spread to other, bigger oil producers, particularly Saudi Arabia, says Peter Beutel of risk management firm Cameron Hanover.
Q: Have market forces kept oil prices from going higher?
A: Yes. The Libyan crisis occurred between the winter home heating oil and late spring driving seasons, when demand is relatively low, says Andy Lipow of Lipow Oil Associates. Also, a sharp rise in oil and gasoline prices almost certainly would prompt consumers to reduce consumption, bringing gas prices back down. And the U.S. and Europe have lots of gasoline in reserve.
Q. Is the U.S. benchmark oil price the best indicator of the run-up in oil prices?
A. Actually, no. The benchmark in the U.S. is West Texas Intermediate while the European benchmark is Brent, which comes from the North Sea between Great Britain and Scandinavia. On futures markets, contract prices for Brent have been trading recently at per-barrel prices of about $115, $10 or higher than contracts for West Texas. That's an unusually large disparity between the two types, which typically trade within a $1 of each other. Brent, however, is more directly affected by the Libyan crisis because European refineries can substitute it for Libyan oil. West Texas oil, meanwhile, is in abundant supply, yet much of it can't be transported to Gulf Coast refineries because of a shortage of pipeline capacity.
For more information about reprints & permissions, visit our FAQ's. To report corrections and clarifications, contact Standards Editor Brent Jones. For publication consideration in the newspaper, send comments to <!-- e --><a href="mailto:letters@usatoday.com">letters@usatoday.com</a><!-- e -->. Include name, phone number, city and state for verification. To view our corrections, go to corrections.usatoday.com.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
"Wherever there is injustice, you will find us. Wherever there is suffering, we'll be there. Wherever liberty is threatened, you will find... The Three Amigos!"
"Well, you tell him that I don't talk to suckas."
assuming he makes it to the next one....
"Well, you tell him that I don't talk to suckas."
Didn't work for Bush sr. Thankfully.
"To question your government is not unpatriotic --
to not question your government is unpatriotic."
-- Sen. Chuck Hagel