Wednesday, March 23, 2011

Best Hedge Against Rising Oil Prices: Part 1

Osman Gulseven submits:

After the UN resolution on no-fly zone in Libya, the coalition forces just launched an almost full-scale operation on Libya. I was watching Euronews to get latest updates on the Libyan crises. Obviously, this is not a single operation that will last for a couple of days. Libya is on fire! We might see a full-scale war in Libya that will last for weeks or months or even years.

After learning a smart lesson in Iraq, France is trying to lead the coalition forces with 20 aircraft and a number of warships. Gaddafi's spokesman said that he is ready to die for his country (which might happen soon). Gaddafi is not a man different than Saddam. He is living in a different world than ours. His megalomaniac character might push him to behave totally irrationally, and unexpectedly. I am not an expert on oil prices, but here is what happened


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