http://news.yahoo.com/s/ap/20110310/ap_on_bi_ge/oil_prices
Oil prices slipped below $104 a barrel on Thursday but still remain very expensive because of the intense battles around Libya's crude and gas facilities. Investors are keeping a close watch on developments in the country, especially as its crude production has fallen more than previously estimated as the fighting near key oil installations has intensified.Sentiment in the oil markets over the past few weeks has been driven by developments in North Africa, where Libya produces, in normal times, a little under 2 percent of the world's global oil needs. Though oil prices have dipped modestly over the past couple of days they remain at historically high levels.
We have been paying ridiculous amounts when we fill up our cars. I think that we need to tap into other sources of oil because the national average is at an all time high for the time of year. Gas prices always rise towards the start of summer so you can only imagine what they will be when that time comes. Americans already cannot afford the stuff that they need so i think the last thing that they need is to not be able to pay to put gas in their cars.
this has to do with government becuase the rising gas prices are affecting the improvement in our economy. People just started buying more and more goods but now it's dropped again becuase they don't want to pay for the gas to get to the stores. we need to consider getting our oil from somewhere else to inventing some other way to make our cars run.
On thursday Libya's opposition battled for military and diplomatic advantage against Moammar Gadhafi.
France became the first country to formally recognize the rebels' newly created Interim Governing Council.
Germany said it froze billions in assets of the Libyan Central Bank and other state-run agencies. The U.S., UK, Switzerland, Austria and other countries have also frozen Gadhafi's assets. "The brutal suppression of the Libyan freedom movement can now no longer be financed from funds that are in German banks," Economy Minister Rainer Bruederle said. Both sides in Libya are lobbying for support from Western countries as their leaders debate whether to protect the rebels from Gadhafi's air force by putting a no-fly zone over some or all of the country. Britain and France have backed the rebels' calls for a no-fly zone, but the Obama adminstration has expressed deep reservations about involvement in another conflict in the greater Middle East.
I think that the conflicts in Libya are justified because they need to fix their government and make it more modern. However the way that they are going about it isn't good. They can't fight their battles on their own and since they are our allies it makes us involved. I think that the last thing that America needs right now is to get involved in another war.
This has to do with goverment because America getting involved in another conflict will really hurt us. our economy has already been drained because of the war in iraq and the middle east and we really can't afford anything else.