• When the Bombs Get Closer To the Oil

    Hopes that a Venezuela peace plan could save the global oil market were dashed when reports that Moammar Gadhafi loyalists for the second day in a row bombed Brega, a main Libyan oil port, emerged. Rebels successfully defended the city yesterday and the oil was still flowing yet the proximity to a major Libyan oil instillation has the market risk moving substantially higher. The Libyan Opposition has been inventive using alternate routes to get the precious oil out yet conflicting reports about ...