l33tminion: The planet is running on empty (Peak Oil)
Sam ([personal profile] l33tminion) wrote2011-02-23 05:03 pm
Entry tags:

Who Saw That Coming?

Monday was fun. Hit the gym, relaxed, and had a nice dinner with Tara. If only the weather wasn't so cold!

In other news, the comment spammers are still hounding me, though now with actual accounts. Hopefully the site admins are listening to those spam reports.

The real news continues to be interesting. If I'd ventured a guess about which country was most likely to provoke the next politically-caused spike in oil prices (any time after the Iraq invasion), I would have gone with Iran. But turns out it's Libya! NYMEX futures up to $98 today, briefly hitting $100. Gold's up, too (mainly from people fleeing stocks). The split between the major oil futures is way higher than previous. Demand for shipping has cratered again. Can't imagine my industry will be terribly happy about this.

Gaddafi, being a professional crazy man, is determined to go down fighting / ranting / hiring mercenaries to fire on the crowds. Don't see him winning this one, though.

libyans

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