Saturday, June 25, 2011

Our Blood, Our Sweat, Our Tears, Their Oil

Our Blood, Our Sweat, Our Tears, Their Oil: "From Reuters:

'It's really as simple as this: there's a war in Libya, costs between one and two million barrels a day in lost output, I think 140 million barrels off the market so far,' he said in response to a question at Dartmouth College, where he spoke on a panel.

'Reserves exist to help mitigate those kinds of disruptions and we helped to organize a coordinated global international response to help ease some of that pressure,' he added.

Oh. It’s the war in Libya that’s the problem. Maybe admitting that Obama is prosecuting a war in Libya is a sign of progress, because the administration told us recently that there was no war in Libya. They told us it was just a time-limited, scope-limited, kinetic military activity."

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