Posts tagged Libya
Gas Prices set to go up 40 cents in few days $5.00 by Memorial Day
Feb 24th
From Info Wars:
Kurt Nimmo
February 24, 2011
Earlier this week, market analysts warned that the price of gas may reach $5 by the end of summer. Now they are saying we could see that price by Memorial Day as the situation in Libya deteriorates.
On the S&P 500 today, the price of Brent Crude breached $119 a barrel during a period of frantic trading. Brent Crude is used to price two thirds of the world’s internationally traded crude oil supplies. The price was below $100 yesterday afternoon.
The world’s oil benchmark jumped almost $17 this week and it appears there is no end in sight as the situation in the Middle East heats up.
Saudi Arabia is under pressure to boost output as the prospect of a Libya production cutoff looms.
Oil traders said Saudi talks with Europe signal that the oil kingdom understands that the political crisis in Libya is now an oil supply crisis.
On Thursday, the Italian oil company Eni, the most active company in Libya, said oil production from the North African country has dropped to just a quarter of normal levels.
“You can only expect the price to go up. It is fear of the unknown. The risks are all to the upside,” a senior oil trader told the Financial Times. “Saudi Arabia needs to respond.”
Popular uprisings spanning the Middle East have yet to seriously affect Saudi Arabia. In an effort to stave off rebellion, earlier in the week Saudi Arabia’s ailing King Abdullah promised to lavish around $37 billion on his subjects. The money will go for housing, education, social security, and other benefits.
In neighboring Bahrain, a similar pay-out scheme failed to stem protests that turned violent. King Hamad had offered to pay $2,650 to every Bahraini family. The protests calling for political change have seriously damaged the small nation’s economy and tourism industry. Standard and Poor’s lowered its credit rating this week and Bahraini authorities canceled next month’s Bahrain Grand Prix Formula One race, the pride of the royal family.
According to Saudi rights activist Hassan al-Mustafa, Abdullah’s spending won’t solve anything. The Saudi people want “real change,” such as an elected parliament and more rights for women. That sort of evolution “will be the only guarantee of security of the kingdom,” explained al-Mustafa.
Hundreds of people have backed a Facebook campaign for a Saudi “day of rage” in March in response to the lack of political change in the kingdom and it solidarity with other popular rebellions sweeping the region.
In response to the unprecedented rise in oil prices, analysts are predicting the price of gasoline will shoot up ten to fifteen cents per gallon over the next few days.
Stock up with Fresh Food that lasts with eFoodsDirect (Ad)
Analytics economist Chris Lafakis put the number even higher. Oil prices have already jumped $12 this week, which means that drivers can “expect gas prices to be 37 cents higher” in the coming days, he told CNN.
The national average price of a gallon of gasoline rose 3.4 cents overnight to $3.228, according to AAA.
Kurt Nimmo
February 24, 2011
Earlier this week, market analysts warned that the price of gas may reach $5 by the end of summer. Now they are saying we could see that price by Memorial Day as the situation in Libya deteriorates.
On the S&P 500 today, the price of Brent Crude breached $119 a barrel during a period of frantic trading. Brent Crude is used to price two thirds of the world’s internationally traded crude oil supplies. The price was below $100 yesterday afternoon.
The world’s oil benchmark jumped almost $17 this week and it appears there is no end in sight as the situation in the Middle East heats up.
Saudi Arabia is under pressure to boost output as the prospect of a Libya production cutoff looms.
Oil traders said Saudi talks with Europe signal that the oil kingdom understands that the political crisis in Libya is now an oil supply crisis.
On Thursday, the Italian oil company Eni, the most active company in Libya, said oil production from the North African country has dropped to just a quarter of normal levels.
“You can only expect the price to go up. It is fear of the unknown. The risks are all to the upside,” a senior oil trader told the Financial Times. “Saudi Arabia needs to respond.”
Popular uprisings spanning the Middle East have yet to seriously affect Saudi Arabia. In an effort to stave off rebellion, earlier in the week Saudi Arabia’s ailing King Abdullah promised to lavish around $37 billion on his subjects. The money will go for housing, education, social security, and other benefits.
In neighboring Bahrain, a similar pay-out scheme failed to stem protests that turned violent. King Hamad had offered to pay $2,650 to every Bahraini family. The protests calling for political change have seriously damaged the small nation’s economy and tourism industry. Standard and Poor’s lowered its credit rating this week and Bahraini authorities canceled next month’s Bahrain Grand Prix Formula One race, the pride of the royal family.
According to Saudi rights activist Hassan al-Mustafa, Abdullah’s spending won’t solve anything. The Saudi people want “real change,” such as an elected parliament and more rights for women. That sort of evolution “will be the only guarantee of security of the kingdom,” explained al-Mustafa.
Hundreds of people have backed a Facebook campaign for a Saudi “day of rage” in March in response to the lack of political change in the kingdom and it solidarity with other popular rebellions sweeping the region.
In response to the unprecedented rise in oil prices, analysts are predicting the price of gasoline will shoot up ten to fifteen cents per gallon over the next few days.
Stock up with Fresh Food that lasts with eFoodsDirect (Ad)
Analytics economist Chris Lafakis put the number even higher. Oil prices have already jumped $12 this week, which means that drivers can “expect gas prices to be 37 cents higher” in the coming days, he told CNN.
The national average price of a gallon of gasoline rose 3.4 cents overnight to $3.228, according to AAA.
latest from US EMBASSY TRIPOLI LIBYA Evacuate!
Feb 23rd
U.S. Government Chartered Ferry Evacuation
February 22, 2011
A U.S. Government chartered ferry will depart Tripoli from the As-shahab Port in central Tripoli, located on the sea road across from the Radisson Blu Mahari Hotel, for Valletta, Malta on Wednesday, February 23. Processing of passengers will begin promptly at 10:00 a.m. local time. U.S. citizen travelers wishing to depart should proceed as soon as possible after 9:00 a.m. to the pier and arrive no later than 10:00 a.m. U.S. citizens will be processed on a first-come, first-served basis, with priority given to persons with medical emergencies or severe medical conditions. The ferry will depart no later than 3:00 p.m.
February 22, 2011
A U.S. Government chartered ferry will depart Tripoli from the As-shahab Port in central Tripoli, located on the sea road across from the Radisson Blu Mahari Hotel, for Valletta, Malta on Wednesday, February 23. Processing of passengers will begin promptly at 10:00 a.m. local time. U.S. citizen travelers wishing to depart should proceed as soon as possible after 9:00 a.m. to the pier and arrive no later than 10:00 a.m. U.S. citizens will be processed on a first-come, first-served basis, with priority given to persons with medical emergencies or severe medical conditions. The ferry will depart no later than 3:00 p.m.
Travelers should bring valid travel documents and any necessary medications.
Each traveler may bring one suitcase and a small personal carry-on item. Although pets are allowed on the ferry, any pets transported to Malta must meet stringent European Union requirements, which can be found at http://ec.europa.eu/food/animal/liveanimals/pets/ list_third_en.htm. The U.S. Embassies in Tripoli and Valletta are unable to assist U.S. citizens in obtaining the necessary documents and/or meeting other EU requirements for pet travel. Please note it is routine for pets to be rigorously examined and quarantined for six weeks upon entering Malta. Kenneling to meet Maltese pet requirements will be at the expense of the owner.
U.S. citizens seeking evacuation should be prepared to wait several hours. Travelers are advised to bring food, water, diapers and other necessary toiletries with them to the pier.
U.S. citizens requesting evacuation on U.S. Government-chartered transport must sign paperwork promising to reimburse the U.S. Government for transportation costs at a later date. Exact transportation costs are not yet available, but will be comparable to a one-way commercial ferry trip of a comparable distance on the date of travel. U.S. citizens who travel on U.S. Government–chartered transport will be expected to make their own onward travel plans from Malta.
Immediate family members (spouses and children) who are not U.S. citizens must be documented for entry into the safe haven country and/or the United States, if that is your final destination. A U.S. citizen child may be escorted by one adult, preferably a parent, who has appropriate travel documents. If a family has more than one U.S. citizen child, the one-adult rule still applies. All U.S. citizen travelers and their spouses and children, are required to have valid travel documents. The U.S. Embassy in Tripoli will assist U.S. citizens with travel documents. U.S. citizens who do not hold a valid U.S. passport or visa and are interested in departing Libya via U.S. Government-chartered transportation should contact the U.S. Department of State and U.S. Embassy Tripoli by sending an email to LibyaEmergencyUSC@state.gov or by calling 1-202-501-4444 .
LATEST: US to evacuate Americans from Libya by ferry
Feb 23rd
By MATTHEW LEE
Associated Press
WASHINGTON (AP) — The State Department said late Tuesday it has chartered a ferry boat to evacuate Americans from Libya by sea amid increasingly violent unrest in the North African state as Libyan leader Moammar Gadhafi vowed further crackdowns on opponents seeking his ouster.
Associated Press
WASHINGTON (AP) — The State Department said late Tuesday it has chartered a ferry boat to evacuate Americans from Libya by sea amid increasingly violent unrest in the North African state as Libyan leader Moammar Gadhafi vowed further crackdowns on opponents seeking his ouster.
In a notice sent to U.S. citizens in Libya, the department said Americans wishing to leave Libya should report to the As-shahab port in the capital of Tripoli with their passports starting at 9 a.m. local time on Wednesday. The ferry will depart for the Mediterranean island of Malta no later than 3 p.m. local time.
It said boarding the vessel would be on a first-come, first-served basis, with priority given to those with medical emergencies or severe medical conditions. Travelers will be allowed one suitcase and one small carry-on item, the notice said, adding that pets would be allowed on the ferry but that they must meet European Union requirements.
Those who want be evacuated should be prepared to wait several hours and bring food, water and other necessities to the pier, which is on the sea road across from the Radisson Blu Mahari Hotel in Tripoli.
Those who take the ferry will be expected to reimburse the government for the cost, estimated to be equivalent to the one-way commercial ferry crossing of the distance from Tripoli to the Maltese capital of Valletta, it said. Any onward travel from Malta must be paid for by the passengers, the notice said.
Immediate family members of U.S. citizens who are not themselves citizens will be able to board provided they have travel documents valid for their final destination.
The evacuation comes amid deteriorating security conditions throughout Libya, with Gadhafi vowing to defeat opponents that now control cities in the eastern part of the country.
Unsuccessful attempts were made Monday and Tuesday to evacuate by airplane 35 non-essential American diplomats and family members of U.S. Embassy personnel, prompting heightened fears for their safety.
The State Department believes there are about 600 U.S. citizens along with several thousand dual U.S.-Libyan nationals currently in Libya.
