That isn't going to happen. Grude today is $70.58. Libia is a small player in the global crude oil market. There is too much oil on the market. 2 major players were trying to cut back on production for a long time to bring the price up, but smaller nations are putting out more. Oil is money. Whats the differance if every time you put your hand in the ground and you pull out $100 or $70. It's practically free money.
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