Hitting Khadafi

It looks like the air strikes are having their desired effect. The Libyan rebels have retaken two key oil ports and Khadafi's troops seem to be retreating in haste. According to reports, they've left ammunition and supplies behind and just, as one source put it, "melted away". The coalition has hit Khadafi's hometown of Sirte and other positions. The rebels have retaken territory they lost earlier. They are moving westward and are looking to take Sirte soon. Qatar, who is participating in the strikes, has said they will help the rebels move the oil currently in storage. The storage facilities are filled to capacity so they can't pump any more oil until they pump out the current stocks. With any luck, that might even help bring oil prices down. Maybe. All we can do now is watch and wait. Here's hoping it ends soon and the Libyan people can rebuild a better country and future.

Oil Prices

Here we go again. The pundits, talking heads and Chicken Littles are all saying the sky is falling. Yes, oil prices are up due to the situation in Libya and other Middle Eastern countries. It's a good chance that oil prices will be ridiculous for the short term, but once things settle out and the fighting ends, prices should go down. If there was a reason to switch to alternative fuel sources, this is it. I don't know anyone who isn't affected by the huge jump in fuel prices. It affects the cost of everything and food prices worldwide are rising dramatically and putting food out of the price range of more and more people. Not a good situation. The sooner we move to renewable and alternative sources of fuel, the better. The whole world will be better off.

Fighting in Libya

Looks like Libya is heading for a civil war. Not that there ever was a war that was "civil". The rebels are pushing towards Tripoli and Khadaffi's forces are fighting back. This is probably going to be a prolonged situation that will affect everyone, since it will affect the price of oil, which has jumped tremendously in the last few weeks. It's (as of today) at $104.91 per barrel and will probably continue to rise. So much for the economic recovery. Here's hoping that things end quickly in Libya and Khadaffi gets it and gets the hell out and lets the Libyan people decide their own destiny.