The WSJ is reporting about 10 min. ago that Libya is close to a civil war according to statements from officials in the country. There is the threat of burning oil supplies.
Solomon, Jay, and the Associated Press, 2011. Gadhafi's son warns of civil war in lybia. The Wall Street Journal, Feb. 20.
This is a major development in the Middle East. I wonder how this will affect the US stock market? Libya is not a huge supplier of oil, however, the odds are higher of a chain reaction of revolt in the Middle East.
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