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Regional economic zones are a prime part of the globalization process. One well-known example is the concept of a “Trilateral” bloc of Asia, Europe, and North America, instigated by David Rockefeller as per the Trilateral Commission. Others include NAFTA, European Union, APEC, and the like.
The globalists under the impress of “market forces” could attempt what could not transpire under Qaddafi or Nasser, an Arab bloc.
So now the critical resource of oil is driven by speculation at ever higher abstract electronic levels of futures trading. Increasingly, the distance becomes greater and greater between this abstract trading (fueled by rumors of storms in the Gulf of Mexico, or some possible political turmoil in a region of the world, or some other frightful excuse for bidding up) and the physical supply and demand for oil and its refined products.
These oil gamblers in New York and London try to justify their frenetic daily bidding by saying that these futures markets provide liquidity, and a clear price for oil.
Forces loyal to Col. Moammar Gadhafi launched air strikes on a rebel-held town Monday to check the rebels' advance west toward the capital, as the United Nations called on Libyan authorities to end hostilities and appointed a special envoy to the country.
WSJ's Margaret Coker reports on major battles between forces loyal to Col. Moammar Gadhafi and rebel in key cities along Libya's coast. Oil prices have breached $106/barrel as a result. Also, Jon Hilsenrath on demand for U.S. grain outpacing supply.
An air strike hit Ras Lanouf, a key oil port east of Tripoli, but there were no casualties, the Associated Press reported. Mohamad Samir, an army colonel fighting with the rebels, told AP that his forces are expecting reinforcements from the east.