posted on Mar, 23 2011 @ 10:32 AM
My understanding is that Libya supplies just 2% of the world's oil, and most of Libya's oil gets sold to Europe. However, uncertainty in oil
supplies causes the rises in prices that we now see, and that does impact the US.
I suspect that somewhere a beancounter in the Obama administration decided it was cheaper for the US to spend a couple billion dollars bombing Libya
than to tolerate higher oil prices and market uncertainty.