Latest Breaking News On - African exporter - Page 1 : comparemela.com

the uprising in libya is directly affecting us right here at home. if you ve been to the gas station this week, you know what i m talking about. i ve been to the gas station. i was like, wow, that was really a lot of cash. christine romans joins us from new york. i didn t make the connection. now i get it. we see oil hit $100 a barrel, so why is this happening? $103 a barrel now. look, the tensions in libya are a real problem here. you see some of the energy output from libya has been sidelined. why libya? look, it s the largest proven oil reserves in africa, the third largest african exporter, producer of oil rather. libya produces a high quality grade of crude oil, light sweet crude for commodities. that s the easiest to refine, frankly, it s kerosene, high quality diesel and gasoline, don. gas goes in your car.

Eastern libyaGas stationChristine romansOil hitEnergy outputNew yorkNorth africanOil reservesAfrican exporterYou guys don tCrude oilLight sweet crude