Libya Enters Civil War

The nation of Libya has just entered into a new phase of conflict as the weapons of choice have shifted from bullets to rockets. A couple hundred miles west of Tripoli rebels and supporters of Gaddafi are exchanging heavy weapons fire at a distance. There are RPGs and other explosive projectile weapons are being used by both sides to attack one another. The country’s conflict has graduated from a series of skirmishes to what appears to be an all out civil war. While Libya provides less than 5% of the world’s oil this conflict continues to scare investors who believe the conflict could spread.

This has brought in the interests of Western countries such as the US and UK who have begun to show serious interest in intervening for humanitarian purposes. The rebels have stated openly that they do not want any interference from the west however US warships have already entered the region in case they are needed. There has already been a small squad of several UK soldiers detained by Rebels within the warzone in Libya. This recent incursion on behalf of Western forces has alerted Gaddafi as to the where the support of Western nations is going to be centered.

Libya is not the only country to experience this type of firestorm, in fact in addition to the three countries (Egypt, Tunisia and Libya) that have already experienced these issues Saudi Arabia is now undergoing massive public protests. The USD and other major currencies will certainly see some unrest and tumultuous activity if the situations in the Middle East do not calm down. This is highly unlikely due to the fact that there are already flare ups occurring in Saudi Arabia that have caused oil speculators to predict prices as high as $200.00 a barrel within the next several months.