Supply Declines News Today

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Will be much more moderate than gadhafi has and deal with this issue more effectively. but i will take issue with mr. trump who i respect. look, the decline in libyan oil supply has affected gasoline prices in the united states. and what happens is opec, and israel is a member of opec, when that supply declines, that affects oil prices. what we need to get oil prices to happen is by increasing that capacity, it is possible that oil prices in the united states will go down. so you cant dismiss li...

Month when it spiked on concerns about the turmoil in libya and other parts of the arab world. lets take a look at the price of nymex right now. nymex cruise is down 50 cents, but going for more than $103 a barrel in electronic trade. and brent crude is down a little bit less trading at more than $114 a barrel. oil prices may be dropping, but petroil prices are going higher. bill richardson was asked about prices across the united states. >> the decline in libyan oil supply has affected gasoline...

And what happens is opec, and israel is a member of opec, when that supply declines, that affects oil prices. what we need to get oil prices to happen is by increasing that capacity, it is possible that oil prices in the united states will go down. so you cant dismiss libyas connection with american gasoline prices. not a perfect situation, but i think the president took the right steps and he explained it very succinctly. >> and anthony is shake his head vigorously during the last three minutes...

Military relationship with israel. but at the same time, i dont think the syrian situation is similar to what is happening in lib yarks t libya, the carnage that is taking place there, lost some hope that the syrian leadership will be much more moderate than gadhafi has and deal with this issue more effectively. but i will take issue with mr. trump who i respect. look, the decline in libyan oil supply has affected gasoline prices in the united states. and what happens is opec, and israel is a me...

China soars on international tests. china leads asia-wide acceleration in manufacturering. oil prices rise as u.s. supply declines. china overtakes u.s. as biggest energy consumer. china is pushing up cost of gas production in the u.s. 2.4 million u.s. jobs lost in china. shanghai, now the worlds busiest container port. china now has worlds fastest super computer. china military making quick advances. china has a new stealth fighter waiting in the wings. i hope it works as well as these. u.s. so...