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full of details in one minute for you here on cnn. a free election four decades overdue. the first real live democratic exercise in libya since the moammar gadhafi era. nearly 3 million libyans picked parliament members today waiting in long lines to vote at polling stations all across the country. we've heard a few disruptions but overall international election observers are pleased. >> in the rest of the country things have been going smoothly. reports from the east where it's been more difficult but even there the jaft majority of citizens could cast their votes peacefully. >> to ...

countries these days. the turnout so far has been pretty good according to the electoral commission. we expect to hear more when the polls close. they're expected to close in about two hours. possible extensions to that. so far we are told more voters than expected have turned out. >> who's on the ballot today? >> well, that is one of the key issues here, gary, is people are overwhelmed by the choice. thousands of candidates are running in this election for the national congress. most of them are virtually unknown to the libyan population who, for more than 40 years, knew one man onl...

You know, there is no shortage anywhere so it should remain stable or go down, correct? capitalism? >> well, you are right about capitalism, bill, the assertion that we have somehow as a refining industry. >> bill: no, no, no, no. you are getting ahead of yourself. i'm not blame be anybody for anything. just step-by-step. capitalism, supply and demand. plenty of supply. price shouldn't be going up theoretically, correct? >> the global demand dictates. >> no global, just here. >> bill, you are interpreting the situation here. it is a global economy. we are not living in some sort of vacuum or s...

You know, there is no shortage anywhere so it should remain stable or go down, correct? capitalism? >> well, you are right about capitalism, bill, the assertion that we have somehow as a refining industry. >> bill: no, no, no, no. you are getting ahead of yourself. i'm not blame be anybody for anything. just step-by-step. capitalism, supply and demand. plenty of supply. price shouldn't be going up theoretically, correct? >> the global demand dictates. >> no global, just here. >> bill, you are interpreting the situation here. it is a global economy. we are not living in some sort of vacuum or s...

You know, there is no shortage anywhere so it should remain stable or go down, correct? capitalism? >> well, you are right about capitalism, bill, the assertion that we have somehow as a refining industry. >> bill: no, no, no, no. you are getting ahead of yourself. i'm not blame be anybody for anything. just step-by-step. capitalism, supply and demand. plenty of supply. price shouldn't be going up theoretically, correct? >> the global demand dictates. >> no global, just here. >> bill, you are interpreting the situation here. it is a global economy. we are not living in some sort of vacuum or s...