Yeah, and that depends on whether the unrest interferes with oil production there. Sudden concerns by Western politicians regarding despots' mistreatement of their people ring awfully hollow.
That result will probably hinge on whether it suits Gaddafi or rebels to interfere with oil production. Probably not is my guess, neither group would really want 100,000 ghetto-blasting US troops rocking up.
The risk probably lies it in just happening if the violence destabilises the country enough.
The undemocratic, but evidently not despotic, Saudis will be cranking up production to compensate because they understandably are at the beck and call of the US.
Iran would be torn between mischief and generating a bigger quid.
Sorry, probably a political discussion, although it is clearly oil price that is weighing on recovery and growth and thus our economic bellwether - copper price.
AVB Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
