His justification for kinetic military action against Gaddafi is his imminent attack on Bengazi. Yes it was against our national security interests.
I didn't hear any mention of oil.
It's Libya's oil. Europe can't function without it. Connected economies all that.
He was sure stumbling and freezing up when it came time to choke out the lie about national security interests.
Must have been a skip in the teleprompter!
Well actually the UK still exports almost as much as it imports, the British and Norweigiens have north sea oil reserves.
By far the biggest supplier to the UK is Norway. We get hardly any of our oil from Africa or the Middle East.
In fact in 2006 we took 70% of our imported oil from Norway, 7% from Africa and 2% from the Middle East. We once imported 80% of our incoming oil from the Middle East. The only time we needed African oil was during the 1970s oil crisis.
I have no idea where other European countries get their oil from, but not all of us depend on African oil (just yet).
Ultimately though, oil is oil. A restriction of supply anywhere in the world has the exact same effect on oil prices whether you are British, American, Brazilian, Indian or whatever. There is only one oil price, the one that the global market is willing to pay.
If the French or whoever take oil from Libya, and that supply is taken away, they will buy from the Middle East. Only it will push the price up for Americans too, seeing as they will be bidding for the same oil.
The biggest losers are the developing world.
The speech class is helping though. Not a single "uhhhhh uhh uh heh heh."
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