Monday, August 22, 2011

Missing: Muammar Gaddaf

Muammar Gaddafi, the Libyan dictator was captured and his fourty-year reign has ended. But just recently an update from CNN's John King USA  informs viewers that Gaddafi is alive and well and it was actually a ploy that he was missing. Gaddafi's sons were reported in danger of being captured by rebels but one of his sons was spotted at a Tripoli hotel by CNN's Matthew Chance. In addition, Gaddafi's reign will drastically effect the gas prices in America and world wide. According to, oil analyst Will Beutel  the ending reign of Gaddafi will cause a 4-6% decrease in gas prices. Libyan can now continue production of oil instead of fighting in a economic war. But on the other hand Helina Croft states that the ending of Gaddafi's reign does not result in lower gas prices if Libya is still unstable and the have no authories to continue oil production properly. Libya owns 2% of oil and they produce 1.6 million barrels a day. The number one foreign country that imports oil from Libya is Europe and France is the second importer.

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