May 07, 2011
Since the conflict in Libya really started to get messy, oil prices have risen steeply—from about $103 in mid-February to $123 a barrel last week. Given the country’s drop off in production (it represents about 2 percent of the world’s crude), the vote for separation of South Sudan (an oil producer) and the violence that has come from that, the continuing declines in oil production in Mexico and Venezuela, and the strikes and other problems in Gabon, Yemen, Oman, Ivory Coast, and Nigeria, the rise in price seems somewhat justified.
Out of Beijing
November 15, 2004
All summer, the U.N. Security Council debated whether to condemn the Sudanese government for supporting the murderous Janjaweed militias in Darfur. In July, it passed a weak resolution threatening sanctions against Khartoum.