Saturday, February 26, 2011

Fuels: the crisis in Libya to raise prices?

The political crisis and chaos generated by the popular uprising and violent reaction from the government in Libya have pushed up the price of oil. Italy's economy pays because its large exposure to Libya, which is the largest supplier of oil in our country. Algeria and Libya are worth 3 million barrels per day, or about 4 percent of the world: "They have produced in January, respectively, 1.56

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