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Thursday, October 29, 2026Oct 29

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What about Libya – and our $$?

Few of us Americans are ordinarily very interested in events in the North African country of Libya. But what is going on in Libya today may affect us – and our pocketbooks – tomorrow.

That’s because Libya is one of the world’s oil-producing nations. So what happens there has an impact on world oil and gasoline prices – and thus on us, in our automobile-reliant society.

Libya, on the southern side of the Mediterranean Sea, is in serious turmoil. Libyan rebels are seeking to oust Moammar Gadhafi from his dictatorial rule.

Libya unfortunately has been ruled by Gadhafi since 1969. He is a perennial world troublemaker. He has ruled Libya oppressively. And his nation has at times sponsored terrorism – including terrorism against the United States.

It recently was reported that about 120 Libyan soldiers had turned against Gadhafi. That number might not seem very significant – except for reports that the anti-Gadhafi soldiers include eight senior Libyan military officers, five of them generals!