More unrest is erupting in the Middle East with reports of blood-shed in Libya. This is raising questions about U.S. relations in the area as well as the possible spike in oil prices.
According to the Associated Press, foreign companies have emergency oil reserves to stabilize markets when production is disrupted. The International Energy Agency has reserves of 1.6 billion barrels of oil, which can be used to keep markets stable. The agency has used reserve stocks only twice: during the Gulf War and when Hurricane Katrina hit the Gulf of Mexico.
Question of the Day: Do you think the unrest that continues in the Middle East will cause an increase in gas prices?
Vote in the poll below and leave a comment. Comments will be chosen and air on the TV6 Early News at 6 p.m.
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