Spiking Oil, Plunging Economy
This weekend, violence continued to erupt in the Middle East. In Libya, the Gaddafi government launched counter attacks against the rebels. Many fear there is a full blown civil war brewing in that oil rich country.
Yemeni loyalists also staged counterattacks against anti-government protesters in hopes of dispersing them. They used sticks and stones, but still, 25 people were reported injured. All is not quiet in Egypt this weekend as the peaceful revolution there turned violent. Reuters is reporting, “Men in plain clothes armed with swords and petrol bombs attacked protesters in Cairo on Sunday night during a demonstration demanding reform of security services with a reputation for brutality, witnesses said.”