{"id":20066,"date":"2011-03-13T02:17:07","date_gmt":"2011-03-13T07:17:07","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20066"},"modified":"2011-03-13T02:17:07","modified_gmt":"2011-03-13T07:17:07","slug":"libya-enters-civil-war","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/13\/libya-enters-civil-war\/","title":{"rendered":"Libya Enters Civil War"},"content":{"rendered":"<p><strong>By James McKee<\/strong><\/p>\n<div>\n<p>The nation of Libya has just entered into a new phase of  conflict as the weapons of choice have shifted from bullets to rockets. A  couple hundred miles west of Tripoli rebels and supporters of Gaddafi  are exchanging heavy weapons fire at a distance. There are RPGs and  other explosive projectile weapons are being used by both sides to  attack one another. The country&#8217;s conflict has graduated from a series  of skirmishes to what appears to be an all out civil war. While Libya  provides less than 5% of the world&#8217;s oil this conflict continues to  scare investors who believe the conflict could spread.<\/p>\n<p>This has  brought in the interests of Western countries such as the US and UK who  have begun to show serious interest in intervening for humanitarian  purposes. The rebels have stated openly that they do not want any  interference from the west however US warships have already entered the  region in case they are needed. There has already been a small squad of  several UK soldiers detained by Rebels within the warzone in Libya. This  recent incursion on behalf of Western forces has alerted Gaddafi as to  the where the support of Western nations is going to be centered.<\/p>\n<p>Libya  is not the only country to experience this type of firestorm, in fact  in addition to the three countries (Egypt, Tunisia and Libya) that have  already experienced these issues Saudi Arabia is now undergoing massive  public protests. The USD and other major currencies will certainly see  some unrest and tumultuous activity if the situations in the Middle East  do not calm down. This is highly unlikely due to the fact that there  are already flare ups occurring in Saudi Arabia that have caused oil  speculators to predict prices as high as $200.00 a barrel within the  next several months.<\/p>\n<\/div>\n<h3>About the Author<\/h3>\n<p>Author is a Forex trader and financial analyst residing in  Denver, Colorado. To stay up to date on all the latest developments in  the financial world and beyond be sure to check out the <a href=\"http:\/\/forex.tradingcharts.com\/foreign_exchange_rates\/\" target=\"_new\">forex exchange rates<\/a> regularly<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The nation of Libya has just entered into a new phase of conflict as the weapons of choice have shifted from bullets to rockets. A couple hundred miles west of Tripoli rebels and supporters of Gaddafi are exchanging heavy weapons fire at a distance.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20066","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=20066"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20066\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}