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By Andrew P. Napolitano
Fourth Amendment says Obama is not at liberty to collect metadata
Independent voices from the The Washington Times Communities
Topic - Andrew Lipow
International oil prices sank Monday, amid hopes that exports from Libya could pick back up in coming months, but it might be some time before the United States sees a significant drop in cost.
Oil prices around the world should start falling if Libyan rebels succeed in toppling Moammar Gadhafi's regime, though the full effect won't be felt for months.
Oil prices around the world should start falling if Libyan rebels succeed in toppling Col. Moammar Gadhafi's regime, though the full effect won't be felt for months.
"The return of Libya oil is going to have a much more dramatic impact on overseas prices, which will eventually affect oil prices over here," independent oil analyst Andrew Lipow said. "It's going to be several months before we see the return of oil production."
He added that any developments in the ongoing European financial crisis could also move stock markets around the world this week and oil prices along with them.