Oil at 2.5-year high as European stocks up

Reuters  "Crude oil prices jumped to a 2-1/2-year peak on Monday as worries about supply disruption increased due to widening clashes in Libya..."
Rich Terrell captures the concept well:

What are Republicans Waiting for, $10 a Gallon at the Pump?  "A day should not go by on which Republican Senate Minority Leader Mitch McConnell and House Speaker John Boehner aren’t giving a press conference about how Obama’s energy policies are to blame for the soaring price at the pump and for killing domestic energy jobs at home.

"Here are some suggestions. Take note, gentlemen."...

Drilling Here, Drilling Now: It’s Just Common Sense "The noose we allowed foreign oil producers to place around our necks is tightening.

"And the worst part of all this is neither the per gallon gasoline price nor the per barrel price of oil, but rather the fact that it doesn’t have to be this way. We could be pumping enough oil here at home to offset the ramifications of the upheaval in Libya, but our president, various members of his administration, and the majority of Democrats in the Senate remain unwilling to budge on the idea. Therefore, we’ve literally turned our backs on billions upon billions of barrels of oil that we could be extracting and using right here at home."