The Libyan revolt has sparked fears of skyrocketing oil prices that may affect the cost of everything from transport to food. With a barrel of the black gold approaching 120 dollars this week, analysts are warning of significant economic threats if the turmoil spreads further. Dina Gusovsky explains how the problem is playing out in the US. Steve Levine from the magazine Foreign Policy believes the oil market is unlikely to collapse any time soon. He says there are stable countries like Saudi Arabia that can fill the gap of those stuck in turmoil.
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