February 25, 2011, LAS VEGAS, NEVADA -(Coal Geology) – StockMarketLife Alerts investors to the following issues: Citigroup Inc.©, Bank of America(BAC), Ford Motor Co.(F), General Motors Co.(GM), Sprint Nextel Corp.(S), Alcatel-Lucent(ALU), General Electric Co.(GE), Pfizer Inc.(PFE), Kunekt Corp.(KNKT), Petrobras(PBR) and Exxon Mobil Corp.(XOM).
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–MIDDLE EAST OIL WORRIES–NEWS ANALYSIS–
Bloomberg reports that Japanese bank Nomura Holdings Inc. is predicting that the price of oil will hit $220 a barrel if exports from Libya and Algeria are halted. US Light Crude hit $103.41 a barrel in London during the early hours of Thursday’s trading session. We are now seeing the highest prices since the Fall of 2008. Adding fuel to the fire is a Facebook campaign calling for a “Day of Rage” on March 11th in Saudi Arabia – the world’s top oil producer.
–MIDDLE EAST UPDATE–
Muammar Gaddafi is blaming the unrest in Libya on Osama bin Laden. Reuters reports the embattled leader of the oil rich nation is blaming the head of the terrorist organization al-Qaeda for the violence in his country. Also according to a Time magazine source the Libyan strongman has threatened to blow up the oil pipelines in an effort to intimidate Libya’s rebellious tribes.
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