Fall of Gadhafi regime impacts oil prices

CAPE GIRARDEAU, MO (KFVS) - Many are wondering, why they should care about the fall of the Gadhafi regime.

For starters, the fall of Gadhafi is already impacting oil prices in a good way.

Oil fell 33 cents to $85.28 a barrel Thursday.

Before the country's civil war, Libya provided the world's market with 1.5 million barrels of oil a day.

When they stopped exporting it sent prices soaring.

Southeast Missouri State University History Professor Wayne Bowen watched intently as the president spoke today about Gadhafi's death.

Bowen who specializes in European and Middle Eastern history says right now it's too early to tell how this will impact Libya in the long run.

But, he says for us here at home, it's an important moment.

"The United States of America should always be happy when a brutal dictator falls," said Bowen. "Even when he was doing what we asked him to do, he was still a terrible presence in Libya. Even though Libya is a rich country, it could be richer, could be a paradise."

He says Libya's the richest country in Africa.

There are 140 tribes in the country, which is only about the size of Alaska with about 6.5 million people.

The professor, who is also a soldier and has served our country in the Middle East, says Libya must now unite. And he hopes that America will not ignore the country.

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