Protesters stormed Libya’s parliament building on Friday and burned offices there.  Much of the unrest has been due to severe power outages in Libya in recent days, and several media outlets have reported that protesters were chanting “we want the lights to work” yesterday. 

The Northern Hemisphere summer is not yet two weeks old and already one nation’s parliament has been torched.  The aftermath has been striking.  Going forward, we continue to anticipate that all of us will end up living through a wild Northern Hemisphere summer that we might never forget.  Sentiment and prices in the energy markets have cooled very recently, but we expect sentiment and prices will very soon heat up again.