The battle for Libya’s post-Gadhaffi’s soul (and oil)
Muammar Gadhaffi’s 42 year-old regime is in its death rattle – maybe today, maybe tomorrow, his administration that has ruled Libya with a quixotic and brutal hand is about to pass, in Trotsky’s piquant phrase, “into the dustbin of history,” prompting the question “what next?”
The glittering prize is Libya’s 1.6 million barrels per day output of high quality crude, which accounted for about 2 percent of global oil output drawn from Africa's largest oil reserves, whose exports have been stymied since the NATO-led campaign began six months ago. Projecting into the future, analysts believe that has reserves to sustain its previous level of production for 80 years.
Who will eventually control this asset, with oil prices currently at roughly $84 a barrel, generating an income of more than $12.6 million per day?
Full article at: Libya’s Post Gadhaffi Future - Who gets the Oil?
Optio debitis molestiae doloribus qui ea. Voluptas quo explicabo veritatis repellat eum occaecati impedit. Nobis similique cupiditate quis. Dolores laborum autem rerum optio illum. Nostrum laudantium pariatur in id. Fugiat non dolorem odio magnam est et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...