• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 8 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days Does Toyota Know Something That We Don’t?
  • 7 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 4 days World could get rid of Putin and Russia but nobody is bold enough
  • 3 days America should go after China but it should be done in a wise way.
  • 7 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 6 days China is using Chinese Names of Cities on their Border with Russia.
  • 7 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 6 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 7 days Putin and Xi Bet on the Global South
  • 7 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 8 days United States LNG Exports Reach Third Place
  • 8 days Biden's $2 trillion Plan for Insfrastructure and Jobs
Editorial Dept

Editorial Dept

More Info

Premium Content

A Glimmer Of Hope For Stability In Libya

Politics, Geopolitics & Conflict

General Khalifa Haftar, the commander of the Libyan National Army (LNA), is in the process of rounding up supporters of the former Ghaddafi regime in Sirte ahead of the September 1st anniversary of Ghaddafi’s coup. Previously allied (as recently as 2019 when Haftar attempted and failed to take Tripoli), they are now enemies, with Ghaddafi’s son, Saif, having competing presidential ambitions with Haftar.

This is all happening against a complicated backdrop of what appears to be progress towards stability in Libya. This week, we saw the Central Bank of Libya announce that for the first time in nearly a decade, its two rival branches (in Tripoli and Benghazi) would be unified. This has been a major sticking point for stability because the Tripoli branch controls the oil revenues, even though Libya’s east (represented by Benghazi) largely controls physical oil. Haftar had given the Government of National Accord (GNA) until August to come up with a scheme for the “fair distribution” of oil revenues, with Benghazi up in arms over not receiving the amount of oil revenues it believes it is entitled to given that it houses the oil fields and export terminals for the most part.

The back-and-forth civil war is all about this. We are skeptical that the Central Bank unification announcement will be the elixir necessary to hold elections to end political instability, and it remains unclear what sort of…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News