• 3 minutes The World Economic Forum (WEF) - Davos 2022 Conference held this last week of May
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 2 hours "Russia will stop 'in a moment' if Ukraine meets terms - Kremlin" by Reuters via Yahoo News...but Reuters suddenly cut out the balanced part of the story.
  • 3 days Advancing Fundamental Drilling Science - Geothermal drilling successes offer potential gain for petroleum industry
  • 2 hours "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 2 hours "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
Editorial Dept

Editorial Dept

More Info

Global Energy Advisory May 6th 2016

Politics, Geopolitics & Conflict

• Libya is facing an intensified threat to its oil as east and west continue in a standoff over control of the country’s oil wealth following the east’s thwarted attempt at unilaterally exporting. There is now talk that Libya’s production could fall by 120,000 barrels per day as this battle intensifies. The problem here is that the West has taken the stance that the Unity government (the Government of National Accord, GNA) is the only way out of the Libyan chaos. It hasn’t been approached very adeptly, however. The GNA showed up in Tripoli and got help from armed factions that the internationally recognized government (until recently) finds a bit intimidating. The eastern government in Benghazi is now concerned that it will be sidelined—and rightly so; hence the attempt to export oil unilaterally and gain some leverage. And it is not impossible for them to gain this leverage. While it’s the Tripoli-based National Oil Company that has run things since Gaddafi’s fall in 2011, if the newly established Benghazi National Oil Company manages to makes its own oil money, it will indicate that it can survive on its own, and this would be a break-up of the country and a full-fledged civil war, which ISIS would absolutely love. The eastern government will not sign off on the GNA at this point—at least not until they are sure they can’t gain enough leverage to get back into the game.

•…




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