• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 48 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 hours Reality catching up with EV forecasts
  • 2 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 11 days US Oil Independence is a myth and will always be a myth
  • 1 day A Somewhat Realistic View of the Near Future for Electric Vehicles Worldwide
  • 7 days The Federal Reserve and Money...Aspects which are not widely known
  • 12 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 16 days Natural gas price to spike when USA is out of the market
  • 15 days "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 15 days *****5 STARS - "The Markets are Rigged" by The Corbett Report
Americans Are Struggling To Pay Car Loans

Americans Are Struggling To Pay Car Loans

Of all car loans, severely…

Could Canada Pass Something Similar To The Inflation Reduction Act?

Could Canada Pass Something Similar To The Inflation Reduction Act?

Canada’s Prime Minister Justin Trudeau…

Oil Unmoved After EIA Reports Small Crude Build

Oil Unmoved After EIA Reports Small Crude Build

Crude prices moved slightly higher…

Editorial Dept

Editorial Dept

More Info

Premium Content

Libya On The Brink Of Conflict Despite Rising Oil Output

Politics, Geopolitics & Conflict

Watch Libya’s newfound oil output with a huge dose of skepticism. We’ve warned of this repeatedly since a dubious deal that ousted the NOC chairman and suddenly saw an end to protests and lifting of force majeure. It’s still a powder keg - more so every day. PM-designate Bashagha is no longer content to sit in Sirte, the gateway to the Oil Crescent, where he set up his government when current interim PM Dbeibah refused to step down. He is now threatening to take Tripoli by force. Both sides are clearly mobilizing their forces. If Bashagha tries to enter Tripoli again (it would be the third attempt), this time it will be armed, which will likely mean a return to bloody conflict. On Thursday, an extraordinary meeting of the Presidential Council and top security officials was convened, with Dbeibah included. The UN is on high alert, and the US State Department is also on edge. A mobilization is happening, and this is the 11th hour. Things are slightly different now, though. There are new alliances and factions, and it won’t play out the same way it did in 2014. This time external forces aren’t as keen to be involved and turn this into a Libya-wide war for control of oil resources. It is not yet clear whether Bashagha could have a chance at taking Tripoli by force. This would depend on to what extent militia alliances have shifted inside Tripoli. Coming in from the outside alone, we do not see how he could…


ADVERTISEMENT


ADVERTISEMENT



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