• 3 minutes "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 9 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 5 days Energy Armageddon
  • 4 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 1 day "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 1 day "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 5 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 1 day "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 1 day The Federal Reserve and Money...Aspects which are not widely known
  • 3 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 11 days Wind droughts
  • 2 days Goldman Betting on Cryptocurrencies
  • 10 days Putin and Xi Bet on the Global South
Tap Oil Fields, Not Our Emergency Reserves, To Lower Energy Prices

Tap Oil Fields, Not Our Emergency Reserves, To Lower Energy Prices

America’s Strategic Petroleum Reserve has…

Russian Hackers Target Dutch LNG Terminal

Russian Hackers Target Dutch LNG Terminal

Russian hackers appear to be…

Editorial Dept

Editorial Dept

More Info

Premium Content

Libya's Election Is All About Oil Money

Libya’s election problem is still all about oil money. 

The fear among those who could lose power in Libya as a result of elections planned for December 24th is now palpable. None of the major power brokers on either side are willing to loosen their grip on power in this oil-rich country. 

The entire premise of the pre-election jockeying is this: The new government will make significant concessions to the east if all the power brokers of the east (including General Haftar) buy into the new unity government in the west. But that means specifically buying into the current government of national unity led by Abd Aldabaiba. Aldabaiba hasn’t officially announced he is running for president in December, but he’s been campaigning clearly and attempting to align the country’s forces around himself, centered on Tripoli. Power brokers in the east aren’t buying it, and that could lead to a dangerous break down in an already fragile pre-election period. 

Again, it’s all about the oil. When Haftar moved to take over Tripoli by first cutting off the oil supply, it was because the east (Benghazi) had no access to oil revenues. When Haftar launched his campaign, Tripoli closed down the bank clearing system. It should have been reopened once Haftar allowed the oil to start flowing again about this time last year. It has not been reopened, which means that the GNU head is still trying to deprive the east of any oil revenues. 

Aldabaiba…





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