• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 14 hours Fukushima
  • 2 days America's pandemic dead deserve accountability after Birx disclosure
  • 19 hours Today Biden calls for Summit with Putin. Will Joe apologize to Putin for calling him a "Killer" ?
  • 13 mins U.S. Presidential Elections Status - Electoral Votes
  • 2 days CO2 Mitigation on Earth and Magnesium Civilization on Mars – Just Add Water
  • 1 hour Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 12 hours Biden about to face first real test. Russia building up military on Ukraine border.
  • 15 hours Joe Biden's Presidency
  • 1 day New Chinese Coal Plants Equal All those in U.S.A
  • 4 days Does .001 of Atmosphere Control Earth's Climate?!
  • 3 days Oh the Dems!!! They cheer for helping people while stabbing them in the back!!! Enbridge asks Canadian government to support oil pipeline in dispute with Michigan
  • 4 days The coming Cyber Attack
Editorial Dept

Editorial Dept

More Info

Premium Content

Libya's Oil Conflict Is Escalating Again

A line-up of external actors is preparing to escalate the military conflict in Libya, but none of them want to. It’s about securing positions and hoping for a real cease-fire deal that would lead to an end to the conflict. Egypt is ready to deploy troops to Libya to fight in support of General Haftar against the Turkish-backed GNA. Russian mercenaries--Moscow’s proxy in this war--are securing oil facilities for Haftar, along with a mix of other militias, including Sudan’s blood-curdling Janjaweed, who are always for hire. The Libyan National Oil Company is in a panic as it watches every single oil facility become militarized at the 11th hour of this conflict, risking irreparable damage if anything goes wrong. 

Now, the US is threatening sanctions on both Russia and Turkey for escalating the conflict in another move to simply buy time. U.S. lawmakers accuse Moscow of making a move on Libya’s oil, but this argument is a pedantic one. All external forces are trying to back what they believe will be the winning side to secure construction and oil contracts when the dust settles, while Turkey is trying to secure its Mediterranean future by backing the GNA. 

The point is to consolidate military positions for negotiating leverage, but throwing all these bands of militias together is a dangerously explosive setup. The thing to watch once you get past the headlining military news is the Central Bank audit, which officially started off Tuesday.…





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News