• 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
  • 3 days The United States produced more crude oil than any nation, at any time.
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 15 hours Bad news for e-cars keeps coming
  • 2 days China deletes leaked stats showing plunging birth rate for 2023
  • 4 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
Editorial Dept

Editorial Dept

More Info

Premium Content

Libya's Presidential Candidates Could Cause A Civil War


Gaddafi’s son. General Haftar. Libya’s former interior minister Fathi Bashagha. Former Prime Minister Ali Zeidan. Prime Minister Abdulhamid al-Dbeibah. Parliament speaker Aguila Saleh. These are the official candidates for Libya’s December 24th presidential elections. It’s a list that suggests renewed civil war. Haftar is the key controlling figure in the east, and of the Libyan National Army (LNA). Gaddafi’s son is wanted by the International Criminal Court (ICC) for crimes against humanity. Bashagha has been playing all sides from the Turkey alliance to the rival Haftar-supporting side backed by Russia, Egypt, and the UAE. Meanwhile, Saleh is nominally perceived as a Haftar ally from the east, though he also benefited nicely from the General’s failure to take Tripoli. He also wrote the only existing electoral law that was rushed through. There is no unifying candidate to avoid bloodshed here unless we consider al-Dbeibah. At the same time, a “unifying” candidate, in this case, means a powerless one.  

Why do we care what happens in Libya from an energy crisis perspective? The US and China are presently discussing a jointly timed release of their strategic petroleum reserves. If they do this, and Libya descends into chaos again, which will surely be played out on the oilfields in the form of hijacked or completely halted production, removing another 1.2 million bpd from the market (Libya’s current production rate, though it’s targeting 2 million bpd in an ideal scenario…

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