• 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
  • 3 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 20 hours "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
  • 39 mins Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 24 hours "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
Nickel Prices Could Be Set For A Rally

Nickel Prices Could Be Set For A Rally

Bullish catalysts are mounting for…

Near-Record Number Of Covid Infections Weigh On Oil Demand In China

Near-Record Number Of Covid Infections Weigh On Oil Demand In China

China is registering near-record numbers…

Saudi Journalist Says That Oil Shortages Will Topple Gaddafi

The ongoing struggle between Libya’s beleaguered regime and its opponents may eventually be decided by the issue of the country’s petroleum reserves.

Nearly all of Gaddafi's key allies have abandoned him, most notably those in the African Union, where he has poured billions of dollars in assistance over the years. A second element in the weakening of his regime is that while his forces remain well-equipped, the insurgents are assaulting Gaddafi's oil supplies, producing shortage in the capital Tripoli, where people are being forced to ride bicycles because of a lack of gasoline to fuel their automobiles.

Despite the energy hardships, the Libyan capital appears calm, although rebels have closed to within 50 miles of Libya’s capital, London’s Al-Sharq al-Awsat reported.

Gaddafi remains defiant, threatening at a press conference to carry out retaliatory attacks in Europe if NATO does not cease its campaign against his regime, telling supporters gathering in the main Green Square of the capital Tripoli, “We can treat you in a similar way,” a threat that the U.S. government has said that it takes seriously.

While Gaddafi remains bereft of any direct military support, diplomatically his African Union compatriots have called on its member states to disregard the arrest warrant issued by the International Criminal Court against him, a move that could weaken the court’s ability to hold him accountable for any crimes committed against his people.

By. Joao Peixe, Deputy Editor OilPrice.com

 



Join the discussion | Back to homepage



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