Libya oil

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Trump: Let's Take Libya's Oil

When you win a war, you keep the spoils, Trump explains

(Newser) - If Moammar Gadhafi gets the boot, we should get some booty, or so thinks Donald Trump. "We are NATO. We back NATO in terms of money and weapons. What do we get out of it?" he asked the hosts of Fox & Friends today. "Why won’t we... More »

When Gadhafi Falls, Oil Prices Will Fall With Him

And stocks could 'soar': David Kotok

(Newser) - If the rebels succeed in taking Moammar Gadhafi down, expect oil prices to follow suit—which means stocks could skyrocket, writes analyst David Kotok at Business Insider . An end to the Gadhafi regime would likely allow Libyan oil production to rebound to a pre-crisis daily output of 1.6 million... More »

IEA to Release 60M Oil Barrels

Move designed to counteract 'Libyan disruption'

(Newser) - The International Energy Agency will release 60 million barrels of oil over the next month, in a bid to “offset the Libyan disruption,” the group announced today. The oil will come from the strategic reserves of the IEA’s 28 member nations, and will be portioned out at... More »

'Defected' Libya Official on Secret Gadhafi Mission

Shokri Ghanem reportedly trying to maintain ties with oil companies

(Newser) - Libyan oil honcho Shokri Ghanem reportedly defected earlier this month , but Reuters now reports that he may actually be on a secret mission for Moammar Gadhafi. A Libyan opposition source and a source at a large international oil company say Ghanem is attempting to maintain Libya’s ties with big... More »

New Oil Peddlers: Libya Rebels

Qatar is first reported buyer

(Newser) - Now that they’ve taken control of some critical oil fields and terminals, eastern Libya’s rebels are getting into the oil business. Qatar is rumored to be the first buyer, with a deal in place to buy the oil and ship it in leased tankers, the New York Times... More »

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