Skip to comments.
ISIS Fighters Take Over Major Libyan Oilfields
Time.com ^
| 3/4/2015
| Jared Malsin
Posted on 03/04/2015 10:46:06 AM PST by EBH
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20, 21-39 last
To: thackney
You think ISIS is going to be more effective and produce MORE oil than before this takeover?
They were saying that US storage was almost full and these guys black market lots of oil to fund their beheading. They sell lots of Iraq oil also. Selling cheap oil undercuts the US and OPEC. I don’t think shutting down production would be in their best interests.
21
posted on
03/04/2015 11:47:46 AM PST
by
mountainlion
(Live well for those that did not make it back.)
To: cuban leaf
Time for an Anglo-Egyptian invasion of Libya —Maybe Italy and France can help out—Afterward Egypt could rule it as a mandate until democracy is established in 20 years or so. Egypt could keep the oil profits—fill the land with Egyptians too. An Egyptian Empire? I am OK with that. Better Egypt than IS.
To: mountainlion
They are not putting more oil on the market than was already being supplied. They end up reducing the amount of supply because they sell less than the area originally produced.
Selling cut rate prices to a smuggler/middlemen does not lower global commodity prices. Just like the sale of stolen TV’s does not affect the price of TVs at Best Buy.
ISIS actions will give pressure to raise the price of oil on the global market, not lower it.
23
posted on
03/04/2015 12:14:17 PM PST
by
thackney
(life is fragile, handle with prayer)
To: EBH
Poor Barry, he was so busy playing golf and taking selfies that he forgot to draw a red line in Libya.
24
posted on
03/04/2015 12:15:35 PM PST
by
Fresh Wind
(Falcon 105)
To: Jack Hammer
And Bush got rid of Saddam Hussein.
25
posted on
03/04/2015 12:23:02 PM PST
by
353FMG
To: thackney
OPEC has lowered crude prices to put fracking in a bind. Demand was down so with the lower prices everyone built up their supplies. The radio said that US facilities were almost full and they expected prices to collapse. If ISIS continue to flood the market prices should not go up. If OPEC raises prices ISIS and Iraq will gain market share and keep prices form raising much. Unknown future events will be the wild card for prices. War with Israel would probably skyrocket prices.
26
posted on
03/04/2015 12:27:33 PM PST
by
mountainlion
(Live well for those that did not make it back.)
To: mountainlion
Excuse me?
Why would that be?
27
posted on
03/04/2015 12:30:02 PM PST
by
Osage Orange
(I have strong feelings about gun control. If there's a gun around, I want to be controlling it.)
To: ilovesarah2012
Something the MSM “should” be talking about....but they won’t.
28
posted on
03/04/2015 12:30:56 PM PST
by
Osage Orange
(I have strong feelings about gun control. If there's a gun around, I want to be controlling it.)
To: Carthego delenda est
Interesting..............
29
posted on
03/04/2015 12:32:20 PM PST
by
Osage Orange
(I have strong feelings about gun control. If there's a gun around, I want to be controlling it.)
To: Osage Orange
Excuse me?
Why would that be?
Relating to???
30
posted on
03/04/2015 12:33:10 PM PST
by
mountainlion
(Live well for those that did not make it back.)
To: mountainlion
Ummmm look at the post I replied to???
31
posted on
03/04/2015 12:35:30 PM PST
by
Osage Orange
(I have strong feelings about gun control. If there's a gun around, I want to be controlling it.)
To: Osage Orange
Ummmm look at the post I replied to???
Which one what number?
32
posted on
03/04/2015 12:45:20 PM PST
by
mountainlion
(Live well for those that did not make it back.)
To: mountainlion
33
posted on
03/04/2015 12:48:42 PM PST
by
Osage Orange
(I have strong feelings about gun control. If there's a gun around, I want to be controlling it.)
To: Osage Orange
I have no idea what you are talking about You have about 4 posts after mine and I did not see anything before.
34
posted on
03/04/2015 12:53:43 PM PST
by
mountainlion
(Live well for those that did not make it back.)
To: mountainlion
I won't draw you a map....
It's pretty simple.
Maybe this is part of your problem.......
FWIW-
35
posted on
03/04/2015 12:56:10 PM PST
by
Osage Orange
(I have strong feelings about gun control. If there's a gun around, I want to be controlling it.)
To: Osage Orange
36
posted on
03/04/2015 1:12:16 PM PST
by
mountainlion
(Live well for those that did not make it back.)
To: mountainlion
Really?
FWIW equals.... For What It's Worth...........
I'm sorry....
37
posted on
03/04/2015 1:19:16 PM PST
by
Osage Orange
(I have strong feelings about gun control. If there's a gun around, I want to be controlling it.)
To: All
38
posted on
03/04/2015 1:20:20 PM PST
by
musicman
(Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
To: mountainlion
If ISIS continue to flood the market prices should not go up. ISIS is only producing oil that was already being produced before from the same areas, and they are producing less of it than before they took over.
They are not flooding the market, they are reducing the oil supply to the market.
The net impact of ISIS is less oil on the global market. Their impact raises prices for the rest of us.
39
posted on
03/04/2015 2:03:31 PM PST
by
thackney
(life is fragile, handle with prayer)
Navigation: use the links below to view more comments.
first previous 1-20, 21-39 last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson
