Michele Kearney's Snuffysmith's Blog Major Foreign Policy, Economics, Energy, and Irrelevancies of the Day
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Thursday, March 3, 2011
Why you really can’t swap Libyan crude easily, at all
Why you really can’t swap Libyan crude easily, at all It’s not just about finding enough quality crude to replace Libya — it’s about the not insubstantial political risks hanging over those supplies, too. Fighting in Libya worsened on Wednesday, as rebels counter-attacked an offensive by Gaddafi forces into the country’s east — which is where much of the oil production is (was), incidentally.
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