Austrian oil and gas group OMV said on Wednesday its fourth-quarter operating profit more than halved as production and sales in Libya dropped to almost nothing due to repeated disruption from oil-field protests and port blockades. Production is now running at about 70 percent of pre-civil war levels…
h/t Adrian
Thanks for sticking your nose where it doesn’t belong, Obama.
Starving the French oil and gas supplies will prevent Islamic car burnings this summer.
including the “fwench” in Kaybec.
Wow, 70% is about twice what I expected. But weren’t Britain and France going to invest and double Libyan production after they got rid of that divisive dictator?
Typical Liberal Eurowienee’s,
First they level the North African oilfield, and then piss off their Russian eastern supply through the Ukraine, and crap all over Alberta oil sands.
How’s that winter chill and driving petro going this year retarded ones?