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Omaha Steve

(99,618 posts)
Mon Mar 7, 2022, 09:40 AM Mar 2022

UN, US call for ending blockade of oil fields in Libya

Source: AP

CAIRO (AP) — The United Nations and the United States on Monday called for the lifting of a blockade on oil production at two of Libya’s key oil fields as prices soared to over $130 a barrel.

Stephanie Williams, the U.N. special adviser on Libya, said blocking oil production from the Sharara and el-Feel fields “deprives all Libyans from their major source of revenue.” She tweeted: “The oil blockade should be lifted.”

Richard Norland, the U.S. ambassador to Libya, also called for an immediate end to the shutdown.

The closures have caused Libya’s daily oil production to drop by 330,000 barrels, according to the state-run National Oil Corporation. Before the shutdown, Libya’s production stood at around 1.2 billion barrels a day. The North African nation has the ninth-largest known oil reserves in the world, and the biggest oil reserves in Africa.

Read more: https://apnews.com/article/business-middle-east-africa-libya-united-nations-214d20d65ff4e52e5df065942b3ca9c7

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Magoo48

(4,708 posts)
2. It's time to make nice with Venezuela.
Mon Mar 7, 2022, 10:06 AM
Mar 2022

I mean, we trade with the Saudis. To climb on the high horse and sneer at any others becomes the height of hypocrisy.

Sapient Donkey

(1,568 posts)
7. Makes sense strategically, I think.
Tue Mar 8, 2022, 01:11 AM
Mar 2022

We should do the same with Cuba and any other country that isn’t a direct threat to us or our friends. Turn everything upside down and make it so we actually live up to our ideals. Probably wishful thinking, but it would be nice.

Sapient Donkey

(1,568 posts)
8. Any idea if it's legitimate concerns that have this deadlock there
Tue Mar 8, 2022, 01:15 AM
Mar 2022

Or is it all purely political power play stuff that makes it impossible for a mutually agreeable solution to be found?

Ford_Prefect

(7,895 posts)
6. Europe will have them in very short order. World prices affect everyone who uses oil for any purpose
Mon Mar 7, 2022, 01:08 PM
Mar 2022

including whether I can afford to drive into town and back, and whether I and my neighbors can afford medicine and groceries. Similar issues of relative costs will hit elsewhere around the planet, if not in your neighborhood.

Initech

(100,068 posts)
5. Also let's end after hours speculation trading while we're at it!
Mon Mar 7, 2022, 12:47 PM
Mar 2022

So much of our high gas prices are because of speculation trading and it's really time to end this bullshit!

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