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HiPointDem

(20,729 posts)

6. yes, the article says "pulling out". And the OP editorializes on that by saying, "see, it wasn't

Reply to Auggie (Reply #4)

Fri Jun 1, 2012, 02:35 PM

Jun 2012

about the oil".

But if you read the content, it's pretty clear shell is just shutting down economic activity for the moment as a bargaining tool for better terms -- sticking it to whoever governs libya by shutting off their oil-generated revenues.

It seems that the new Libyan authorities have been slow to meet the hopes of IOCs for more preferable terms and the current interim government would rather maintain the contracts that are based on EPSA IV agreements terms to stay the same.

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Shell’s Pulling Out of Libya [View all] tabatha Jun 2012 OP

Oh ooh! It seems like the Libyans are ungratefull mazzarro Jun 2012 #1

The NTC stated from early on tabatha Jun 2012 #5

shell isn't pulling out of libya, as it clearly states in the text. HiPointDem Jun 2012 #2

The article says "pulling out" -- read your own response, 2nd paragraph. Auggie Jun 2012 #4

yes, the article says "pulling out". And the OP editorializes on that by saying, "see, it wasn't HiPointDem Jun 2012 #6

Fail. tabatha Jun 2012 #8

The article is about the oil corps playing hardball with Libya to get more profits, not about HiPointDem Jun 2012 #10

It appears that you are right (link to a much more in depth article)... Luminous Animal Jun 2012 #12

Great article. Seems BP is expected to comply with the terms it signed with Ghaddafi in 2009. pampango Jun 2012 #14

Sounds like a simple threat to me: malthaussen Jun 2012 #3

It is all in the eye of the beholder. tabatha Jun 2012 #7

Indeed a threat. The good news is that the Libyan government is playing hardball with the IOC's pampango Jun 2012 #9

Plus, Gadaffi-era corruption investigation continues Iterate Jun 2012 #11

BP to resume operations in Libya EFerrari Jun 2012 #13