Libya's Oil Production Could Quadruple In A Year,AP/BI (Good Article about Gahdafi & Oil Interests)

[KoKo]

"Certainly, having Gadhafi no longer on the scene takes away one source of instability. We just think the bigger problem might be the 'game of thrones' between various factions within the rebel ranks," Croft said.

One major issue is figuring out how to divide oil revenue among more than 100 tribes in the country, says Frank Verrastro, director of the energy and national security program at the Center for Strategic and International Studies.

International companies will also have to be reassured that a new government won't try to drastically change contracts that have already been signed. And they want to be assured that their oil-field engineers will be safe.

Still, Verrastro says, initial reports on the condition of Libyan infrastructure have been promising.

Already, major oil companies are working with the transitional government. Last week, an Italian company called Eni reopened the pipeline that runs natural gas from Libya to Italy for the first time in eight months.

Read more: http://www.businessinsider.com/gadhafis-death-helps-clear-way-for-oil-exports-2011-10#ixzz1bNV5LMKZ

[Mendocino]

1. A well oiled world doesn't squeak as much.

;)

[Hutzpa]

2. This is the mistake the West makes

why would you try to figure out how to disburse their wealth amongs tribes?
Why not help them devise a policy that can benefit all of Libyans and at the same time
protect America.

Once you start thinking along tribal lines you are creating more problems that will
come back and hunt the US.

The oil companies should not participate in negotiation with the new Libyan government.

[The_Casual_Observer]

3. Gadhafi isn't even cold yet....

Oil? Oil in Libya? Really?

[Poll_Blind]

4. Now that you mention it- turns out the US has been buying oil from the rebels since June.

http://articles.cnn.com/2011-06-08/us/libya.rebels.oil_1_libyan-crude-oil-italy-and-qatar-oil-sales?_s=PM:US">Libyan rebel group sells first oil to U.S.

I'm pretty sure we had a CIA team there to broker a sale of cherry tomatoes by the rebels to Italy and the rebels were like "Hey, you guys want some oil for the dressing?"

Total happenstance kinda thing.

PB