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Western oil companies privately fear losing their operations in Libya as payback for air...

Western oil companies privately fear losing their operations in Libya as payback for air strikes should Gaddafi prevail. The head of Libya's NOC says firms that have repatriated staff due to the crisis should get back to work or risk losing future contracts to rivals from China, Brazil, and India.
Comments (4)
  • tigersam
    , contributor
    Comments (1711) | Send Message
    Gaddafi is a dead man. Here is my advise to Gaddafi. Get on your knees and beg for mercy. You still have time to exile in other countries. With your money you can buy an exile. Rember Sadam Hussen.
    21 Mar 2011, 09:09 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4013) | Send Message
    There are consequences to doing business with criminals.
    21 Mar 2011, 09:12 AM Reply Like
  • phoneranger
    , contributor
    Comments (350) | Send Message
    Even if Gaddafi can hang on in Tripoli, it's now just about impossible for him to restart oil production on his terms. He needs foreign workers and expertise and more important ports. A blockade is a given. No Chinese, Venezuelan or Russian company is going to take the place of the Western oil companies if they can't export.
    21 Mar 2011, 09:30 AM Reply Like
  • kmi
    , contributor
    Comments (4030) | Send Message
    Libya's oil production is dead. Anyone thinking otherwise is confused. Everywhere revolutions are successful, the military cooperates to some extent with the rebellion. That's not happening in Libya. The only hope for the revolutionaries is foreign intervention.


    But the fact is, Gaddafi will burn the oil and cripple the country before he dies. And guess what, now that the US is blowing up the country, guess who is going to foot the bill to rebuild the country, just like Iraq...


    Those who forget the past are destined to repeat their mistakes.
    21 Mar 2011, 11:09 AM Reply Like
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