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Despite signs that Libya's civil war is coming to an end, don't expect oil supplies to come back...

Despite signs that Libya's civil war is coming to an end, don't expect oil supplies to come back on line too quickly, says Dennis Gartman. It's going to be at least 18 months before Libya gets back to full production. "With the amount of damage to infrastructure – to pipelines, machinery, the loss of men and equipment, it takes time to replace that."
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Comments (5)
  • mike8599
    , contributor
    Comments (596) | Send Message
     
    There has got to be an easier way to get oil than to overthrow a government.... what did this cost ?
    22 Aug 2011, 07:22 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (2670) | Send Message
     
    Yeah - open up our own reserves to drilling. All they should see off the coast of Nantuckett is windwills and oilwells.
    22 Aug 2011, 08:31 PM Reply Like
  • bigbenorr
    , contributor
    Comments (915) | Send Message
     
    Not to mention the cost of getting good help over there to get things running. I work in the oilfield services sector, and I wouldn't go to Libya for anything less than double my current paycheck.
    22 Aug 2011, 07:25 PM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    It would be easier for DG to just say the two words that flash in everyones head when he talks about the heavy's.

     

    Buy Gold.
    22 Aug 2011, 07:38 PM Reply Like
  • Yokyok
    , contributor
    Comments (330) | Send Message
     
    never underestimate the ability of people who profit from high oil prices to make mischeif.
    22 Aug 2011, 08:23 PM Reply Like
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