The Phaserl


How a Middle East Oil Crisis Could Benefit the US

by Matt Insley, Daily

“Targeting oil infrastructure is the easiest way to have demands met,” says Amrita Sen, chief oil analyst at Energy Aspects.

Infrastructure… the Middle East… disrupted oil exports…

It’s all part of a larger story, one that’s been relegated to the back pages of the mainstream coverage.

I’m talking about Libya.

Over the past three years, production and export capacity from the once-strong oil exporter have fallen off a cliff. At current rates, Libya is exporting 220,000 barrels of oil per day — that represents a mere fifth of the country’s total export capacity of around 1.2 million barrels per day (mbd). And there’s no real sign of improvement ahead.

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