Tag Archives: OMV

Elite use destabilization to create artificial oil shortages

Two years after local militias overthrew the Libyan dictator Col. Muammar el-Qaddafi, many of those same fighters have brought Libya’s critical oil industry to a halt. Disturbances at several large export terminals and oil fields have throttled Libya’s daily oil production to one-tenth its capacity in recent days, jeopardizing the national economy and tightening world […]