Free Headline Alerts     
Worldwide Web WorldTribune.com
Front Cover
Daily Brief
Recent Hits
Real World Links
Opportunities
Bunker
Letters
Archives
Blog Line
World Links
Population Clock
Cartoon
Greatest Hits
Gertz File
Advertising Info
Editorial Board
Advisory Board
Contact Info
What Rush Said

  breaking... 


Wednesday, March 4, 2009

Gadhafi's talk of nationalizing Libyan oil dismissed by U.S. majors

WASHINGTON Ñ Major U.S. energy firms are unaffected by Libya's warning to nationalize its oil sector.   

U.S. executives said the threats by Libyan leader Moammar Gadhafi appeared to be directed for domestic consumption. They said Gadhafi's remarks had little significance amid the sharp decline in the price of crude oil.

"A year ago, everybody would be scared," an executive said. "But today, it's a buyer's market."

Also In This Edition

The executives said U.S. companies, led by ExxonMobil, did not expect disruptions in energy exploration and development programs in 2009.

Tripoli, however, has been pressuring such U.S. oil companies as ConocoPhillips, Hess and Marathon Oil to reduce their production share in at least one major energy project in the North African state, Middle East Newsline reported.

About Us     l    Contact Us     l    Geostrategy-Direct.com     l    East-Asia-Intel.com
Copyright © 2009    East West Services, Inc.    All rights reserved.