Monday, April 8, 2019

Shortfall...


Image result for oil prices cartoon
Oil held gains after rising to the highest in more than four months in London as ongoing tensions in Libya added to concerns over supply.

Brent futures added as much as 0.7 percent, approaching $71 a barrel. Libya’s internationally-recognized government vowed to counterattack against forces loyal to strongman Khalifa Haftar which are trying to enter the capital Tripoli. 
Crude prices have continued to climb after their strongest quarter in almost a decade as OPEC and its allies curb output while economic and political crises squeeze supplies from member nations Venezuela and Iran. An escalation of the conflict in Libya, which pumped 1.1 million barrels of crude a day last month, risks creating a supply shortfall.

You broke it you bought it. What we did in Libya created more chaos and destruction than we imagined.

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