Quote:
Originally Posted by GattaFish
Nebe,,, no disrespect but China gets WAAAAAAAY more oil from Libya than we do,,,
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2 pct of the global crude comes out of libya
In a speech earlier this week, Seif al-Islam Gaddafi, the son of Colonel Muammer Gaddafi, warned that in the event of a civil war, Libya’s oil wealth would be “burned”. In a terse announcement, CNPC said it was in the process of evacuating its 391 Chinese employees from the country and had already repatriated 24 of them. Contacted by phone, CNPC confirmed the attack but did not provide details, saying that it was still waiting for the latest news out of Libya." Unfortunately, as we first suggested three days ago, it is now only a matter of time before the Libyan madman decides to set his oilfields on fire in recreation of Saddam's parting gift to Kuwait, as retaliation against the world
Brent Touches $120 Overnight After Chinese Oil Facilities In Libya Attacked, Bombay Stock Market Plunges | zero hedge