Santorum Drops Out

[Figment]

Originally Posted by Vash02

It doesent matter if they dont get any oil from them its maintaining the stability of oil prices.

True, if they didn't deliver oil to others, the total oil supply on the market would be lower, thus demand/supply ratio would rise.

[HalfManHalfGod]

Originally Posted by Figment

True, if they didn't deliver oil to others, the total oil supply on the market would be lower, thus demand/supply ratio would rise.

I know I'm in total agreement. I was just making the point that US doesn't buy its oil from just anyone which was back to Fig's point.

Isn't that why EU decided to support the rebels because Gaddafi was threatening to cut off oil to the EU? Sorry my history is a little fuzzy on that event which was last summer?

[Vash02]

Originally Posted by HalfManHalfGod

I know I'm in total agreement. I was just making the point that US doesn't buy its oil from just anyone which was back to Fig's point.

Isn't that why EU decided to support the rebels because Gaddafi was threatening to cut off oil to the EU? Sorry my history is a little fuzzy on that event which was last summer?

NATO bombed him because he is a murderous dictator who funded terrorist groups across Europe. It was the first chance at making a transition to an alternative government without seeming like being conquering invaders.

[Figment]

Originally Posted by Vash02

NATO bombed him because he is a murderous dictator who funded terrorist groups across Europe. It was the first chance at making a transition to an alternative government without seeming like being conquering invaders.

That and the factions that tried to rebel wern't - as many feared - religious nutcases (all that and the oil flow was promised to continue).

[Figment]

Originally Posted by elfailo

79% went to the EU. Kind of significant.

Is that 5% to the US under Khadaffi rule longer term?

As said earlier, Berlusconi was particularly happy to take Libyan oil.