Caustic Logic
Illuminator
- Joined
- Apr 24, 2007
- Messages
- 4,494
Thanks. Indeed, telling.
At the same time, companies that had made such expensive commitments in Libya'sEPSA-IV licensing rounds were facing a big problem: there was little oil. Firms drilled nearly 600 wells in Libya from 2006 to 2009 and made just 27 oil discoveries, mostly small, according todata from the Organization of Petroleum Exporting Countries.
While probably not based on fiction, it's also a fact that the article clearly states that [the dude] and his quacky state was only part of the problem.
McHrozni
I predicted you would do that - that article is full of facts that point one way and characterizations that point another. Now go back and look at where they were allowed to drill and not allowed. Is this an example of Gaddafi's system limiting foreign oil companies, in such a way as might be fixed with regime change, or is Libya almost out of oil, to the point where no one cares?
Or was I misreading the counter-point? If Gaddafi's only part of the problem, what in your mind is the remainder, or the large part you think you've identified? Low oil reserves, poor drilling techniques, what?
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