Here's a real shocker.... ....they continue to feed the OIL BOYZ in the white house anything they want
UPDATE - Libya says wants U.S. oil companies back
Monday December 22, 5:31 pm ET
(Adds State Department comment, paragraphs 5-6)
ALGIERS, Algeria (Reuters) - Libya will welcome back U.S. oil companies, eager to
return to their abandoned operations, should Washington lift sanctions against it,
Libyan Foreign Minister Mohamed Abderrhmane Chalgam told reporters Monday.
Libya hopes its pledge Friday to
abandon weapons of mass
destruction may lead to the return of
the major U.S. oil firms that were
once responsible for producing
around one million barrels per day
of its crude.
"The U.S. has oil advantages in
Libya," Chalgam said. "We will try to
convince U.S. oil companies to
return.
"We currently produce 1.5 million
barrels per day and we aim to
increase the oil output to 3.0 million
bpd in 2020," said Chalgam, in
Algiers for a North African summit on
the Sahara scheduled for Tuesday but postponed due to disagreements between
Algeria and Morocco.
In Washington, U.S. State Department spokesman Richard Boucher said on Monday
positive developments in Libya could eventually lead the United States to lift economic
sanctions that bar U.S. companies from doing business in the oil-rich country.
"As Libya's policy changes, Libya's behavior changes, Libya's circumstances change,
we'll be willing to look at those things," Boucher added.
Convincing U.S. oil companies to return to their lost concessions shouldn't be difficult. AHAHAHAHAHAAHAHAHAH~~~~~
Five U.S. oil firms were active in Libya before sanctions on investment in 1986,
including Marathon Oil Co. (NYSE:MRO - News), Amerada Hess (NYSE:AHC - News)
and ConocoPhillips (NYSE:COP - News) -- which made up the Oasis Group --
Occidental Petroleum (NYSE:OXY - News) and Grace Petroleum. |
