"The relentless oil price is causing economic havoc around the
world, and Libya represents a
major supply risk that could send prices
even higher. The recent failed attempt by
Bashagha to take power in Tripoli has heightened tensions in the country
and could lead to significant supply outages.
Until
there is genuine progress on the issue of fair distribution of oil
revenues within the country, this risk of major supply outages will
continue to plague markets.
The economic pain
for many countries being caused by still-high crude oil (and gas) prices
may be exacerbated by another extensive series of blockades of key oil
facilities in Libya." ZH