Article Image
IPFS News Link • Energy

So with Ghaddafi gone, will fuel prices drop? Maybe,....

• AP
By then, oil, depending on where it is traded, could fall $10 to $25 per barrel.
 But getting back to regular oil production could prove difficult for Libya. Its government is still in its infancy. It has no parliament, no constitution and few remaining national institutions.
And infighting could spark a second uprising similar to the insurgency in Iraq, Barclays Capital analyst Helima Croft says.
"Certainly, having Gadhafi no longer on the scene takes away one source of instability. We just think the bigger problem might be the 'game of thrones' between various factions within the rebel ranks," Croft said.