Posted on 07/24/2008 4:28:23 AM PDT by drzz
Libya's dictatoship of Kadhafi has decided to suspend its oil selling toward Switzerland after Swiss authorities arrested and briefly detained Kadhafi's son in Geneva, last week, under the charges of having beaten two employees.
Khadafi's son, Hannibal, seeks revenge. The Libya National Oil Company announced Libya will cancel its oil sells to Switzerland.
Libyan oil represents 48% of Switzerland's needs.
Hello, McFly? (Not you, poster)
It’s a commodity, they can buy it on the world market just like anybody else.
Stop shipping chocolate to them, tit for tat.
Interesting. Thanks for posting.
I wonder when people will realize that, for the most part, oil is fungible, and it doesn’t really matter where it is sold on the world market, as long as it is sold.
Switzerland ought to seize Khadaffi’s Swiss bank accounts, see how many seconds it takes for him to change his mind.
We must stop appeasing a bunch of islamist dictators sitting on huge reserve of oil and stop also Obama the wanabe appeaser in chief
They are going to replace 48% of their supply over night? Yeah right. Stop and think about what that will cost. For one there isn’t that much crude available at current cost. They will have to pay very high prices for the short term. So either A. they will capitulate and reconcile with Kaddafi, B. break from their neutrality stance and invade Libya or C. they will hunker down for a world of hurt financially. I don’t know what 48% amounts to, but I would imagine for a small nation that is enough to wreck their economy in the short term.
Ha! Would the Swiss even do that to save themselves? Their banking reputation would say otherwise.
Sorry I misspelled Khadaffi.
Must stop radical nations from holding us hostage with oil
Must stop funding radical nations with oil money
DRILL HERE - DRILL NOW!
Pelosi AmericanVoice@mail.house.gov
You are right. However, our Demo-Socialist Congressmorons are so stupid they will probably propose legislation to “require” that Bush sell oil from our strategic reserves to help Switzerland.
How are you supposed to spell Muammar Gaddafi/Khadafy/Qadhafi?
Gaddafi will still need to sell that oil somewhere.
That’s correct. It shouldn’t make a bit of difference to the Swiss. The oil is not being pulled from the market by Libya since for them to do that would be depriving them of revenue.
Yes!
And the environmental stance is for me very suspicious.
Should Dems prefer US oil dependence?...
LOL! yes I received a Freepmail explaining the same. Thanks.
Not overnight, instantaneously.
Kaddafi will insist on selling to anyone but Switzerland, so there will be that much more oil available to non-Swiss nations. Meanwhile, Switzerland will buy oil from non-Libyan nations.
Not in the short term. Khadaffi doesn’t need the money, at least not at the moment. He has the time to sit and play hard ball. Of course he could be bluffing as well. Also whose to say he is going to sell it on the open market. He could sell it at a small discount to somebody else.
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