who is setting libya’s oil on fire
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Who is setting Libya’s oil on fire?

Egypt Today, egypt today

who is setting libya’s oil on fire

Ali Ibrahim

Those worried about the slump in the oil market—which has seen prices of crude oil fall to their lowest levels in years—may owe a debt of gratitude to the armed militias in Libya. These groups are now setting ablaze storage tanks in the country, reducing the oil output from one of OPEC’s core producers and, so, inadvertently helping curtail the excess in supply in the market that has caused prices to drop so drastically.
However, such thanks would be premature. Those hoping for a resurgence in the price of oil following the news from Libya will be sorely disappointed; prices did not reach their hoped-for levels after people quickly realized that this former oil powerhouse—which used to help supply the global market with 1.6 million barrels of oil per day—has for a long time not been the force it once was.
One has to wonder at these militias who are sabotaging storage tanks and oilfields, the main source of income for the country and the Libyan people, who are no doubt the real losers in this sorry debacle. Without the funds from oil revenues, Libya simply has no hope of rebuilding itself and its institutions.
What is clear is that these groups are attempting to control this valuable source of revenue for their own ends, and to prevent the elected and internationally recognized Libyan government—which can’t even hold its meetings in the country’s capital, Tripoli—from using it. This is exactly what happened in Syria and Iraq with the Islamic State of Iraq and Syria (ISIS), which has appropriated both these countries’ oil supplies to fund its own extremist agenda and pay its fighters’ wages.
What is different in the Libyan case is that the supply is larger; the danger—to the region and the international community—is therefore much more acute. These resources could be used not only to fund the militias in Libya, but also their allies in neighboring countries, or those in Syria and Iraq. This would cause the problem to mushroom out of all proportion.
Any hopes for winning the war against terrorist groups in the region must revolve around ways to stop this situation from snowballing out of control. A year ago no-one would have believed that primitive militias driven by extremist ideologies could control such vast swaths of territory in countries like Syria and Iraq, and that an international coalition would need to be formed in order to stop them. But now here they are, and no-one is yet to provide an adequate explanation for their success and how they have come to possess such large numbers of weapons and resources.
The same is now happening in Libya, which is descending toward an open war on the banks of the Mediterranean. No adequate explanation has been provided for the prominence of these militias on the scene. All we know is that they seek power—and to impose their ideology on the Libyan people.
And just like what happened with Syria, there is a reluctance from the international community to take action on the situation in Libya. Things are now getting out of control and becoming more and more complex. But all we have had are calls and proposals completely out of sync with reality, ones that put extremist groups and a legitimate government on an equal footing—as if they were both sides in a conflict that could be resolved through talks, even though one of the parties does not believe in the concept of dialogue in the first place.
Not only that, such views also contend that regional forces are at play in this conflict. Libya’s neighbors, and other countries in the region, are sure to be the biggest losers in this whole situation. This means these countries have a greater, and more legitimate responsibility than anyone else to help Libya and its people get out of this mess.

The views expressed by the author do not necessarily represent or reflect the editorial policy of Arab Today.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

who is setting libya’s oil on fire who is setting libya’s oil on fire



GMT 18:35 2018 Friday ,14 December

Can Armenia break the ice with Turkey?

GMT 21:25 2018 Thursday ,13 December

PM limps on with UK still in Brexit gridlock

GMT 21:21 2018 Thursday ,13 December

US begins crackdown on Iran sanctions violations

GMT 14:33 2018 Wednesday ,12 December

Political turbulence likely to continue unabated in 2019

GMT 14:26 2018 Wednesday ,12 December

Canada standing on the wrong side of history

GMT 13:27 2018 Tuesday ,11 December

France and the crisis of democracy

GMT 10:14 2019 Monday ,19 August

Love a special date with you

GMT 12:03 2017 Wednesday ,19 July

Saudi tourism chief applauds festive

GMT 18:05 2017 Thursday ,27 April

Damascus blast consistent with Israeli policy

GMT 16:16 2015 Tuesday ,29 September

Kuwaiti folklore delights crowd at Expo Milano 2015

GMT 13:52 2017 Friday ,31 March

UK economy grows 0.7% in final quarter of 2016

GMT 06:11 2017 Thursday ,02 November

Riyadh, Kiev cement relations with Saudi visit

GMT 22:38 2011 Saturday ,23 April

Picnic with pachyderm: enjoy Nepal safari with kids

GMT 08:43 2018 Monday ,08 January

Messi marks new milestone in Barcelona

GMT 13:33 2017 Saturday ,11 November

Buzzing with 1920s Tokyo design and flavour

GMT 19:38 2017 Monday ,02 October

Report: Bahrain's labour market stable

GMT 10:40 2016 Thursday ,15 September

Dwarfs stand tall at Rio Paralympics

GMT 07:21 2017 Friday ,17 March

Chinese president receives Saudi king

GMT 05:56 2017 Saturday ,04 March

Japan’s core inflation rises

GMT 12:35 2012 Friday ,21 September

Qatari healthcare system to undergo changes

GMT 08:11 2017 Sunday ,12 February

White Nationalist Online Presence up 600% Since 2012
Egypt Today, egypt today
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday