Last man out will turn off the oil tap (Page 1) Oil production in Libya is set to drop dramatically as leading international companies and subcontractors evacuate their staff. Crude oil prices shot up to a two-and-a-half-year high above $108 a barrel on Monday as traders braced themselves for the impact of political unrest in [...]

Source: http://greennav.wordpress.com/2011/02/22/ft-energy-news-22-february/
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