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Prince Abdulaziz Bin Salam

The Oil Market's Overreaction to Events in Libya

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Commentators today are repeatedly referring to the level of oil reserves held by the Libyan oil fields, projecting concerns that these reserves are in danger of being cut off from the world market. That concern is spurious to say the least.