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Instability in Libya threatens oil industry

The West must stop ignoring the collapse of a country it helped break but forgot to help fix

Civil war had shut in Libya’s oil production. The International Energy Agency (IEA), aware that seasonal demand was rising and the market could spike in the absence of the country’s high-quality crude, acted quickly: over 30 days, 60 million barrels were made available from strategic stocks. The market used most of them and a damaging price surge was kept at bay. This was in the summer of 2011. Shortly after the IEA turned off the taps in September, Libya’s war ended and the country’s oil output began a swift recovery. Almost four years to the day after the start of Libya’s 2011 revolution, civil conflict once again threatens to kill Libyan oil, destroying the country’s economy. In February

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