ST Alpha - "Weren't there sanctions against Iraq that kept them from selling oil before we went in?" (Reading a Post)

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In response to "the oil market doesn't work that way. If Libya wants money, they have to sell their oil." by Reagen

Weren't there sanctions against Iraq that kept them from selling oil before we went in?

Posted by the liioulu with lots less (aka liioulu) Mar 17 '11, 17:10

Or Qadaffi could play hardball on his own. It ain't as simple as you say either.

Responses:

Yes, the world could lay sanctions on him. That seems like that'd piss him off even more, so wouldn't seem to fit with your theory. - Reagen Mar 17, 17:17 7
- And he hasn't always played well with OPEC. - the liioulu with lots less Mar 17, 17:22 6
  - OK, so he says "I'm not selling oil to Italy anymore". He then sells to South Africa or Mali or Ghana or whereever - Reagen Mar 17, 17:25 5
    - And he's done some of those things in the past. - the liioulu with lots less Mar 17, 17:32 4
      - describe those consequences to me and contrast them with how they would be different than the current situation of no Libyan oil? - Reagen Mar 17, 17:36 3
        
        Okay, we aren't talking about the same thing. I mean when it's all over and done. - the liioulu with lots less Mar 17, 17:41 2
        
        Yes, we are. - Reagen Mar 17, 17:53 1
        
        I didn't say anything about S&D.... I said Supply and Price. - the liioulu with lots less Mar 17, 17:58

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