If Gaddafi Falls, Will Oil Fall, Too? | Arabianomics

Assuming the Libyan rebels at last oust the regime of Col. Muammar Gaddafi, one of the most crucial questions for the West is when Libyan oil output may resume at or near capacity, and what might that do to global oil prices.

Writing for the AP, Bree Fowler notes that “Oil prices around the world should start falling if Libyan rebels succeed in toppling Moammar Gadhafi’s regime, though the full effect won’t be felt for months.”

Libya’s oil is light and sweet, and thus, extremely valuable to nearby European refineries.

* username: rupertbu