Libya oil production grinding to a halt

phantom power

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Thu Feb-24-11 10:02 AM
Original message

Libya oil production grinding to a halt

Uh oh -- they're breaking out the passive voice! "measures have been undertaken!"
:rofl:

NEW YORK (CNNMoney) -- Oil production in Libya is shutting down as companies operating there begin to close facilities due to the ongoing violence.

Oil prices surged Wednesday, passing $100 a barrel, after a report in the Financial Times said half of Libya's production has been suspended. The report cited unnamed industry executives.

...

"Certain oil and gas activities in the country have been temporarily suspended in a precautionary way," said the statement, released Tuesday. "Security measures on those facilities have been undertaken."

http://money.cnn.com/2011/02/23/news/international/libya_oil_production/index.htm

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