Possible energy effects of a US ban on Libyan oil imports
Under current slack market conditions, a ban on trade with Libya is not likely to have a major impact on US oil supplies or prices. Current US oil imports from Libya are small, and oil is readily available from other sources. Libya could experience a temporary loss of oil revenues until it found new customers. Tight market conditions - unlikely in 1982 - would maximize the potential adverse effects on the United States and minimize those on Libya. US oil companies - both those producing and refining Libyan oil - are more likely to feel the adverse effects of a trade ban than the United States as a whole. Although a ban would probably prevent direct imports of Libyan oil from entering the United States, some Libyan oil could still enter the country as products refined elsewhere.
- Research Organization:
- General Accounting Office, Washington, DC (USA). Energy and Minerals Div.
- OSTI ID:
- 5233096
- Report Number(s):
- EMD-82-43; ON: DE82902604
- Country of Publication:
- United States
- Language:
- English
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292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
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294000 -- Energy Planning & Policy-- Fossil Fuels
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