Gaddafi says he is “afraid that Tripoli will burn” – audio on state TV
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I am already seeing the internet buzz that oil prices will fall once Libyan production is restored. OK, that makes sense. But let me take this one step further.
Several companies saw their stock prices drop when the Libya mess kicked off. These were companies such as HES, SLB, etc. that have significant operations in the country. Needless to say those stocks trade in correlation with oil prices (HES in particular). So, even if oil prices drop do those companies regain what they previously lost due to operations being restored?