Monday, April 21, 2014

Libyan Oil Shortage

In Libya the intern government was forced to slash there budget by a large amount of 36 billion U.S Dollars due to a huge oil shortage which knocked oil production from 1.4 Barrels Per Day to 200,000 Barrels Per Day. This has caused extreme dysfunction in the Libyan Government and caused the Prime Minister, Abdullah al-Thanay to step down saying he has recently been threatened by unnamed members of the militias who helped overthrow Gaddafi during the civil war. This cut in the budget of Libya has caused infrastructure funding to go down severely and has ended almost all government programs that were planned to be implemented in the coming months.

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