Bloomberg News

Qaddafi Death to Ease Oil Flow Resumption, PBFBest’s Flynn Says

October 20, 2011

Oct. 20 (Bloomberg) -- Phil Flynn, vice president of research at PBFBest in Chicago, talks about the death of Libya’s Muammar Qaddafi and the impact that will have on oil output from the African nation.

Flynn spoke in a telephone interview today with Bloomberg News.

Qaddafi, whose dictatorship lasted 42 years, died after being captured by forces led by the Misrata Military Council, the group said.

On resumption of oil output:

“Qaddafi has been a dead man walking for weeks. It reduces some of the concern that Libya is going to become another Iraq for getting the oil production back on.”

“It increases the odds that oil production will come back sooner rather than later and it will come back smoothly.”

--Editors: Charlotte Porter, David Marino

To contact the reporter on this story: Gene Laverty in Calgary at glaverty@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net


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