Oil prices would have spiked by double digits, sending prices at the gas pump soaring. Politicians would be railing about energy independence and the United States being captive to Saudi sheikhs. Gas prices at the pump have dropped three cents since Monday, continuing a downward trend over the last several weeks, according to AAA. The latest reports show 12.4 million barrels per day, about twice the 6 million barrels the country was producing a decade ago. The Organization of the Petroleum Exporting Countries has tried to reduce supply to keep oil prices high enough to support their economies, but it has largely been unsuccessful.

Source: Libya Today June 15, 2019 02:26 UTC