Quote Originally Posted by RJ View Post
As Dayahun posted

Fuchs - Where does Germany and France get most of thier petrol products
Russia leads by far, followed by Norway and UK - then Libya.


Btw, the U.S. refineries are known for being obsolete due to marginal investments for decades - the European refineries are on the average not in such bad shape, at least not the Central European ones. I doubt that they would need to retool mush - and even if they did, we've got a huge industry sector for machine & tool production.

Overall I think a loss of the Libyan 7% oil imports would push us out of business as usual, but it wouldn't be a really major national problem.
In worst case we simply offer more money for gasoline than the East European can afford.