During the crisis in Libya in 2011 he advised the government to cut off oil supplies to the Gaddaffi government and divert fuel to the rebels, thus encouraging the rise of islamic fundamentalism. He sided with the people who murdered the American ambassador in Benghazi. Assuring everyone that he was an expert on the oil business, he warned in The Times that oil prices of $200 a barrel are "on the cards" if anyone is "reckless and foments unrest." <ref> https://www.expatica.com/uk/news/country-news/British-minister-says-Arab-unrest-can-double-crude-prices_244704.html</ref>
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During the crisis in Libya in 2011 he advised the government to cut off oil supplies to the Gaddaffi government and divert fuel to the rebels, thus encouraging the rise of islamic fundamentalism. He sided with the people who murdered the American ambassador in Benghazi. Assuring everyone that he was an expert on the oil business, he warned in The Times that oil prices of $200 a barrel were "on the cards" if anyone is "reckless and foments unrest." <ref> https://www.expatica.com/uk/news/country-news/British-minister-says-Arab-unrest-can-double-crude-prices_244704.html</ref>
By 2016, despite five years of unrest, oil prices were still $40 per barrel.
By 2016, despite five years of unrest, oil prices were still $40 per barrel.