The amount of Libyan oil that is not being exported due to the conflict has been all over the place. It started out at "onepointfivemillion" barrels of oil per day, but I have seen figures as low as 600,000 barrels oil lost per day. I assume some of the difference has to do with the source of the report, and any "hidden agenda" of the media source. Be that as it may, the Libyan loss could have been as little as 600,000 bopd when the conflict started. Since then, of course, it has increased (one would assume).
Today, we learn that a terrorist (?) blew up a major Iraqi pipeline which has resulted in the loss of 400,000 bopd being exported by Iraq. There's not a whole lot of difference between 600,000 bopd and 400,000 bopd.
It took a major national upheaval in Libya to result in a loss of a relative small amount of oil, and some terrorist was able to cause almost a much disruption with one event, and it got minimal press.
