IEA: Many Months to Restore Libya's Oil Output

 　　An expert at the International Energy Agency says it may be "many months" before Libya's damaged oil industry can resume full production. The head of IEA's Oil Industry and Markets Division, David Fyfe, said Thursday there are "many logistical, operational and security related challenges" to overcome in Libya.

　　Before the uprising, Libya produced about 1.6 million barrels of oil a day. The Bloomberg financial news service says production fell drastically, and recovered to to only 100,00 barrels per day last month.

　　Earlier this year, uprisings in Libya and other oil-producing nations caused a spike¹ in oil prices as investors³ worried that supplies would be disrupted. To ease supply and price concerns, the IEA organized an effort by many nations to open their oil reserves and make up to 60 million barrels of oil available from to energy markets. That effort ended in mid-September.

　　Thursday's death of former Libyan leader Moammar Gadhafi appeared to have little impact on the world price of crude oil.

　　At one point, the price declined by nearly two dollars in New York trading. Bloomberg attributed the change to investor² worries that Europe's continuing financial problems could cut demand for energy, rather events in Libya.

　　Officials of the International Monetary⁴ Fund say they are working to help Libya assess its battered⁵ economy and improve its public finances.

　　Thursday in Washington, IMF spokesman Gerry Rice said officials from the global lender and the World Bank will return to Libya in a few weeks to continue that project.

1 spike   

n.长钉，钉鞋；v.以大钉钉牢，使...失效

参考例句：

• The spike pierced the receipts and held them in order.那个钉子穿过那些收据并使之按顺序排列。
• They'll do anything to spike the guns of the opposition.他们会使出各种手段来挫败对手。

2 investor   

n.投资者，投资人

参考例句：

• My nephew is a cautious investor.我侄子是个小心谨慎的投资者。
• The investor believes that his investment will pay off handsomely soon.这个投资者相信他的投资不久会有相当大的收益。

3 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

4 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

5 battered   

adj.磨损的；v.连续猛击；磨损

参考例句：

• He drove up in a battered old car.他开着一辆又老又破的旧车。
• The world was brutally battered but it survived.这个世界遭受了惨重的创伤,但它还是生存下来了。