There wasn't enough demand in Europe for oil in those quantities in the 1930s. Secondly I doubt that ITTL the oil production of Libya would increase from nothing in 1930 to 148 million long tons by 1939 if the OTL production was brought forward 30 years. So it attracts a premium in price.Ĭlick to expand.Firstly I think we need to start an Italy Has Oil topic because this is really about what if Italy had its own supply, not what if Germany had its own oil supply. I would wonder what production costs would be in Libya, one advantage that Italy has here is that in the OTL, Libya oil is considered a very good quality oil and as it is close to Europe has a lower transport cost. Russia for example in that period had a lot of problems exporting oil because among other problems its oil was expensive. Then the next question is what is Libya cost structure for oil. So he would have to stay in the Italian good books. The oil here is not in Italy and without Italy he cannot make a campaign in North Africa to get it. Also for Hitler to invade Italy is a problem as what he wants here above all is the oil. .
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