So Much For Libyan Rebel Oil Exports: Gaddafi Forces Destroy Last Fuel Tanks Under Rebel Control; NATO Land Offensive Now Unavoidable
And so the badly thought out experiment to supply Libyan rebels with a central bank, to be used to fund an "alternative" fuel industry comes to a prompt and fiery end. Reuters reports that "Libyan government forces destroyed four fuel storage tanks and set several others ablaze in rebel-held Misrata, dealing a blow to the port city's ability to withstand a government siege, rebels said on Saturday." Not surprisingly this fits in perfectly with the assumption first postulated by Zero Hedge that Gaddafi will destroy his entire oil infrastructure before letting it fall into "enemy" hands. This likely marks the end of the Libyan rebellion and will force NATO to launch a land offensive or suffer a crushing blow to its already shaky reputation as globocop, especially now that the US is in theory at least, out of the air campaign against Gaddafi. Which means that the boots on the ground are soon coming.
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And while NATO ponders how to best break to the world that it has failed in Phase 1 of the Libyan offensive, it appears that 1.6 million of barrels of oil will be out of the supply system for a long time. Furthermore, with developments in Syria and Yemen getting worse by the day, we are confident that geopolitical worries will once again trump margin hikes, and crude will promptly return in the triple digits within a week.
Tunisia warns Libya over shelling of border town
Tunisia warned Libya that it considered the shelling of a border town Saturday "extremely dangerous" and said it would take all necessary measures to protect its sovereignty.
Close to 100 shells or mortar rounds fell on or near the Tunisian border town of Dehiba Saturday, causing no injuries but doing damage to one house, a Reuters witness said. The shelling sent residents scurrying for safety.
The town has been hit repeatedly by stray shells in recent weeks as forces loyal to Libya's Muammar Gaddafi battle rebels for control of the Dehiba-Wazzin border crossing.
Just because the news isn't covering Libya anymore doesn't mean the Libyan rebels themselves aren't forgetting their countrymen, because they are..
And so the badly thought out experiment to supply Libyan rebels with a central bank, to be used to fund an "alternative" fuel industry comes to a prompt and fiery end. Reuters reports that "Libyan government forces destroyed four fuel storage tanks and set several others ablaze in rebel-held Misrata, dealing a blow to the port city's ability to withstand a government siege, rebels said on Saturday." Not surprisingly this fits in perfectly with the assumption first postulated by Zero Hedge that Gaddafi will destroy his entire oil infrastructure before letting it fall into "enemy" hands. This likely marks the end of the Libyan rebellion and will force NATO to launch a land offensive or suffer a crushing blow to its already shaky reputation as globocop, especially now that the US is in theory at least, out of the air campaign against Gaddafi. Which means that the boots on the ground are soon coming.
..
And while NATO ponders how to best break to the world that it has failed in Phase 1 of the Libyan offensive, it appears that 1.6 million of barrels of oil will be out of the supply system for a long time. Furthermore, with developments in Syria and Yemen getting worse by the day, we are confident that geopolitical worries will once again trump margin hikes, and crude will promptly return in the triple digits within a week.
Tunisia warns Libya over shelling of border town
Tunisia warned Libya that it considered the shelling of a border town Saturday "extremely dangerous" and said it would take all necessary measures to protect its sovereignty.
Close to 100 shells or mortar rounds fell on or near the Tunisian border town of Dehiba Saturday, causing no injuries but doing damage to one house, a Reuters witness said. The shelling sent residents scurrying for safety.
The town has been hit repeatedly by stray shells in recent weeks as forces loyal to Libya's Muammar Gaddafi battle rebels for control of the Dehiba-Wazzin border crossing.
Just because the news isn't covering Libya anymore doesn't mean the Libyan rebels themselves aren't forgetting their countrymen, because they are..
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