Chairman Of Libya National Oil Corporation Hopes Oil Does Not Become "Weapon", Sees $130 Price If Libyan Unrest Persists

Tyler Durden's picture

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Confused's picture

You might have ruined my ability to eat today. ;-P 

johnQpublic's picture

jesus dude, a person cant "unsee" things

that nightmarish vision is gonna be stuck with viewers permanently

StychoKiller's picture

Augghh!!  Mr. PotatoHead on acid!!

sulfur's picture

challenger report is out - the rumor has it chairsatan now started printing work contracts and giving them away with food stamps

TradingJoe's picture

Oil will go up, no matter what happens in Libya or else where! As to the Bucky, well it might see a short lived comeback, courtesy of the EuroZone troubles! Silver and Gold will push higher because there is literally no other "flight to safety" at this time or another! In this respect, markets will move lower, and lower, and lower!

Oh regional Indian's picture

Oil does not become a weapon?

It is the cause, effect and everythign between what is happening in that region for decades. Of course it can and will be used. Q-Wait and Eye-raq showed how.

Plus, they need to get the price to that $200 range to really make th esheep line up to get sheared. Right now, too much bleating and not enough beating.

ORI

http://aadivaahan.wordpress.com/2011/03/01/on-outsourcing-and-its-ills/

cossack55's picture

"too much bleating and not enough beating." Good one, ORI. Can I borrow it sometime?

Oh regional Indian's picture

Indeed Cossack. Sad as it is! 

ORI

Confused's picture

Agreed, that is a great saying.

 

And sadly what you are saying seems to be the rule. 

cossack55's picture

Are those North or South Korean ships? Gaddafi may be a goofball, but anyone who can stick the Evil Empire in the eye is OK in my book.

themosmitsos's picture

It's a mistake to think they dont have any defensive options other than destroying Oil. facilities. This is a leader that can and WILL continue recruting African Mercs and make this situation as messy as possible. I do not believe they destroy the oil, but I understand the reasoning.

williambanzai7's picture

Justifiable Force (American Style)

StychoKiller's picture

I believe that Al Capone had the same sort of trouble with Bugs Moran, for pretty much the same reasons!

johnQpublic's picture

....to make sure they meet our standards for basic abuse....

Confused's picture

Someone is in a good mood today. Keep up the good work sir. 

williambanzai7's picture

The circus is in town,lets have a good time ;-)

Oh regional Indian's picture

Teh Department of Defense of the Corporation of the UNITED STATES OF AMERICA.

Anywhere it's all caps, it's the company. And look at these guys.... ugh!

Between this and that hillary thing.... ugh ugh!

ORI

SashaBelov's picture

Sorry for off-topic. Buffett is joking againg about overpriced, useless, shiny 67 feet gold cube:

 

http://www.cnbc.com/id/15840232?video=3000008248&play=1

 

And of course making CNBC squad smilling and climaxing. It's just interesting, that when he's making 2 options: to have gold cube or to have all farmland, 7 XOMs and trillion cash, he doesn't make third option: to have farmland, 7 XOMs and 30feet gold cube instead of trillion depreciating dollars. He just couldn't be so stupid to not find out this less ironical third option. So, that means he is counsciously picking up this funny case to diminish a position of gold as hard money.

slackrabbit's picture

THERE IS NO GOD!!!

Judge Judy Scheinlok's picture

There was but Tyler or whoever banned him.

falak pema's picture

The libyan pipeline is coated with TNT. Q master knows this. The West should take heed. If they gave Q a Nobel peace prize immediately on special basis as a follow up to the Oscar ceremonies, anointing him alike his ex-mentor, now would-be torturer, Mustapha Mond, he would reconsider igniting the TNT in case of...obtaining an exceptional prize. By proxy, from the iconistic plutocrat whose children still make some cents from the sale of TNT, ( Mr Nobel). This has a nice nostalgic, family touch which should go down well with great Q, before he agrees to open wide the tap again. And cease his threats to blow up the golden eruption of black gold. A prize, to soothe his pride in erectile rage, is a small price to keep the lid on Saudi shangri-la. Maybe the penny will drop as his pet Bankstas tell the tale to sweet Lenina Crown whose  beautiful head appears so enticingly (??) in your presentation above. Will the USA back down, as plead the Bankstas and the oil lobby, scared shitless by all these 'democratic' tectonic under-movements in their oil garden-of-allah, is still to be seen...

Judge Judy Scheinlok's picture

No surprise to the US. The shape charges were planted by special forces to force inflation.

johnnymustardseed's picture

I don't get why if they charge $130 for a barrel of oil, we don't charge $150 for a barrel of wheat....They don't like it, let them grow their own fucking wheat

Judge Judy Scheinlok's picture

It took half a barrel of oil to grow a barrel of wheat.

rwe2late's picture

 The US, unlike other countries, can print petrodollars as fast as OPEC can raise the price of oil.

 The ME military protectorates of the US realize their subordinate and dependent position. They know what would happen if they overstep the bounds of the petrodollar extortion racket. Saddam quickly found out when he wanted to go off the petrodollar. Iran will remain under the gun unless they "wise up".

falak pema's picture

soon be running out of guns as bullets cost a ton and getting GI Joe to Oman is not easy when he's been shell shocked in A-gan. Musical chairs time. The market removes one chair every second from the US defense budget. Teeth gnashing at Pentagon head q. But not much else. The times are now a-changing...