It almost seems like it was yesterday that Hugo Chavez was threatening to steal Obama's peace prize from under the president nose, when one dictator seemed on the verge of ending another dictator's multi-decade rule. But not really. And since nobody remembers that fable any more, it is time to come up with a new rehash on a common theme. Per Reuters, "Muammar Gaddafi has accepted a roadmap for ending the conflict in Libya, South African President Jacob Zuma said on Sunday after leading a delegation of African leaders at talks in Tripoli." Good thing Zuma has so much more credibility in the international community than Chavez. Or else people may see through yet another attempt at push oil prices lower for a day or two while the big boys load up, only for the rumor to dissipate in a day or so. "Zuma, who with four other African heads of state met Gaddafi for several hours at the Libyan leader's Bab al-Aziziyah compound, also called on NATO to stop air strikes on Libyan government targets to "give a ceasefire a chance."" We are not positive, but something tells us the Beatles are about to get an asston of royalties on that particular phrase. And just in case there is no confusion about just what this "roadmap" entails, there damn well should be. "No one at the talks gave details of what was contained in the roadmap. Anti-Gaddafi rebels have said they will accept nothing less than an end to Gaddafi's four decades in power, but Libyan officials say he will not step down." So no actual details, but please sell Brent or else Goldman won't be able to load up. Is that about the gist of it?
More from Reuters:
"I have some commitment which is compelling me to leave now but we have completed our mission with the brother leader (Gaddafi)," Zuma said after the talks.
Apparently Zuma, after extensive deliberations with the guy with the headdress, has realized how important it is to move his gold stash from point A to point B post haste.
"The brother leader delegation has accepted the roadmap as presented by us. We have to give ceasefire a chance," he said.
"The delegation ... will be proceeding tomorrow to meet the other party, to talk to everybody and present a political solution to the problem in Libya."
"We also in this communique (adopted at the talks on Sunday) are making a call on NATO to cease the bombings to allow and to give a ceasefire a chance."
"My colleagues remain in Tripoli and tomorrow will go to Benghazi," to meet the rebel leadership, Zuma said.
In other news, expect everyone to BTFD in brent and crude.