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Gaddafi Starts Bombarding His Own Oil Fields

Tyler Durden's picture





 

Back in February we were wondering how long before Gadaffi starts a scorched earth policy on his own country, and primarily his oil infrastructure, in a repeat of Hussein's non-triumphal departure from Kuwait. Turns out the answer is about a month and a half. With it now becoming painfully clear that the whole purpose of the humanitarian intervention is to procure preferential terms of oil imports from Libya's rebel alliance, the "humanitarian" force has forgotten that despite no airplanes, Gaddafi will likely not take too kindly to not collecting revenues from what he perceives as his natural resources. From the FT: "Oil production in rebel-controlled eastern Libya has stopped after troops loyal to Muammer Gaddafi bombarded several oilfields, the opposition said on Wednesday. The assault came hours after the rebels exported their first cargo of oil into the international market, potentially opening the door to millions of dollars of funding to sustain their uprising against Colonel Gaddafi’s 41-year rule. The attack against oilfields in the east was the first against production facilities. Previously, only port facilities and crude oil storage tanks in the Es Sider and Ras Lanuf, also in the east, were damaged during the conflict." We are confident that this escalation will give NATO the caed blanche to commence a land-based campaign and prevent further infrastructure destruction before Gaddafi causes irreparable damage to even more facilities (although Halliburton naturally couldn't care less).

More from the FT:

While storage could be repaired relatively quickly, production facilities are far more complex, particularly if oil wells caught fire.

Abdul Jalil Mayuf, an official at the Arabian Gulf Oil Company, said production had been stopped “because it was not safe” following an attack on the Misla field by pro-Gaddafi troops. “It’s not safe in the fields,” he said.

The attacks on the fields came as Arab nations backing the use of force in Libya were being urged to help train and guide rebel fighters as western military planners prepare for involving ground forces.

Amid fears of a prolonged stalemate, the UK and France are approaching Qatar and the United Arab Emirates to provide or fund military specialists to bring some fighting discipline to a ragtag opposition force.

This guidance, which could be supplied by military contractors, would be modelled loosely on the clandestine ground support and air cover provided for the irregular Northern Alliance fighting the Taliban in Afghanistan in 2001.

Air strikes halted forces loyal to Col Gaddafi from advancing on Benghazi but the planners realise it will take more than that to tip the balance.

Look for changes to this shortly:

Nato members are unwilling to provide troops to train or co-ordinate the rebels, leaving a question mark over how the next phase of the conflict can be prosecuted to give the opposition the upper hand.

Providing military support through Arab partners in the alliance is seen as a better way to overcome political resistance to western ground forces operating in another Muslim country.

And the ironic thing is that any imminent land invasion will only exacerbate things, as the Arabic world will hardly look too kindly on such a NATO-based invasion, forcing Brent to continue grinding slowly to their old all time highs.

 


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Thu, 04/07/2011 - 09:40 | Link to Comment Josh Randall
Josh Randall's picture

Gaddafi goes OJ, says "if I can't have her nobody can, Zenga Zenga!"

Thu, 04/07/2011 - 09:47 | Link to Comment slow_roast
slow_roast's picture

"+1 trillion dollars" - Bernank

Thu, 04/07/2011 - 10:50 | Link to Comment thefatasswilly
thefatasswilly's picture

+ . . . for a trite comparison between two Africans?

Sad.

In any case, Libya has successfully polarized the major powers into two main camps: the anglo-saxon camp of U.S., England, and France vs. the "other" camp of China, Germany, and Russia.

History certainly rhymes. The only difference today is that China will play a dominate role in the World War. Amusingly, Japan will sit out due to its lack of energy and overdose of radiation. Its collapse is fertile ground for Chinese chauvinistic imperialistic expansion.

In addition to this, the U.S. will lose this time around. The answer as to why is simple, and is found all over this post: oil. Hitler invaded Russia, despite the fact that such a move was probably doomed to failure, simply because he needed access to the Russian oilfields to power his vast, innovative tank battalions. Invading Russia was his only move, as shitty as it was.

The U.S. no longer produces enough oil to keep up with its domestic peacetime consumption; it would be impossible for it to produce enough to power its war machine in full swing. It cannot import oil during a world war, because oil tankers are huge, delicious targets.

A contingency, of course, lies in the high possibility that Russia changes sides, like in all other World Wars. Slippery cossack sluts. However, in a final analysis, I personally believe that Russia will side with China when push comes to shove, because it is more geopolitically prudent for it to do so. The threat the bear faces is from its west, not its vast siberian wilderness.

The industrial powerhouses of China and Germany would be backed by the vast natural resources of Russia. A perfect, deadly combination. U-B-F lacks both the resources and industrial capability in comparison.

I had posted before that the major powers would avoid utilizing nuclear bombs in this war, because no elite, who owns all of the money, power, and women, would desire M.A.D. At all. However, I am changing my analysis for two reasons:

1) The entire world is slowly being irradiated by Japan, anyway, via its spewing of radiation contaminated sea water. This water will irradiate plankton, and move up the food chain in increasing amounts.

2) I recently read some of Einstein's thoughts on nuclear war. He states that such a war would NOT destroy civilization, because "there would be enough books and men capable of thinking to rebuild [it]." I tend to trust Einstein, although there are far fewer books and thinking men today than there were in 1945 (when he wrote the above thoughts).

Thu, 04/07/2011 - 11:08 | Link to Comment sscam2001
sscam2001's picture

Have you heard the commentary of Lindsey Williams a chaplan from the north slope of Alaska oil fields? According to his theory the US has plenty of domestic oil reserves to power its military machine, its been sitting here domestically for decades off limits to local development and exploration. The US is awash in oil, the powers that be merely are waiting for the price to get into the 150-200 a barrel range before they reopen domestic production.

 

The US has been on a policy of using the US dollar to purchase and consume the natural resources from around the world all the while keeping most of our own domestic resources in the ground. I foresee the US being denied access to the foreign markets we now abuse to our hearts delight, and when that happens we still have plenty of crude in the ground to keep thinkgs going here at home for quite a while to come as long as the price of oil remaind high enough to turn a massive profit for our greedy US oil corporations. 

 

My take on this future conflict with CGR v UBF. I fear that the powers that be want to trigger a nuclear strike upon the west by China in which we will then be recast as the victims after absorbing the Chinese first strike. But then I live on the westcoast where we have already witnessed a Chinese ballistic missile being launched off our coast all the while the Pentagon tried to claim it was an optical illusion from a commerical  jetliner contrail.

Thu, 04/07/2011 - 11:14 | Link to Comment Flakmeister
Flakmeister's picture

LW strikes me as a nice enough guy, a tad long winded but whatever...

Ever notice that as a Preacher he sells salvation and an after-life? Well, the Gull Island story is right out of the same play book...

Here is a sniff test: The TAP is getting to the point where oil flows will be insufficient to operate it. I can assure that the majors who have a interest in the TAP do not want to see that happen, so if there was oil that they could get to the TAP, they would jump at the oppurtunity...

Oil companies make money on the difference between cost of production and price...

Thu, 04/07/2011 - 12:47 | Link to Comment Yardfarmer
Yardfarmer's picture

thanks all for the attempts at intelligent discourse before the thread once again inevitably returns to the yapping doggerel 

Thu, 04/07/2011 - 13:13 | Link to Comment Flakmeister
Flakmeister's picture

Yapping doggerel.... my, how erudite :)

Thu, 04/07/2011 - 12:51 | Link to Comment chumbawamba
chumbawamba's picture

The guy has a decidedly hucksterish spin to him.  He talks a mile a minute, always in very grave tones, starts setting you up early for some news that he's about to reveal to the world, spends ten minutes building tension, then let's out the "secret" which is so banal and minimal that you'd be excused for missing it, then spends the last minute or so of his screeching pedalling his books and videos.

WTF?

Even Alex Jones seems to be getting tired of his schtick.  Last time I listened to old Lindsey on AJ a few weeks back, AJ kept trying to get Lindsey to just spill the fucking beans already.

Can't blame him for taking advantage of the situation.  Pastors don't make all that much regurgitating the word of the Lord.

I am Chumbawamba.

Thu, 04/07/2011 - 12:13 | Link to Comment thefatasswilly
thefatasswilly's picture

I believe that most of what is left domestically has poor EROEI.

I agree with your view that the west will try to trigger some sort of aggression from China; however, China is very patient. I don't think the dragon will be easily provoked.

Thu, 04/07/2011 - 11:27 | Link to Comment i-dog
i-dog's picture

"[Japan's] collapse is fertile ground for Chinese chauvinistic imperialistic expansion."

Jingoistic nonsense! China has no history -- at all -- of "imperialistic expansion" ... unlike the US, UK and France.

China creates trading alliances rather than imperial conquests ... and has been doing so for all of its recorded history. Turn off your TeeVee before it totally destroys your mind!!

Thu, 04/07/2011 - 12:13 | Link to Comment thefatasswilly
thefatasswilly's picture

"China has no history - at all - of 'imperialistic expansion.'"

Are you being sarcastic? By the way, I don't own a television.

Thu, 04/07/2011 - 12:31 | Link to Comment sun tzu
sun tzu's picture

China has a long history of imperialistic expansion. They just never had the navy to expand beyond East Asia. Korea and Vietnam were once under Chinese rule. Japan was attacked several times as were other nations near China. Tibet was also conquered by China. China itself is an empire. It used to be several different kingdons before a powerful Chinese warlord conquered the neighboring kingdoms. Learn a little history before spouting off on something you know little about.

Fri, 04/08/2011 - 04:03 | Link to Comment i-dog
i-dog's picture

You, wise master of war, are the one who needs to bone up on some history ... particularly relevant history ... before spouting your mouth off!! :/

Firstly, "China" wasn't even China before the original warring states in East Asia were joined into a single kingdom now known as China -- 200 years before Christ and 1,900 years before the first "United Kingdom"!! -- so that tangent is a non sequitor for a start! (As another example, "Italy" wasn't Italy, either, until the many principalities were joined into a single kingdom).

Secondly, China considers Tibet part of its own territory (as it also considers a disputed part of Kashimir that it would like to have back, thank you very much!). Tibet was originally settled 3,000 years ago by migrants from what is now northern China!

Thirdly, I know of no such Chinese "attacks" against Japan (other than in self-defence after being attacked first by the daimyo class of Japan). Perhaps you can enlighten me with some links to your history sources?

Fourthly, China had a great navy that sailed around the globe to such places as the Middle East and the Caribbean -- long before your ancestors even knew what a boat was! China was still the leading maritime power in the world by 1400 A.D. (but for trading, not for building an empire). Even by the late 1800s, when England, Spain, Holland and Portugal were stomping all over the world building their opium, silver and slave empires, China had the largest fleet in East Asia and the 4th largest in the world -- again, for trading, not for empire building.

You armchair Rambos -- who call for war against everyone, yet habitually use false flag incidents to claim that they attacked you first and then leave your fellow countrymen to do the actual fighting -- literally make me sick!

You don't just know fuck all, you know fuck nothing!

Fri, 04/08/2011 - 20:22 | Link to Comment thefatasswilly
thefatasswilly's picture

Wow. You are so ignorant it's amazing.

The empire known as China has risen and fallen many times over the past few millennia. Every time it fell, it fractured into little kingdoms which were eventually united again due to . . . military conquest.

More recently, please tell me what China is doing in Kashmir and Arunachal Pradesh? The Chinese military forces there are just keeping the peace for India, right? Idiot.

Sat, 04/09/2011 - 00:18 | Link to Comment i-dog
i-dog's picture

As with 'Sun Tzu' above, you are all insults and no facts, troll.

Quote some facts about China's "imperial expansions" and [unprovoked] "attacks on Japan" and I might debate with you ... otherwise, go back to the [Plato's] cave from which you two so obviously crawled.

Sat, 04/09/2011 - 01:03 | Link to Comment thefatasswilly
thefatasswilly's picture

I never said that China attacked Japan, you fucking moron.

I may have insults, but I do back it up with fact.

If you don't know that China has risen and fallen/fragmented and reunited via military conquest again and again, you are entirely ignorant, and not even worth debating. Idiot.

Thu, 04/07/2011 - 10:13 | Link to Comment Haywood Jablowme
Haywood Jablowme's picture

Amerikkkaaa FUCK YEAHHHHH

*Thanks for the junk....oops I mean "love" :P

BTW....give em' hell Gadaffi LOL

 

Thu, 04/07/2011 - 09:42 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

Long Boots and Coots (HAL).

Thu, 04/07/2011 - 09:47 | Link to Comment Joe Davola
Joe Davola's picture

Ya beat me to it!

Thu, 04/07/2011 - 10:28 | Link to Comment slaughterer
slaughterer's picture

Boots on the beach by tomorrow, bitchez!

Thu, 04/07/2011 - 09:45 | Link to Comment Joe Davola
Joe Davola's picture

Haliburton now owns Red Adair's company.

Thu, 04/07/2011 - 13:05 | Link to Comment krispkritter
krispkritter's picture

Why you gettin' junked? It's true. They bought it just before BP blew up the GOM. How f'in convenient was that? 

Thu, 04/07/2011 - 09:43 | Link to Comment SheepDog-One
SheepDog-One's picture

I said he had that planned from the beginning. You want to come steal my oil? OK youll have to start totally from scratch, making the war and recovery a -scratch- game for you after I destroy all wells and refineries.

Thu, 04/07/2011 - 10:12 | Link to Comment EscapeKey
EscapeKey's picture

You're preaching to the choir.

Thu, 04/07/2011 - 10:53 | Link to Comment SLA-recrute
SLA-recrute's picture

The K-daff sure paid attention when Sadam had to exit Kuwait...

Thu, 04/07/2011 - 11:49 | Link to Comment AdTheNad
AdTheNad's picture

And apparently we didn't.

Thu, 04/07/2011 - 09:43 | Link to Comment Azannoth
Azannoth's picture

"(although Halliburton naturally couldn't care less)." I think they wil allow a certain degree of 'creative' damage just so they will have a pretext for 'rebuilding'

Thu, 04/07/2011 - 10:05 | Link to Comment serotonindumptruck
serotonindumptruck's picture

How many engineers does it take to repair a broken window?

Thu, 04/07/2011 - 09:46 | Link to Comment Flakmeister
Flakmeister's picture

Nothing like the smell of "Scorched Earth" in the morning...

Thu, 04/07/2011 - 09:44 | Link to Comment Mercury
Mercury's picture

You don't get to rule a country full of hostile clans of crazy Arabs for 40 years by letting yourself get pushed around by people who don't know what they're doing or why they're doing it.

Thu, 04/07/2011 - 09:44 | Link to Comment John Law Lives
John Law Lives's picture

This is what can happen when you stick your nose in other people's business.

Thu, 04/07/2011 - 09:45 | Link to Comment Pants McPants
Pants McPants's picture

Not that US citizens overall care, but I'm interested to hear the justification behind US boots on the ground......three weeks after we were told the opposite.

If this plays out as forecasted, Rockwell's law holds: always believe the opposite of what the government tells you.

Thu, 04/07/2011 - 09:48 | Link to Comment SheepDog-One
SheepDog-One's picture

Justification? Because Obama the great I-Am said so, and americans will never stand up to tyranny so why should they worry?

Thu, 04/07/2011 - 12:34 | Link to Comment sun tzu
sun tzu's picture

Obama is trying to overthrow all of the Muslim dictators and become the next Caliph

Thu, 04/07/2011 - 09:47 | Link to Comment SheepDog-One
SheepDog-One's picture

Amazing americans are so under the spell of evil they cheer on outright theft as a good stock trade. Funny. But wont be for long.

Thu, 04/07/2011 - 09:54 | Link to Comment chumbawamba
chumbawamba's picture

What you sow is what you reap.

Thu, 04/07/2011 - 12:35 | Link to Comment sun tzu
sun tzu's picture

I don't know of anyone cheering on this new war except for the government and lame stream media. The the Sec of Defense is against it.

Thu, 04/07/2011 - 09:45 | Link to Comment falak pema
falak pema's picture

He wants the Benghazi crew to stop exporting their piece of oil cake...As he is much richer...he can afford to wait and BUY time with his mercenary army...The NATO crap artists, as usual, are bombing friendly troops, as in Iraq & Afghanistan!...they've killed 5 men from rebel side...how's that for coordinated cooperation!

I see Q-daffy sniffing at Benghazi before the WE unless the NAto moves its ass efficiently...Which is a BIG IF!!!

Thu, 04/07/2011 - 09:51 | Link to Comment SheepDog-One
SheepDog-One's picture

Hes had 25 years to prepare, he probably has everything rigged to blow.

Thu, 04/07/2011 - 09:54 | Link to Comment the not so migh...
the not so mighty maximiza's picture

I am sure they are french explosives.

Thu, 04/07/2011 - 10:14 | Link to Comment j0nx
j0nx's picture

They all look the same from the air. Bombs away bitches!

Thu, 04/07/2011 - 12:41 | Link to Comment sun tzu
sun tzu's picture

Boots on the ground boots on the ground. Lookin like a fool with your boots on the ground.

 

Yay more Western invasion of Arab/Muslim countries is exactly what we need. 

Thu, 04/07/2011 - 09:47 | Link to Comment youngman
youngman's picture

I do not think we..the USA..nor NATO....nor France, Germany, Italy...know what the hell we are doing and why we are doing it....who are we defending???  This is one of the strangest conflicts that we are involved in that I can remember.....something going on here in the back rooms....at least I hope there is something..otherwise we really look stupid to the rest of the world...

Thu, 04/07/2011 - 09:52 | Link to Comment sabra1
sabra1's picture

according to Lindsey Williams, Hillary CLITon was meeting secretly with the muslim brotherhood to rule each country after the present leaders are disposed. saudi arabia will be last, which will result in the oil price reaching its ultimate goal!

Thu, 04/07/2011 - 10:15 | Link to Comment EscapeKey
EscapeKey's picture

A friend and I played buzzword bingo yesterday during the LW segment:

His words: I'm pleading with you - YESMr X - YESWrite these words down - NOVoices of the Elite - NOBombshell - NOWon't be able to afford food - YESNew DVD (which costs like $100!) - NO

My words: The Elite - YESNorth Slope - NOBakken - NOken fromm - YESgold - YESgull island - YES

According to his records, I won 4-3! :)

Thu, 04/07/2011 - 09:54 | Link to Comment Haywood Jablowme
Haywood Jablowme's picture

We're there for the same reason we're in Iraq and Afghanistan - the resources.  Hello?  McFly?  Is anybody home?

 

Thu, 04/07/2011 - 09:59 | Link to Comment youngman
youngman's picture

Sorry Haywood....but what does Afghanistan have that either of us would want.....they have nothing..absolutly nothing...except target practice....and a great testing ground...

Thu, 04/07/2011 - 10:07 | Link to Comment Haywood Jablowme
Haywood Jablowme's picture

you really have no clue do you?  "Google".....as much as I hate the company, it can be your best friend at times.

 

Thu, 04/07/2011 - 10:04 | Link to Comment SilverBaron
SilverBaron's picture

You overlooked the fact that their opium fields provide us with black ops money.

Thu, 04/07/2011 - 10:11 | Link to Comment Haywood Jablowme
Haywood Jablowme's picture

and who fuckin' needs a bunch of worthless rocks?  LMFAO

http://www.nytimes.com/2010/06/14/world/asia/14minerals.html?_r=1&src=twt&twt=nytimes

yes, what interesting things you find within the matrix...

*pre-thanks for the junk....oops, I mean "love".  namaste LOL

 

Thu, 04/07/2011 - 10:13 | Link to Comment Flakmeister
Flakmeister's picture

For shits and giggles, take a look at pipeline routes to China and India from the Caspian and Iran...

Thu, 04/07/2011 - 10:28 | Link to Comment serotonindumptruck
serotonindumptruck's picture

That's why Syria is next. Those pipelines run all the way to Ceylon, correct?

Oops! What's this? Russia is giving Syria the Yokhont/Moskit missile system?

http://en.rian.ru/world/20110404/163366598.html

Thu, 04/07/2011 - 10:49 | Link to Comment Flakmeister
Flakmeister's picture

Quibble: me thinks you meant Ceyhan

No I am refering to pipelines that could flow to the East...

Thu, 04/07/2011 - 11:49 | Link to Comment serotonindumptruck
serotonindumptruck's picture

Thanks for the correction. I can recall some of the conspiracy theories at the beginning of the Afghan conflict. Something about controlling the Caspian Sea oil fields. Russia and China no doubt have a problem with that plan. Alas, if the West can't control the region's oil production, there's still a huge profit to be had with the opium trade.

Thu, 04/07/2011 - 11:55 | Link to Comment Flakmeister
Flakmeister's picture

There was a bit of a glitch in the master plan... Check out the map in

http://www.atimes.com/atimes/Central_Asia/KL24Ag07.html 

or, more directly

http://www.atimes.com/atimes/Central_Asia/images/turkmenchinagas2.gif

The Chinese did an end-round and they look to have suceeded. This will likely leave the Americans holding a half empty bag in the "Graveyard of Empires"

Controlling energy flows for the US is equivalent to insisting the products be priced in USD....

Thu, 04/07/2011 - 11:21 | Link to Comment trav7777
trav7777's picture

yes; they totally outmaneuvered Nabucco/EU.

The Georgia war was because the only route out of the caspian that does not go through Russia or Iran is....Georgia.

Things are easy to figure out if you look at a map

Thu, 04/07/2011 - 11:33 | Link to Comment Flakmeister
Flakmeister's picture

Isn't it remarkable that simply by looking at a topographic map with oil/gas fields and pipelines superimposed that the world's geopolitics is laid out naked before you....

Thu, 04/07/2011 - 10:29 | Link to Comment SheepDog-One
SheepDog-One's picture

What does Afghanistan have? LOL youre kidding? $500 billion opium cash crop per year! Wake up!

Thu, 04/07/2011 - 10:15 | Link to Comment Abitdodgie
Abitdodgie's picture

The main reason we went into Iraq and Libya was to set up a new central bank and issue money at interest , which we have now done in both countries , the oil was just a bonus

Thu, 04/07/2011 - 11:08 | Link to Comment VisualCSharp
VisualCSharp's picture

There must be more to it than that. The ends you mention aren't compelling in isolation.

Thu, 04/07/2011 - 10:12 | Link to Comment chumbawamba
chumbawamba's picture

I'm glad that you're finally awaking from your previous unreality.  You have a lot of catching up to do.

I am Chumbawamba.

Thu, 04/07/2011 - 10:32 | Link to Comment Haywood Jablowme
Haywood Jablowme's picture

but first he must learn to wax on and wax off....

--> Mr. Miyagi

 

Thu, 04/07/2011 - 09:48 | Link to Comment sabra1
sabra1's picture

to bad Daffy wasn't the US president. at least he he affects change you can beleive in, and, he does not use a teleprompter!

Thu, 04/07/2011 - 10:37 | Link to Comment serotonindumptruck
serotonindumptruck's picture

Gaddafi would make a fine POTUS, provided he has frequent access to his favorite huka, plenty of hashish, and his own private mistress...er...nurse, I mean.

Thu, 04/07/2011 - 09:50 | Link to Comment John McCloy
John McCloy's picture

At this point I think he knows that they will stop at nothing to remove him so perhaps this will give arming the rebels by the U.S. pause. If they were so concerned about oil prices they have just not meddled. This assures an invasi..eh liberation i mean but likely not U.S. troops.

Thu, 04/07/2011 - 09:51 | Link to Comment vote_libertaria...
vote_libertarian_party's picture

Well that explains why stocks are higher here in Bizarro World...

Thu, 04/07/2011 - 09:51 | Link to Comment SheepDog-One
SheepDog-One's picture

Stocks are higher? Not on my screen theyre not, but gold is up $8 and oil up.

Thu, 04/07/2011 - 09:51 | Link to Comment dogismyth
dogismyth's picture

What is with the campaign of bomb bomb bomb.  There were zero diplomatic efforts to restrain Gaddafi or appease him.  The solution is always a "shock and awe" campaign that leads to death and destruction.  Fuck this puppet US government.  I hope they impeach Obama's ass.  He's just as bad as Bernanke when it comes to price inflation in commodities.  The whole world is run by madmen.  Stop paying your taxes immediately.  You are contributing to this effort of death and destruction.  Wake up America!

Thu, 04/07/2011 - 10:21 | Link to Comment Haywood Jablowme
Haywood Jablowme's picture

Stop paying your taxes immediately.

Glad someone else is catching along.  At one point in America's history, yes it made sense to pay taxes.  Today, that shit's for the sheep.  Baaaaaaa...

Celente has the tax revolt call right.  Just a matter of time.  I give it another year...

Thu, 04/07/2011 - 10:38 | Link to Comment SheepDog-One
SheepDog-One's picture

Lots of people say it, I want Celente to take up the lead, millions would join in not paying taxes. Its got to be huge numbers of people doing it otherswise they just come and break your skull!

Thu, 04/07/2011 - 10:48 | Link to Comment Haywood Jablowme
Haywood Jablowme's picture

I'm not just saying it, but then again it makes a world of a difference if you have part of your income flow in cash without having to sell dime sacks on the corner...

 

Thu, 04/07/2011 - 13:06 | Link to Comment chumbawamba
chumbawamba's picture

I expect some Failure to File charges to come down at some point in the not terribly distant future.  Didn't file for '08, didn't even bother with an extension for '09, and this year I don't even feel any pang of foreboding now that the 15th of April is rolling around.  Just another day.

The sun is shining; my weed is budding; my gold is accumulating and my silver is appreciating.  My powder is dry; my barrels are oiled; my family is fed and healthy.

What are you losers doing?

I am Chumbawamba.

Thu, 04/07/2011 - 12:45 | Link to Comment sun tzu
sun tzu's picture

How can you tax revolt when it's taken out of your paycheck?

Thu, 04/07/2011 - 13:07 | Link to Comment chumbawamba
chumbawamba's picture

That's called a slave revolt.  Only people who work for themselves have tax revolts.

I am Chumbawamba.

Thu, 04/07/2011 - 09:53 | Link to Comment SheepDog-One
SheepDog-One's picture

See all the hooplah about diplomatic talks and all that were nothing but pure BS. Now the people with the biggest 'NO WAR' mouths are in, and are the biggest WAR MONGERS of them all!!

Thu, 04/07/2011 - 10:20 | Link to Comment Abitdodgie
Abitdodgie's picture

Only stupid people pay taxes , after all they are voluntary . If anyone on ZH has not figured that out you might want to try Marketwatch

Thu, 04/07/2011 - 09:52 | Link to Comment the not so migh...
the not so mighty maximiza's picture

nights lit up with buring oil fields,,, epic

Thu, 04/07/2011 - 09:53 | Link to Comment NOTW777
NOTW777's picture

so does this mean his letter to his "son" obama didnt work

Thu, 04/07/2011 - 09:52 | Link to Comment Drag Racer
Drag Racer's picture

Libya blames Britain for the oil field attack

http://www.guardian.co.uk/world/2011/apr/07/british-bomb-libya-oilfield

Thu, 04/07/2011 - 09:58 | Link to Comment dogismyth
dogismyth's picture

of course they did!!  Its a false flag within a false flag within a false flag.  Good luck figuring out the truth.  Its another Fukushima where information is twisted into confusion.

Thu, 04/07/2011 - 10:00 | Link to Comment gordengeko
gordengeko's picture

He did it!  No, he did it!  I didn't do it.  You did it.  No I didn't.

Thu, 04/07/2011 - 10:09 | Link to Comment silvertrain
silvertrain's picture

They should send the sec to investigate the who done it, that should buy several years for em...

Thu, 04/07/2011 - 10:23 | Link to Comment Abitdodgie
Abitdodgie's picture

+1

Thu, 04/07/2011 - 10:04 | Link to Comment IEVI
IEVI's picture

I wouldn't be surprised if they were.. the rebel forces are saying NATO forces are mistakenly bombing them...what a fucking mess

 

http://english.aljazeera.net/news/africa/2011/04/20114711651619495.html

Thu, 04/07/2011 - 10:10 | Link to Comment silvertrain
silvertrain's picture

Sounds like need shirts and skins for this pick up game..

Thu, 04/07/2011 - 10:47 | Link to Comment i-dog
i-dog's picture

See ... that's why the CIA organises "colour" revolutions -- so that the snipers and drones know which civilians not to attack when stirring up the natives. Sarkozy was so keen to get to the front of the oil queue on this one that they have gone off half-cocked. (He obviously didn't get the memo in time ... or skipped the planning meeting to give another press conference).

Thu, 04/07/2011 - 11:49 | Link to Comment NotApplicable
NotApplicable's picture

Interesting idea there.

Thu, 04/07/2011 - 09:54 | Link to Comment Cdad
Cdad's picture

Does anyone else experience a sense of embarrassment as this market rises into what is clearly bad news and impossible to manage risk...with the criminal syndicate known as Wall Street saying things like "better than expected" and "historically cheap valuations"?  It is beyond embarrassing now how our market is entirely fraudulent.

Seriously, this can mean only one thing.  This is the last rally.

Thu, 04/07/2011 - 09:55 | Link to Comment the not so migh...
the not so mighty maximiza's picture

Its a fully commanded and controlled system.  You play or you don't.    There are no reflections of reality in market dynamics.

Thu, 04/07/2011 - 10:02 | Link to Comment youngman
youngman's picture

and with ZERO volumes...just the computers playing....no one else is in the house I think.....the smoke is fading and all that is left are the mirrors...

Thu, 04/07/2011 - 10:32 | Link to Comment SheepDog-One
SheepDog-One's picture

And if youre playing, youre assuming youre quicker than the guys all on speed dial who are controlling it, or assuming theyll telegraph when the pump ends.

Thu, 04/07/2011 - 09:59 | Link to Comment Haywood Jablowme
Haywood Jablowme's picture

Like Mr. Sinclair has pointed out many times before, "...last trip to the well..."

 

Thu, 04/07/2011 - 09:53 | Link to Comment Fantasy Planet
Fantasy Planet's picture

Pay no attention to the man behind the tent. 

Thu, 04/07/2011 - 09:59 | Link to Comment PulauHantu29
PulauHantu29's picture

How do we know it is Gadaffi? Could be the CIA.....Al queda Rebels....BP hit men ....or even Sarkozy trying his hardest to win the next Peace Prize?

Thu, 04/07/2011 - 09:59 | Link to Comment Fix It Again Timmy
Fix It Again Timmy's picture

What the hell?  Does NATO think they're playing with kids?

Thu, 04/07/2011 - 10:01 | Link to Comment LeBalance
LeBalance's picture

Do the DU?

Thu, 04/07/2011 - 10:05 | Link to Comment Note to self
Note to self's picture

Could the Libyan rebel mercenaries look any more like a gang out of Mad Max?  I like the toyota pick-ups with scrounged Russian rocket launchers tearing off to the front lines.  Must be hilarious when they light those things - likely with wires hooked up to the car battery.  I'd love to see what's left of the truck.

Thu, 04/07/2011 - 10:03 | Link to Comment bigdumbnugly
bigdumbnugly's picture

"We are confident that this escalation will give NATO the caed blanche to commence a land-based campaign..."

 

pretty hard to commence a land-based campaign without putting those boots on the ground we said we weren't going to do.

maybe we'll be going barefoot?

Thu, 04/07/2011 - 10:51 | Link to Comment SilverBaron
SilverBaron's picture

Apparently you haven't figured out that you should expect the opposite of what Obama says. 

Thu, 04/07/2011 - 10:06 | Link to Comment Holodomor2012
Holodomor2012's picture

Gaddafi you sly dog, trying to get on the martyr list in the 11th hour.  Certainly you realize they are going to cut out your entrails and kill your children. It's what they do with those designated 'Amalek' (see: Uday, Qusay, JFK Jr, Anastasia, etc.).  

Thu, 04/07/2011 - 13:31 | Link to Comment sun tzu
sun tzu's picture

They killed JFK Jr? 

Thu, 04/07/2011 - 13:29 | Link to Comment sun tzu
sun tzu's picture

They killed JFK Jr? 

Thu, 04/07/2011 - 10:08 | Link to Comment Jim in MN
Jim in MN's picture

Wholesale gasoline up to $3.18/gallon from $3.00 days ago

Gold over $1460

'Safe' levels of radiation in milk

Housing maybe-maybe not collapsing, again

Kabuki from millionaire suits in marble halls

Pom-poms, whores and flayed open bodies in extreme closeup (your choice) on TV

You can go anywhere in this town and just feel the tension at extremely high levels. 

Thu, 04/07/2011 - 10:09 | Link to Comment Goofy Bastard
Goofy Bastard's picture

Anyone?   Anyone?  Fine....

This must certainly be bullish for stocks

Thu, 04/07/2011 - 10:20 | Link to Comment Drag Racer
Drag Racer's picture

Interesting, the rebels make a possible 100+ mil on the deal and Europe doesn't get he oil???

"Liberian-flagged tanker that can transport up to 1 million barrels of oil, left the eastern port of Tobruk late Wednesday en route to Singapore"

http://customwire.ap.org/dynamic/stories/M/ML_LIBYA_OIL?SITE=NDBIS&SECTI...

Thu, 04/07/2011 - 10:34 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Gadaffi could go public and really mess up Obama with an offer to leave the country and go into exile, but only if PetroChina comes in and takes over all oil production.

Watch NATO find a reason to refuse, after the phone calls from Eni, Total and BP hit their respective members of parliament.

 

BTW, I see 122 and just this moment, 109, on the oil numbers.  Trick or Treat.

Thu, 04/07/2011 - 14:58 | Link to Comment Serenity Now
Serenity Now's picture

That seems to be what Saudi Arabia is doing (going to China).  It only seems as if the US and the ME have each other over a barrel (of oil). 

Thu, 04/07/2011 - 10:35 | Link to Comment Black Hand
Black Hand's picture

With each successive attack on foreign soil the need for Americans to justify their aggression lessens.  NATO bombing of Yugoslavia came only after years of demonization of Yugoslavs and Serbians and the manufacture of “crimes against humanity” reported endlessly on the Empire’s TV stations.  The invasion and occupation of Iraq was justified after years of reports about Iraq’s non-existent “weapons of mass destruction.”  The invasion of Afghanistan was justified by one major stage-managed event.  And now the imminent invasion of Libya is justified by a few days of protest by a couple of thousand Libyan radicals and CIA assets.  Pretty soon Americans will invade anyone for no stated reason and at a moments notice.  America is clearly the biggest threat to world peace, individual liberty and human dignity.

Thu, 04/07/2011 - 11:50 | Link to Comment Byronio
Byronio's picture

Recall the propaganda before Congress about Iraqi soldiers ripping Kuwaiti babies out of incubators and then hauling the machines back to Iraq as the children died. Or way back to WW1, the propaganda about German solidiers tossing Belgian babies into the air and spearing them with bayonets. Hey the suckers fell for it then and they fall for it now.

Thu, 04/07/2011 - 13:51 | Link to Comment sun tzu
sun tzu's picture

I believe it was the French and British behind this Libya mess. Do you really think Obama was leading the charge? 

 

BTW - There has never been world peace nor liberty. Not before America and there won't be after America crumbles. Idiots like you think the world would be a utopia of freedom, peace, and prosperity without America? The history of the world has been of tyrants and wars.

Thu, 04/07/2011 - 10:40 | Link to Comment roymunnson
roymunnson's picture

Wow the oil infrastructure is being bombed!!! nobody saw this coming. nobody.

Thu, 04/07/2011 - 10:39 | Link to Comment Eureka Springs
Eureka Springs's picture

I give this report a generous possibility 50/50 of being correct. It's just as, if not more likely we or one of our allies started this fire.

Thu, 04/07/2011 - 10:47 | Link to Comment toros
toros's picture

Adds new meaning to "black swan".

Thu, 04/07/2011 - 10:52 | Link to Comment FlashCrash
FlashCrash's picture

What can I say......Gaddafi made my day...

Thu, 04/07/2011 - 11:24 | Link to Comment trav7777
trav7777's picture

attacking his oil infrastructure???  Why, that's basically an attack against the West, isn't it?

Thu, 04/07/2011 - 11:42 | Link to Comment 99er
Thu, 04/07/2011 - 11:45 | Link to Comment gkm
gkm's picture

This is hardly a scorched earth policy.  It's a strategic decision to keep resources from his enemies.  I suppose the net result is the same but the rhetoric is getting a little old.

Thu, 04/07/2011 - 11:47 | Link to Comment Byronio
Byronio's picture

This whole attack on Libya was just a war nothing less. The American people don't care, don't really care all they care about is their god, $.

That and American Idol and Dancing with the Stars.

The so-called elite are just cutting their own throats, although they think otherwise.

Something about another big earthquake in Japan, all radiation levels are perfectly safe says both US and Japanese governments.

Thu, 04/07/2011 - 12:57 | Link to Comment ivars
ivars's picture

Now it should be brough to an end quickly:

http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&start=0#p30486

From the chart, mere few weeks of conflict in Libya left. Then, later, some other supply interruption will ocur, more serious one.

 

Thu, 04/07/2011 - 13:48 | Link to Comment gwar5
gwar5's picture

If he's bombing his own oilfields, then it means he's not planning on coming back. He's doing it as a negotiation tactic for the conditions of change/reform/removal. The Europeans will cave. There is no political cohesion or will to finish him off militarily. 

Thu, 04/07/2011 - 14:56 | Link to Comment suckerfishzilla
suckerfishzilla's picture

All I know is them oil fields rightfully belong to Nelson Bunker Hunt.  Qadafi stole them oil fields back in the 60's.  First Qadafi f*cks over the Hunt Brothers then JP Morgan.  The funny part about this right now for me is that in spite of the fact that I don't give a rat's ass about it either way I just got into a fight over Libya with my girlfriend.  Looks like I ain't gettin any tonight. 

Thu, 04/07/2011 - 15:13 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

i'm laughing!  not one zero has questioned the "official" story that the moQ lit up the oil fields, apparently to insure a ground invsion, no less!

the europeans?  they're not goin into no. africa this time of year!  well, we'll get quatar & the UAE to help support the "muslim brotherhood" rebels!  after all, we have a no fly zone!  the french leadership speaks and the brits, too.  we have a "model" for how to do this, now.

the oilfields are "unsafe". 

the westerners are, now, "preparing" for the use of ground forces.  bring in military specialists to transform the "ragtag" opposition to moQ into WINNERS!!!

i have no idea what is real, here, but this is hilarious!  i am still left with the same question:  why on earth wasn't sarkozy just told to shut the fuk up when he started this rant?

Thu, 04/07/2011 - 16:37 | Link to Comment avonaltendorf
avonaltendorf's picture

Sorry I'm late to the party on this one. Libya export of ~1 million b/d matters to Italy and Germany, not US or UK. Blowing up oilfields and production facilities is a minor inconvenience. Put out the fires, fix the separators and compressors -- presto, back in business. It is impossible to damage a reservoir 15,000 ft underground unless you let it "sand up" with crummy completions, which Libyan NOC is famous for and which necessitated bringing in Conoco to redrill the Sahir.

When the dust settles, Quaddafi or not, Western oil companies Eni, Wintershall, Repsol will be invited back to patch things up.

Fri, 04/08/2011 - 23:04 | Link to Comment tomster0126
tomster0126's picture

This dude is a complete psycho!  When are we going to take him out?  As if we need any more distractions, this business in Libya is such a bother.  Let's swoop their oil and be done with it.

 

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