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No Fly Zone Succeeds: Libyan Rebels To Sell First Oil Cargo

Tyler Durden's picture




 

And so the real goal of the Libyan "No Fly Zone" succeeds: Reuters reports that the Libyan rebel alliance, which already has its own central bank and supposedly fiat printing machines, is about to sell its first oil cargo in the coming week."The agency said Liberian-registered tanker Equator was due to arrive in
the rebel-held eastern Libyan port of Tobruk on Monday to load a cargo
of Serir/Mesla blend crude oil. The agency quoted Wahid Bougaighis, head of the newly established oil
company, as saying: "They are coming for sure because there was a
contract signed already."" It remains to be seen how K-Daf feels about honoring contracts signed by insurgents. In the meantime, the chocolate lovers lobby is finally stirring about imposing a comparable No Fly Zone in Ivory Coast. You know, for human rights violations.

From Reuters:

Libyan rebels will this week load the first tanker with crude since an uprising against leader Muammar Gaddafi fully suspended exports from the North African country, Platts news agency reported on Monday.

The agency said Liberian-registered tanker Equator was due to arrive in the rebel-held eastern Libyan port of Tobruk on Monday to load a cargo of Serir/Mesla blend crude oil.

The agency quoted Wahid Bougaighis, head of the newly established oil company, as saying: "They are coming for sure because there was a contract signed already."

He gave no other details. Reuters could not reach Bougaighis for comment.

The rebel-led government has said it has concluded a deal with Qatar to market crude oil

The rebel movement has also said it is discussing plans to exempt its oil exports from sanctions and has also raised the issue with a U.N. envoy.

 

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Mon, 04/04/2011 - 08:33 | 1131776 samsara
samsara's picture

Great summation Tyler.

Mon, 04/04/2011 - 11:10 | 1132407 the mad hatter
the mad hatter's picture

NO BLOOD FOR OIL NO BLOOD FOR OIL!

Wait, gas is at 4 dollars a gallon?! Fuck da brown bastards, let's bomb them to oblivion!

Mon, 04/04/2011 - 12:19 | 1132821 i-dog
i-dog's picture

Al-Qaeda Oil ... it's a blast!

Mon, 04/04/2011 - 13:11 | 1133081 covert
covert's picture

interesting...

http://covert2.wordpress.com

 

Mon, 04/04/2011 - 08:33 | 1131777 depression
depression's picture

Oil for Guns Bitchezz !

Mon, 04/04/2011 - 09:16 | 1131934 MarketTruth
MarketTruth's picture

And blood for oil.

Mon, 04/04/2011 - 08:35 | 1131778 Sudden Debt
Sudden Debt's picture

I bet that rebel leader has just ordered his first golden bathtub.

 

Mon, 04/04/2011 - 12:46 | 1132951 Midwest Prepper
Midwest Prepper's picture

Do they take baths???

Mon, 04/04/2011 - 08:34 | 1131779 Robslob
Robslob's picture

I was just wondering where the silver spike came from...I mean really...if you have "oil" why would you need a printing machine?

Mon, 04/04/2011 - 08:37 | 1131781 writingsonthewall
writingsonthewall's picture

Well done TD - saying it how it is.

 

This No fly zone has got NOTHING to do with saving lives - do the Governments think we're all as thick as pig shit?

I actually hope Gaddaffi sinks the bugger - despite all the waste, environmental hazard and the fact that hoping Gaddaffi achieves anything - goes against the grain.

 

No wonder Obama want's to distance himself from this action - I think he's been clever enough to work out 'what comes next' in the world of western hypocriscy.

Mon, 04/04/2011 - 08:54 | 1131825 umop episdn
umop episdn's picture

At present, the oil is 'paper' oil, useful for driving down the price, but less useful for actually putting in a tanker. I also hope that the tanker is a paper tanker, so that it can be sunk with impunity.

I hope someone sinks the latest incarnation of a central bank. We have enough of those already.

Mon, 04/04/2011 - 12:23 | 1132834 i-dog
i-dog's picture

"do the Governments think we're all as thick as pig shit?"

Duuuh ... yes. Do they have any evidence that "we" are not?

Mon, 04/04/2011 - 08:35 | 1131782 Azannoth
Azannoth's picture

Blood Chocolate bitchez!

Mon, 04/04/2011 - 08:41 | 1131792 overmedicatedun...
overmedicatedundersexed's picture

oil for food?? saddam were are you? hope UN gets it's cut of the profits outta Libya..now on to Nigeria.

Mon, 04/04/2011 - 08:44 | 1131802 Hondo
Hondo's picture

This has always been the real goal.....one corrupted government helps another corrupted government.

Mon, 04/04/2011 - 08:46 | 1131803 Oh regional Indian
Oh regional Indian's picture

I think we will see it ship over Gaddafi's dead body.

The "battle for tobruk", in replay is going to go up a few notches.

You can count on it.

ORI

http://aadivaahan.wordpress.com/2011/04/03/re-fine-ment/

Mon, 04/04/2011 - 08:55 | 1131828 BorisTheBlade
BorisTheBlade's picture

I think we will see it ship over Gaddafi's dead body.

They are working on it, a no-fly zone, among many other things, assumes spilling blood of the dictator, otherwise mob won't be satisfied.

Mon, 04/04/2011 - 16:11 | 1134057 Oh regional Indian
Oh regional Indian's picture

Nice Boris, and your Avataar pic is quite appropos too, eh. Is that the Q man himself?

ORI

Mon, 04/04/2011 - 08:51 | 1131814 Flakmeister
Flakmeister's picture

The spice must flow....

Mon, 04/04/2011 - 09:07 | 1131886 Rodent Freikorps
Rodent Freikorps's picture

He who can destroy a thing, controls that thing.

KDaffy lost his chance. He should have taken advantage of the clusterflock to do his thunder run.

Mon, 04/04/2011 - 09:19 | 1131944 nonclaim
nonclaim's picture

In the end he'll look like the good tyrant who loved his people... what have we become?

Mon, 04/04/2011 - 10:43 | 1132298 Flakmeister
Flakmeister's picture

Yes, another great quote from Muad'Dib...

I wonder about who gets to play the Fremen in the ongoing reality show? I suspect it might not be who a lot of people think are the good guys...

Mon, 04/04/2011 - 10:56 | 1132356 Dr. Porkchop
Dr. Porkchop's picture

You do not take from this universe. It grants you what it will.

 

Paul Muad'Dib

Mon, 04/04/2011 - 08:54 | 1131823 AnAnonymous
AnAnonymous's picture

Gaddafi's assets aka Libya other central bank's assets got frozen because they belong to the People of Libya and the libyan people's assets had to be preserved.

Unrepresentative, minority movement setting up a central bank and shipping out national resources, is not robbing from the Libyan people.

By the way, does someone know if a nation can feature two central banks or has the coalition of the willing operated an undercover split of Libya, forming de facto two distinct entities?

Mon, 04/04/2011 - 09:00 | 1131853 Note to self
Note to self's picture

Imagine how many NATO fighters will be swarming around that tanker.  So this is what it has come to - military escorts for oil shipments.

Mon, 04/04/2011 - 21:13 | 1135219 Treeplanter
Treeplanter's picture

Blood for oil used to be a very bad thing.  But in Oceana it's a good thing 'cause Obama knows best.  Shame on Sarah Palin for wanting to drill American oil.  George Soros owns a chunck of Petrobras.  How much did Brother Leader give Petrobras last year?  We should be happy to pay twice for oil from Brasil,  Brother Leader said so during his most excellent vacation.  

Mon, 04/04/2011 - 09:02 | 1131865 samseau
samseau's picture

Nice find.  This is why I read ZH.

Mon, 04/04/2011 - 09:05 | 1131870 knukles
knukles's picture

Fuckin'-A Right!

Now that the oil's flowing again, we can redirect military assets to kill rebels/save innocent people/protect human rights and get MY chocolate from the Ivory Caost....  because MY Human Rights are being violated by the chocolate shortage.

And I can pretty damned bitchy without my chocolate.  Might even take up booze again.  And ya'll do not want that.

Mon, 04/04/2011 - 09:06 | 1131876 Rodent Freikorps
Rodent Freikorps's picture

Why is it more moral to try to kill a dictator, and everyone near him, with a missile, but immoral to just shoot him?

Mon, 04/04/2011 - 09:59 | 1132124 BorisTheBlade
BorisTheBlade's picture

Morality is different for masters and for slaves. Showing humility demonstrates weakness, thus ignoble, thus 'immoral' according to the 'higher' moral values. Shooting dictator definitely shows humility to at least those around him. Nietzshe, Beyond Good and Evil.

Mon, 04/04/2011 - 09:10 | 1131889 SilverRhino
SilverRhino's picture

I'm sure that the oil terminal is in range of a SCUD or two.

Mon, 04/04/2011 - 09:10 | 1131890 SilverRhino
SilverRhino's picture

I'm sure that the oil terminal is in range of a SCUD or two.

Mon, 04/04/2011 - 09:32 | 1132014 Josh Randall
Josh Randall's picture

Welcome to Al Qaeda Oil, how can we help you today ?

Mon, 04/04/2011 - 21:05 | 1135195 Treeplanter
Treeplanter's picture

Could you under cut Chavez Oil, please?  Alhumdililila.

Mon, 04/04/2011 - 09:35 | 1132032 Husk-Erzulie
Husk-Erzulie's picture

K-Daf Bitchez :-)

Mon, 04/04/2011 - 09:38 | 1132043 HedgeFundLIVE
HedgeFundLIVE's picture

extremely bearish for this week. historically, 52 week highs in crude oil and simultaneous strength in equity markets are not a good indicator: http://www.hedgefundlive.com/blog/crude-oil-closes-at-a-new-high-why-this-is-bearish-for-the-equity-markets

Mon, 04/04/2011 - 09:53 | 1132111 LawsofPhysics
LawsofPhysics's picture

Sweet,  of course those rebels won't accept dollars. 

hedge accordingly.

Mon, 04/04/2011 - 10:11 | 1132174 ektor
ektor's picture

Mission accomplished !

All your bases, err oil, are belongs to us

Mon, 04/04/2011 - 10:57 | 1132360 Dr. Porkchop
Dr. Porkchop's picture

I have to wonder in the end if it really matters who sells the oil. It's not as if the people selling it before were the picture of morality.

Mon, 04/04/2011 - 12:10 | 1132779 connda
connda's picture

And the profits from the oil sales goes toooooo......???

Mon, 04/04/2011 - 19:00 | 1134792 PulauHantu29
PulauHantu29's picture

Democracy in action brought to you by Hope 'n Change Himself.

Mon, 04/04/2011 - 21:02 | 1135185 Treeplanter
Treeplanter's picture

I had a hunch IV troubles would hurt the supply of holy chocolate.  Been buying those fat Hageland Belgian chocolate bars, at .43 per oz, by the handfuls at Wal Mart.  Should have been long the beans I guess.  But I am happy to have a stash of physical chocolate.  Bull market.

Sun, 04/10/2011 - 01:00 | 1154472 thames222
thames222's picture

All of your oil belongs to us.  We are going to invade, and take it if we must.  Seriously, Libya should be ours...their oil at least.  What is our strategy for a new empire in Africa?  let's do it.

 

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