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Plumes Of Black Smoke Rising From Area Around Es Sider Oil Terminal

Tyler Durden's picture




 

Update: Rebel witnesses say storage tanks in east Libya terminal of Es Sider hit an exchange of fire between Gaddafi forces and rebels . Reuters reports that three plumes of black smoke are rising from the area around As Sider oil terminal.  This is in addition to Al Jazeera video coverage of comparable activity at Ras Lanuf. Whether this indicates that Operation Apres Moi Le Deluge by Gaddafi has commenced is unclear for now.

More from Reuters:

Forces loyal to Muammar Gaddafi hit storage tanks in the oil terminal of Es Sider in east Libya on Wednesday during a heavy bombardment of rebels in the area, rebel fighters said.

Big, black plumes of smoke rose above the terminal. It was not immediately possible to independently confirm the report that the storage tanks were hit or to ascertain if the cause was the bombardment by Gaddafi's forces or a stray rebel rocket. "We were standing over there in the direction of Es Sider. It was a fierce, random bombardment on us and then it hit the storage tanks," rebel figther Abdel Salam Mohamed told Reuters.

Below is a quick summary of all the latest battles and key developments in Libya via Reuters:

OIL TOWN BATTLES

* Both the Gaddafi
side and rebels have said publicly they will not seek to destroy oil
infrastructure, but the risk of long-term damage is rising.

*
Gaddafi loyalists closed in on rebels in the western oil terminal of
Zawiyah on Wednesday, surrounding them with tanks and snipers in the
main square. The major Zawiyah refinery, one of the biggest in Libya,
shut down as a result.

* Warplanes bombed rebel positions around
the oil port of Ras Lanuf in the east, with rebels in 4x4 trucks
mounted with weapons engaging the army in strike and counter-strike.

* Rebels told Reuters on Tuesday they were in control of the front line
port town of Es Sider, although it was not possible to independently
confirm their presence there.

* The oil terminal and export hub of Brega, 800 km (500 miles) east of Tripoli has seen fighting and is in rebel hands.

OILFIELDS

* Most of Libya's oilfields are located around the Sirte Basin, which
contains around 80 percent of its proven reserves, and is emerging as a
front line between rebels and loyalists.

* The Hamada oilfield
ceased production and the eastern fields of Sarir, Nafoora and Misla are
producing at about half of their normal capacity, an official at
state-owned oil company Agoco said last week.

* The Waha Oil
Company, which operates the Waha, Dahra, Samah and Gialo fields, said on
Tuesday its output had dropped to less than a third its normal level.

* It is unclear how much oil is being produced in the isolated Murzuq
oilfield in the southern desert. Other key oil-producing areas include
the Ghadames Basin and Cyrenaica Basin.

 

 

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Wed, 03/09/2011 - 09:05 | 1032502 Oh regional Indian
Oh regional Indian's picture

Libya is the Tipping point.

Draw a line in the sand.

it becomes really obvious.

The map and the plan...

http://aadivaahan.wordpress.com/2011/03/09/axis-of-evil-doing/

ORI

Wed, 03/09/2011 - 09:08 | 1032505 Quintus
Quintus's picture

Missed Greece by a mile.  Portugal too, although that hasn't blown up quite yet.

Wed, 03/09/2011 - 09:14 | 1032523 Oh regional Indian
Oh regional Indian's picture

Exactly Quintus,

Those are side-lights. All the major events will happen in close proximity or on this Axis.

see Zimbabwe, iceland, Ireland, Tunisia, Libya, Spain...

And Tunisia was the spark but libya is the tipping point.

ORI

Wed, 03/09/2011 - 09:26 | 1032560 Careless Whisper
Careless Whisper's picture

who are these "rebels"? who is funding them?

 

Wed, 03/09/2011 - 12:46 | 1033265 Ahmeexnal
Ahmeexnal's picture

ORI, Namibia is about to blow up.

A hundred years of slavery by the nazi murderers will come to an end.

At the beginning of the 20th century, Germany carried out mass extermination of the Namibian people.  They took away their land too.

Today, those nazis ranchers still deny the genocide (sound familiar?).

They are about to face infinite justice.

http://www.ppu.org.uk/genocide/g_namibia.html

Wed, 03/09/2011 - 09:24 | 1032556 falak pema
falak pema's picture

so Sauron now on the march....

Wed, 03/09/2011 - 09:28 | 1032563 EscapeKey
EscapeKey's picture

You make a lot of good points, but with this one I disagree.

The world map, as it appears to our leaders, is distorted by GDP figures and oil production. So, for instance, Mali, which is neither an economic power nor oil producer is essentially just a pixel on the map. Saudi Arabia, however, covers a significant part.

And the only reason Portugal and Greece even appear is because they could theoretically drag down the great socialist experiment that is the Euro.

Wed, 03/09/2011 - 09:52 | 1032617 Oh regional Indian
Oh regional Indian's picture

Escape, see my response below. It's really just there...all the flashpoints.

ORI

Wed, 03/09/2011 - 09:29 | 1032566 Aghast in Midlothian
Aghast in Midlothian's picture

What's the rationale for this 'line'...and who would be behind it?

Wed, 03/09/2011 - 09:50 | 1032615 Oh regional Indian
Oh regional Indian's picture

Aghast, I updated the post with this:


So, a few quick pointers, as to why I think this tells a story.

1) This round of crisis began with the slow and ultimately furious hyperinflation and beggaring of Zimbabwe, a Black Nation. Poor Blacks

2) Then came Iceland, the whitest of the white. “let down” by their bretheren, Iceland blew up next. Poor Whites

3) Next big one was Ireland, another boomer that has busted, badly. Lot’s of political turmoil too and the constant potential for civil unrest

4) Tunisia, the  man on fire that lit a region on fire. That is how it began, Man on Fire.

5) The fire spread, quickly, first to peripheral nations (to this Axis)

6) Tunisia, Libya and Egypt share a Horizontal 33rd parallel connection. To understand more about how the 33rd: http://en.wikipedia.org/wiki/33rd_parallel_north

7) The spark really settled in Libya, directly linked to Italy and the Vatican (joined at the hip)

 Spain is the euro bomb that will destroy the Euro. Most other nations have either Political clout or gold. Spain has sold it’s gold and is a EU stepchild right now. Portugal will be badly impacted, but other Med nations are in the periphery (for now).

9) See France and the UK, the ones doing all the no-fly zone demanding. Old North Africa death merchants. Right on the Axis.

 

This is a developing thesis, with the 33rd parallel marking the the cross-axis.

See http://en.wikipedia.org/wiki/33rd_parallel_north

… the 33rd parallel is a ring of fire…. always has been, since antiquity.

Much more as I work through.

Any inputs, feedback, all welcome.

ORI

Wed, 03/09/2011 - 10:07 | 1032653 CrazyCooter
CrazyCooter's picture

It crosses Texas!!!

I still got family there!

Cooter

Wed, 03/09/2011 - 10:20 | 1032700 Dapper Dan
Dapper Dan's picture
33rd Degree Mason Gaddafi and his vow: Will fight to ‘last drop of blood’

What is the secret of a 33rd Degree Mason?

This is a pointless question because no answer can be posted here. If you want to know something that only 33rd Degree Masons know, and you are not a 33rd degree Mason yourself, then the moment you learn it, it is no longer something that only 33rd degree Masons know.

Wed, 03/09/2011 - 10:25 | 1032728 EscapeKey
EscapeKey's picture

"Good and Evil are both flip sides of the same coin."

Wed, 03/09/2011 - 11:13 | 1032935 ZakuKommander
ZakuKommander's picture

Thank you, Harvey Dent.

Wed, 03/09/2011 - 14:42 | 1033642 DumPhuck
DumPhuck's picture

Wow! Great observation. It also crosses AZ, where I am located. Hmmmm....

Wed, 03/09/2011 - 09:07 | 1032504 the not so migh...
the not so mighty maximiza's picture

DONT PANIC!!!...The Saudi's can cover the lost production, hey they even said so, why would they lie?

--sarcasim off__ ;-)~

Wed, 03/09/2011 - 09:08 | 1032507 HoofHearted
HoofHearted's picture

I believe that Gadaffi is simply nucking futs.

Wed, 03/09/2011 - 09:32 | 1032576 Flakmeister
Flakmeister's picture

I hear he is into Brazilians....

Wed, 03/09/2011 - 10:08 | 1032659 CrazyCooter
CrazyCooter's picture

Its like ... Charlie Sheen ... with a whole countries GDP to spend for 40 years!

Cooter

Wed, 03/09/2011 - 09:14 | 1032522 DavidC
DavidC's picture

Now, let's see - on 9th March 2009 the stock markets turned on a sixpence - it would be interesting, if this story is true, to see the stock markets turn on a sixpence on the second anniversary...except the other way!

DavidC

Wed, 03/09/2011 - 09:16 | 1032525 sulfur
sulfur's picture

obama is gonna be ww3`s hitler... finally a world war not orchestrated through germany

Wed, 03/09/2011 - 09:20 | 1032540 Oh regional Indian
Oh regional Indian's picture

Ah sulphur, but it is.

Who after all formed the basis for the CIA? Operation Paperclip? Banking....who were the various nice folks who gave us the FED?

Hmmmmm.....

Also read that it was debated at some point in congress if German should be the US national language.

ORI

Wed, 03/09/2011 - 10:25 | 1032727 Dr. Richard Head
Dr. Richard Head's picture

For once I agree with you ORI.  Germany has financed much of Gaddafi's armament since 2002 or 2004.  http://www.zerohedge.com/sites/default/files/images/user5/imageroot/von%20havenstein/Arms%20Sales%20to%20Libya.jpg

While Germany is not the primary supplier, they are a well-entrenched part of the ponzi scheme money laundering operation used to support the global police state. 

Wed, 03/09/2011 - 11:28 | 1032990 sulfur
sulfur's picture

funny didnt know the language thing :)

well yes there are some german oligarchs at workbbut what i meant is that germany wont be the country to start the war these time...anyhow these are all just labels forstuff that doesnt really exist

Wed, 03/09/2011 - 09:23 | 1032546 EscapeKey
EscapeKey's picture

Please tell me what the difference between Bush and Obama is again, except for the rhetoric?

Obama's a puppet. If McCain had been elected, he'd now be the puppet. The rhetoric would have differed, but the policies remained the same.

For all of Boehner's tough talk on the deficit, the "austerity plan" was a mighty joke.

Wed, 03/09/2011 - 09:33 | 1032578 Thomas
Thomas's picture

They both squander money and drop bombs. The difference is that the republicans like to drop the bombs and the democrats enjoy squandering the money.

Wed, 03/09/2011 - 09:37 | 1032583 EscapeKey
EscapeKey's picture

Hah, that's the best explanation I've yet heard. I might have to *borrow* that.

Wed, 03/09/2011 - 10:17 | 1032694 CrazyCooter
CrazyCooter's picture

I don't recall the name, but that is a paraphrase of a response from an individual with many decades in Washington on the Treasury side I believe. A president asked of him, as an advisor, about republican and democratic spending habits.

I really suck with names and I can't recall enough of the actual response to google it up. Perhaps someone with a better memory than I can cite his name.

Cooter

Wed, 03/09/2011 - 09:46 | 1032608 moriarty
moriarty's picture

Brilliant - my 1st post here. Worth the admission fee on its own

Wed, 03/09/2011 - 09:56 | 1032624 falak pema
falak pema's picture

The one went to Yale the other to Harvard. They learnt the same sanctimonious sentiments but use different words. That's Ivy league education in a nut shell.

Wed, 03/09/2011 - 10:02 | 1032629 Cookie
Cookie's picture

hahaha...will you be my mistress? ;-)

Wed, 03/09/2011 - 10:02 | 1032635 NoClueSneaker
NoClueSneaker's picture

+1

Great ... already krautized :-)

Wed, 03/09/2011 - 10:03 | 1032636 rwe2late
rwe2late's picture

 More precisely,

 The Republicans SAY they don't enjoy squandering money,

and the Democrats SAY they don't like dropping bombs.

 ...

But as you point out, they both bomb and squander,

and both share the spoils from military and financial chicanery.

Wed, 03/09/2011 - 10:08 | 1032654 pazmaker
pazmaker's picture

+1

Wed, 03/09/2011 - 10:14 | 1032680 ZackAttack
ZackAttack's picture

I declare this comment today's Winner of the Internet.

Wed, 03/09/2011 - 09:34 | 1032581 Founders Keeper
Founders Keeper's picture

+1

Wed, 03/09/2011 - 09:18 | 1032534 Spitzer
Spitzer's picture

Somebody needs to pass on some good weapons to these rebels. It would be more entertaining that way.

Wed, 03/09/2011 - 09:32 | 1032574 falak pema
falak pema's picture

Those SAS commando guys were trying to but got caught like your Avatar with their pants down by their ankles. Entertainment has this way of going sour on some...like the film 'the party' of Blake Edwards starring the one and only Peter Sellers.

Wed, 03/09/2011 - 10:19 | 1032698 NoClueSneaker
NoClueSneaker's picture

Robert Fisk already reported 'bout that.

Abdallah was supposed to deliver already, but he has the prioritities, beating his own ppl ... As soon he killed enough of Shiites he'll deliver the stuff to Bengazi ....

Wed, 03/09/2011 - 09:20 | 1032537 Cookie
Cookie's picture

The ZH headline writer deserves an Oscar

Wed, 03/09/2011 - 09:19 | 1032538 max2205
max2205's picture

NATO No FLY and Egyptian ground forces soon

Wed, 03/09/2011 - 09:21 | 1032545 scatterbrains
scatterbrains's picture

who needs to over throw countries anymore when you can just seize key oil terminals, like holding a box cutter to the worlds juggler.. pay us or we blow this biactch up.  Other potential rebels need to watch,learn, perfect their plans.

Wed, 03/09/2011 - 09:22 | 1032547 Twindrives
Twindrives's picture

Ghadaffi is a little quicker on the draw than the lame ass governments of  U.K. and U.S.  

Wed, 03/09/2011 - 09:23 | 1032548 YHC-FTSE
YHC-FTSE's picture

Looks like the other commando team got their job done. Now for the push for No Fly Zones, ground attacks on AAA, troops to protect civillians, etc.....

Wed, 03/09/2011 - 09:39 | 1032590 falak pema
falak pema's picture

So you think El Sider is their Trojan horse to get the US forces to knee jerk into Troy? Could be...slippery, sliding, sleight of hand game...five card stud with Brazilian hermaphrodites riding libyan camels...what a safari this is turning out...including a supernova fireworks...geddacks!

Wed, 03/09/2011 - 09:22 | 1032550 gordengeko
gordengeko's picture

And the S&P futures go higher.

Wed, 03/09/2011 - 09:23 | 1032552 Nout Wellink
Nout Wellink's picture

Some information has been leaked in Germany about the upcoming stress test regarding the EU banking sector. It is even worse than I feared: GDP shrinking by -0.5%, stock market going down by at most 15% and NO, I repeat NO, debt problem or restructuring regarding Portugal, Greece and/or Ireland. Of course not, I would say: a lot of German banks would fail the stress test, if a default would be in the test.

Conclusion: like last year this test seems to be one big joke. But: what's new ;-)

Wed, 03/09/2011 - 10:06 | 1032644 falak pema
falak pema's picture

sounds more like thai body-body massage than stress tests...

Wed, 03/09/2011 - 09:23 | 1032553 Saxxon
Saxxon's picture

Relax, it's just a cooking fire.

Wed, 03/09/2011 - 09:24 | 1032555 creviceCaress
creviceCaress's picture

i hope yer sons -n- daughters didnt do their 'duty' and sign up with selective service.....the question is, when they re-institute the draft,do we send 'em to canada or mexico?  i dont think canada is the answer anymore......maybe this could be the start of a massive emigration influx of illegal Merrycans invading mexico!  ....wouldnt a draft be great.....maybe...just maybe, the u.s. party would begin.

Wed, 03/09/2011 - 09:29 | 1032568 pazmaker
pazmaker's picture

Hey Crevice,

 

Females are not required to register with the selective service.

If their is going to be an organized effort to not register, I would be for not leaving the country in an act of civil disobedience...more pressure on the ponzi if they had to prosecute thousands.....

Wed, 03/09/2011 - 09:45 | 1032604 Henry Chinaski
Henry Chinaski's picture

Looks like the gay dodge option is gonna be off the table.

Wed, 03/09/2011 - 10:26 | 1032740 Dr. Richard Head
Dr. Richard Head's picture

LMAO.  I will be vocally avoiding the draft.  Gitmo here I come.  I can't wait for my indefinite detention. 

Wed, 03/09/2011 - 10:51 | 1032842 Seasmoke
Seasmoke's picture

become a white collar criminal, i think that still gets you a bye

Wed, 03/09/2011 - 11:05 | 1032910 Dr. Richard Head
Dr. Richard Head's picture

IRSavoidance would be another ticket to jail as well.  Easy to do and I assume action would be swift.

Wed, 03/09/2011 - 09:25 | 1032559 Josh Randall
Josh Randall's picture

Libya is da' BOMB, it's blowin' up yo!

Wed, 03/09/2011 - 09:29 | 1032562 Bob
Bob's picture

And we thought Gaddafey had gotten over blowing shit up.  Seems like two airliners loaded with passengers and a crowded night club would have gotten it out of his system back in the day. 

Maybe the oil facilities would be just for good old times sake,  a "forget me not" curtain call?

Wed, 03/09/2011 - 10:16 | 1032565 LongSoupLine
LongSoupLine's picture

CNBC HEADLINES:

"BULL MARKET IS 2 YEARS OLD TODAY!"

and

"TOYOTA LOOKS TO INCREASE PROFITS"

 

Lets go to Phil Lebeau for this huge breaking news!!!

(edit: whoever junked me obviously can't see clear sarchasm)

Wed, 03/09/2011 - 09:33 | 1032571 ivars
ivars's picture

My view, expressed in following simple February 6th DJIA and Oil charts for 2011-2012. USA will have to tighten soon, leading to second recession in q4 2011-q1 2012 and all 2012-2013. Except, oil will not go down, but up, because of continuing supply disruptions due to widening political instability in all ( except Norway) oil exporter countries. The inflation will be not there, so other commodities may well take a pause. But NOT oil. Recession in the USA starting in q1 2012 (and elsewhere) will only make a small dip in oil prices ( down to 2012 April Brent 135-150 USD/bbl).

http://saposjoint.net/Forum/download/file.php?id=2608

http://saposjoint.net/Forum/download/file.php?id=2609

Just two charts, clear picture. The punctuated supply disruption events multiplies by reduced investment in extraction capacity is responsible for swings in oil price. 

If there is correlation between DJIA change and GDP growth, the coming USA recession in q1 2012 and beyond will be minus 2%-4% quarter on quarter annually.

USD will stay strong, and military protection in general and especially of Oil resources will be bought in the USD. There will be no USD hyperinflation, thanks to Oil prices taking out energy of QE xxx and further fiscal deficits as they will only pay for Oil, not growth.

 

Wed, 03/09/2011 - 09:32 | 1032577 John Law Lives
John Law Lives's picture

It is all priced in.  The stock market should only go up from here.  Even if Gaddafi does destroy oil facilities, the Saudis have unlimited reserves and pumping capacity... so it is all good.  Heck, this is bullish.  Buy, buy, buy.

Pump the markets!

Wed, 03/09/2011 - 09:37 | 1032586 bunkermeatheadp...
bunkermeatheadprogeny's picture

Mayonaise is made from vegatable oil and eggs.

Mailase is made from mid-East oil and egg-heads.

Wed, 03/09/2011 - 09:43 | 1032597 johnQpublic
johnQpublic's picture

bernaise sauce is made from....

 

malaise and bernanke?

Wed, 03/09/2011 - 09:43 | 1032598 falak pema
falak pema's picture

I'll have a lump of the first on toasted seconds.

Wed, 03/09/2011 - 09:42 | 1032596 Henry Chinaski
Henry Chinaski's picture

If a broken window generates positive economic outcomes, then blowing up refineries is a good thing. Right?

http://mises.org/daily/2868

Wed, 03/09/2011 - 09:50 | 1032612 Founders Keeper
Founders Keeper's picture

No one can know the future.

But, my gut is telling me that we are days or weeks away from significant market declines. The unstoppable next leg down.

 

Anyone else got a gut feeling?

 

Wed, 03/09/2011 - 09:55 | 1032616 ivars
ivars's picture

Agree 100%. The level I am looking at is 10500 DJIA. Then, a small upswing in June-July 2011 to about 11500 due to temporary stabilization of oil revolutions or even QE3. After that, 7000-7500 by the  end of 2011.

Wed, 03/09/2011 - 10:03 | 1032630 falak pema
falak pema's picture

I'm retaining my urge to irrational exuberance until end 2011...stomach muscles on tight control. No bowel movements until xmas...

Wed, 03/09/2011 - 10:31 | 1032761 Founders Keeper
Founders Keeper's picture

[The level I am looking at is 10500 DJIA. Then, a small upswing in June-July 2011 to about 11500 due to temporary stabilization of oil revolutions or even QE3. After that...]---ivars

Agreed. The next leg down is not straight down. Instead, violent downward steps.

History is rolling over. Expecting sudden deterioration in all areas: markets, fx, economies, oil, geo-political, socio-political, etc.

 

Wed, 03/09/2011 - 09:52 | 1032613 ivars
ivars's picture

Just when the time is to start getting short, people here are getting hysterically nihilistic about events that should tell them endgame has started, also for stock market.

Which is one of signs that its true endgame. It starts when no one even in ZH anymore believes it will.

 

 

 

Wed, 03/09/2011 - 10:01 | 1032632 TradingJoe
TradingJoe's picture

Long Oil & Short the Market! Min 6 - 12 Months out!

Calls on Oil & Puts on Market!

That's All we need to Know!

Wed, 03/09/2011 - 10:12 | 1032669 Atomizer
Atomizer's picture

Don't look this way, look at the pretty smoke.

Libyan Central Bank Chief surfaces

http://www.kuna.net.kw/NewsAgenciesPublicSite/ArticleDetails.aspx?id=2150861&Language=en

Wed, 03/09/2011 - 10:20 | 1032702 buzzsaw99
buzzsaw99's picture

Go Daffy Go!

Duck Rabbit Duck!

Wed, 03/09/2011 - 10:38 | 1032778 johngaltfla
johngaltfla's picture

Just wait until Friday. The oil market will go nuts. Take out Libya, have more riots in Egypt, more protests in Kuwait and toss in a Saudi riot or two and this week should be good for $110 WTI.

Wed, 03/09/2011 - 10:40 | 1032782 Jim in MN
Jim in MN's picture

There is no smoke.  Stop looking at Al Jezeera.

Charge another useless Chinese gimcrack on your card, citizen.

That is all.

--The Global Elite

Wed, 03/09/2011 - 10:54 | 1032858 Tense INDIAN
Tense INDIAN's picture

so OIL will rise and hence stock markets all over go down .....


SnP updates :

 

http://markettechnicals-jonak.blogspot.com/

Wed, 03/09/2011 - 12:42 | 1033252 Let them all fail
Let them all fail's picture

Nice musical reference en francais...

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