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So Much For Libyan Rebel Oil Exports: Gaddafi Forces Destroy Last Fuel Tanks Under Rebel Control; NATO Land Offensive Now Unavoidable

Tyler Durden's picture


And so the badly thought out experiment to supply Libyan rebels with a central bank, to be used to fund an "alternative" fuel industry comes to a prompt and fiery end. Reuters reports that "Libyan government forces destroyed four fuel storage tanks and set several others ablaze in rebel-held Misrata, dealing a blow to the port city's ability to withstand a government siege, rebels said on Saturday." Not surprisingly this fits in perfectly with the assumption first postulated by Zero Hedge that Gaddafi will destroy his entire oil infrastructure before letting it fall into "enemy" hands. This likely marks the end of the Libyan rebellion and will force NATO to launch a land offensive or suffer a crushing blow to its already shaky reputation as globocop, especially now that the US is in theory at least, out of the air campaign against Gaddafi. Which means that the boots on the ground are soon coming. Alas, it will not be the marines in the Kearsarge. As the below naval update map indicates, the Kearsarge has been relieved and now has left the theater of operations, however replaced with LHD 5 Bataan.

More from Reuters:

Misrata, the last remaining city in the west under rebel control, has been under siege for more than two months and has witnessed some of the war's fiercest fighting.

Rebels gave varying accounts of the bombardment but said it hit fuel used for export as well as domestic consumption.

"Four (fuel) tanks were totally destroyed and a huge fire erupted which spread now to the other four. We cannot extinguish it because we do not have the right tools," rebel spokesman Ahmed Hassan told Reuters.

"Now the city will face a major problem. Those were the only sources of fuel for the city. These tanks could have kept the city for three months with enough fuel," he said by telephone.

The video of the burning tanks can be seen below:

And another big black eye for NATO:

NATO coalition aircraft have been bombing Libyan government military targets and enforcing a no-fly zone under a U.N. resolution. Western and Arab countries this week agreed to provide rebels with millions of dollars in non-military aid to help them keep services and the economy running.

Rebels have long been demanding more heavy weapons to take on the Libyan leader's better-armed and trained forces.

The head of the rebel forces in eastern Libya retracted an assertion by a rebel spokesman that Italy had agreed to supply them with weapons to help in their fight to oust Gaddafi.

"We have not received any weapons, not from Italy nor from any other country," Abdel Fattah Younes told al Jazeera television. "Maybe one of the brothers failed to express himself properly ... we apologise to Italy on behalf of the brothers in the National Council."

A spokesman for the rebels' Transitional National Council had told a news conference in Benghazi earlier in the day that weapons would be provided to the insurgents soon.

In Rome, a Foreign Ministry spokesman said no such agreement had been reached.

Italy has backed the rebels, formally recognising the transitional council as the only legitimate representatives of the country, but it is unlikely it would go further than other countries in the anti-Gaddafi coalition.

In the meantime the Libyan civil war continues to get "accidentally" hit Tunisian cities:

The Tunisian town of Dehiba has been hit repeatedly by stray shells in recent weeks, and on Saturday Tunisia condemned the "extremely dangerous" shelling and said it would take all necessary measures to protect its sovereignty.

The Libyan government denied targeting Tunisian soil deliberately.

"We said this (shelling) was an error and we have apologised that this took place and have asked the military forces to ensure this doesn't happen again," Libyan Prime Minister Al-Baghdadi Ali al-Mahmoudi told a news conference in Tripoli.

The battle is over the Dehiba-Wazzin border crossing, whose control gives the rebels a road from the outside world into strongholds in the Western Mountains region. Gaddafi's forces control a far bigger crossing to the north.

And while NATO ponders how to best break to the world that it has failed in Phase 1 of the Libyan offensive, it appears that 1.6 million of barrels of oil will be out of the supply system for a long time. Furthermore, with developments in Syria and Yemen getting worse by the day, we are confident that geopolitical worries will once again trump margin hikes, and crude will promptly return in the triple digits within a week.


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Sat, 05/07/2011 - 21:06 | 1251903 Muir
Muir's picture



"Land Offensive Now Unavoidable"




So this is bullish for silver, I guess.



Sat, 05/07/2011 - 21:09 | 1251915 e_goldstein
e_goldstein's picture

boing, boing, boing, boing...

Sun, 05/08/2011 - 00:16 | 1252324 Ahmeexnal
Ahmeexnal's picture

It's on, here's footage of British elite SAS commandos beach landing in Libya:

Sun, 05/08/2011 - 02:17 | 1252455 Sabibaby
Sabibaby's picture

You couldn't find anything more current than April 2007?

Sat, 05/07/2011 - 21:13 | 1251927 Manthong
Manthong's picture

Well come on all of you big strong men
Uncle Sam needs your help again.
He’s got himself in a terrible jam
Way down yonder in Libya land.

So put down your iPhones
and pick up a gun,
We’re gonna’ have a whole lot of fun.

(apologies to Country Joe)


Sat, 05/07/2011 - 21:48 | 1252027 Long-John-Silver
Long-John-Silver's picture

Everyone is too busy playing Call of Duty.

Sat, 05/07/2011 - 23:00 | 1252172 Michael
Michael's picture

We could always issue gas ration stamps, 10 gallons per week per household,  just like we did during WW2, if fuel supplies become scarce.

Sat, 05/07/2011 - 22:59 | 1252176 contagiousNY
contagiousNY's picture

so its 1 2 3 whatr we fightin for

dont ask me I dont give a D

next stop is Tripoli

Sun, 05/08/2011 - 02:50 | 1252235 Michael
Michael's picture

New Video I uploaded and added my interpretation to, using Led Zeppelin music;

Osama Bin Laden or Not, On to Kashmir 


Sun, 05/08/2011 - 11:30 | 1252874 Green Leader
Green Leader's picture
This video contains content from WMG, who has blocked it in your country on copyright grounds.
Sat, 05/07/2011 - 21:17 | 1251939 AUD
AUD's picture

And oil too, and sugar. The destruction of a significant portion of the sugar cane crop in Queensland recently caused a glut of sugar on the market but now that we haven't heard anything about the Japanese nuclear disaster for a few weeks I'm thinking its bullish for Leo's solar stocks... and Irish government debt.

Sat, 05/07/2011 - 22:06 | 1252057 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

And don't forget what NATOs "Ovaltine Storm" invasion of Ivory Coast did for cocoa prices.


Tuco Benedicto Pacifico Juan Maria Ramirez

Sun, 05/08/2011 - 10:35 | 1252807 aerojet
aerojet's picture

How the hell does destruction of a crop create a glut?

Sun, 05/08/2011 - 11:31 | 1252870 Jalaluddin
Jalaluddin's picture

You are out of touch with the new reality - the neocons create reality:

War is peace.
Famine is plenty.
Cooling is warming.
Less is more.
Black is white.

You should have known "It takes a silver shortage to smack the price down dontcha know it."

These guys at the Ministry really know their stuff - there are some economically theoretically challenged who still believe that scarcity causes prices to rise - but the Ministry economists who control all the knobs and levers can work wonders - they know that prices and economic statistics are mutable. For example here in Bolehland (aka the State of Malaise) where anything (and everything) goes, prices can rise but the CPI doesn't move accordingly.

You probably never mastered Newthink and also suffer from political dyslexia, calling Eric Blair's book "1984" when the title is actually "1948". Quite likely you had a deprived childhood and were not allowed to read Mad Magazine - I'm sure you need help.

Sat, 05/07/2011 - 21:44 | 1252015 Hushups
Hushups's picture

Everything the US does is bullish for silver.

Sun, 05/08/2011 - 11:16 | 1252855 Nate H
Nate H's picture

When silver is at $200/oz, people on this website will wish for the day when it was $35/oz and the social stability, humour, supply chains and vacations that accompanied it...

Sat, 05/07/2011 - 21:55 | 1252036 Twindrives
Twindrives's picture


Sat, 05/07/2011 - 23:44 | 1252264 ISEEIT
ISEEIT's picture

I'm just trying to hit it right on EUR/USD.

Oil up = dollar down right?

Or is it the other way around?

What the fuck ever.

I'm likely long EUR Sunday. To much tempatiation my sweetums. They will want to recoup some losses?

Maybe I will just use what I 'GOT' shorting EUR/CHF last week?

It was nice.

Sun, 05/08/2011 - 00:44 | 1252372 Millivanilli
Millivanilli's picture

Endless war

Endless profits

for who...

Sun, 05/08/2011 - 08:28 | 1252660 Popo
Popo's picture

One should also note:  Libyan oil infrastructure has had a massive amount of Chinese investment over the past 10 years.   This isn't so much a war against Libya as it is a direct assault on Chinese oil expansionism.   China just learned a very large lesson.   And the lesson is this:  You need an extremely strong military to play in the oil space. 

One should *also* note:  China is taking this lesson to heart.

Sun, 05/08/2011 - 09:50 | 1252752 Pants McPants
Pants McPants's picture

One needs an extremely strong military to play in the oil space.....or one waits for the world's "strongest" military to go bankrupt.

It appears China is playing both hands, and well.

Sun, 05/08/2011 - 10:20 | 1252793 swmnguy
swmnguy's picture

.....or one waits for the world's "strongest" military to go bankrupt.

Meanwhile, everytime "the world's 'strongest' military" destroys the infrastructure you just built, you rebuild it, and re-invoice your client.  That, too, is a lesson China has learned well from the US.  Once you've sold what you have to sell, the trick is to get a captive buyer to need to buy it again.  Aerial bombardment doesn't do most of the things its proponents claim, but this need it fulfills very well.

Sun, 05/08/2011 - 17:07 | 1253741 Confuchius
Confuchius's picture

3 Trillion if you count both hands.

Should be an interesting game, eh chaps?

Sun, 05/08/2011 - 19:23 | 1254042 morkov
morkov's picture

didn't China sign an easy-peasy contract with Russia for acquiring "all excessive" capacity of oil and gas? i think Europe is feeling the shortage in supplies already...lesson learned! try to destabilize that!  LOL

Sun, 05/08/2011 - 17:23 | 1253781 Weisbrot
Weisbrot's picture

Sarah Palin is proved correct again.... Drill baby drill....

Sun, 05/08/2011 - 17:55 | 1253839 Flakmeister
Flakmeister's picture

Are you being serious or fatuous? I seriously hope it is the latter.

Sat, 05/07/2011 - 21:05 | 1251912 Atomizer
Atomizer's picture

Give me a Q .. Q

Give me a F.. F

Give me a D.. D

What's that spell?  Quasi Fiscal Deficit….. And the crowd roars.


I'll let you google that tidbit.


CrossTalk on IMF: Destroyer of Nations?


IMF-ing the world


The entire charade comes full circle. You'll understand in time.

Sat, 05/07/2011 - 21:58 | 1252044 Manthong
Manthong's picture

Was that the Woodstock or the Fish cheer version?

We must all be bozo's on this bus.

Sat, 05/07/2011 - 23:30 | 1252243 davepowers
davepowers's picture

don't take off your shoes, jobs in on the way

Sun, 05/08/2011 - 08:24 | 1252659 SecondComing
SecondComing's picture

Whatever you do, take care of your shoes

Sat, 05/07/2011 - 21:06 | 1251914 Ahmeexnal
Ahmeexnal's picture


Sat, 05/07/2011 - 21:07 | 1251916 Hephasteus
Hephasteus's picture

Poor JPMorgan. Everything they short explodes.

Sat, 05/07/2011 - 21:40 | 1252000 BlackholeDivestment
BlackholeDivestment's picture

...I'm still laughing at that one.

Sat, 05/07/2011 - 21:07 | 1251918 CrashisOptimistic
CrashisOptimistic's picture

I am just guessing here that Russia, pumping 10.1 million barrels/day, which nets it about what, $85/barrel after paying Royal Dutch Shell, has no particular reason to want to see an oil price decline.

And so I'm also guessing they will veto any expansion of UN authorization to do anything whatsoever.

By the way, how is that Saudi Arabian replacement crude flow working out?

Sat, 05/07/2011 - 21:13 | 1251926 Tyler Durden
Tyler Durden's picture

Could be wrong on this, but NATO does not need UN authorization (avoids Russia/China veto route) to escalate.

Sat, 05/07/2011 - 21:14 | 1251937 e_goldstein
e_goldstein's picture

You're right. NATO is a defense alliance outside of the jurisdiction of the UN.


Sun, 05/08/2011 - 08:30 | 1252665 cossack55
cossack55's picture

So a pipeline to Italy is enough to place Libya in the N. Atlantic?

Sat, 05/07/2011 - 21:16 | 1251940 Long-John-Silver
Long-John-Silver's picture

but they do need the American MIC.

Sat, 05/07/2011 - 21:25 | 1251963 robobbob
robobbob's picture

no, they don't.

but it certainly strips away that fig leaf of lawful justification and, what are they calling that new policy? Exposing "Responsibility to Protect" is just more naked imperialism.

And without the UN mandate, just what part of the NATO treaty justifies overthrowing a government that did not constitute a threat to any member nation?

Sat, 05/07/2011 - 22:30 | 1252100 takinthehighway
takinthehighway's picture

Would Lockerbie count?

Sat, 05/07/2011 - 23:27 | 1252228 sun tzu
sun tzu's picture

Would the Barbary Pirates capturing European and American merchant vessels count?

Sat, 05/07/2011 - 22:49 | 1252145 nonclaim
nonclaim's picture

Justification may fall under the "disrupting energy suplies" into the EU.

Just like turning off gas supply now and then like the russians do, but Libya in not Russia...

Sat, 05/07/2011 - 21:26 | 1251967 CrashisOptimistic
CrashisOptimistic's picture

Well, yes, in the context of no sort of authorization was "needed" to begin with, in that you do as you please if you have the biggest guns.  But the NATO participants have been very stringent about the "occupation forces" prohibition in the UN resolution.

So if they have paid attention to it so far and leaned on it as reason not to proceed, one would think that would not change now.  And so . . . they put out feelers for an additional resolution, Russia quietly says no, and we never hear further about it.

Gadaffi is a genius.

Sun, 05/08/2011 - 22:54 | 1254473 knukles
knukles's picture

WTF is anybody thinking about?

Since when does invading a sovereign nation, killing innocent civilians, destroying private and public infrastructure, causing starvation, represing individual rights, spreading disease and misery necessitate Justification?

Have you all lost your fucking minds?

Welcome to the Hegleian Dialect.


Sat, 05/07/2011 - 21:23 | 1251957 Rick64
Rick64's picture

By the way, how is that Saudi Arabian replacement crude flow working out?

 Ahh we will get back to you on that.

Sat, 05/07/2011 - 22:01 | 1252048 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

It is my understanding that Saudi Crude is of a different grade than that coming out of Libya, hence it would not be apples for apples anyway.  But, the thing to remenber here is that the Saudis understand that they have been doublecrossed by the West.  Hence they and Pakistan, as Webster Tarpley puts it, are on a "jailbreak" away from the imperialists into the arms of the Chinese.  The Chinese and Russians have now come out with at joint statement saying they are against the invasion of sovereign countries now being perpetrated by NATO.  Think about it.  This sets the stage for WWIII.  Pakistan is an ally of China and has nukes.  India is an ally of the U.S. and Israel and has nukes.  "And" Russia and the Chinese are playing footsie with one another. 


Now, one theory has it that this Bin Laden killing fable of a week ago was done primarily to isolate Pakistan and coincidental with some kind of false flag perpetrated by the west would be a pretext to invade Pakistan.  Why?  I have no freaking idea!  Apparently the globalists want WWIII?  I can think of no better way of getting us there than by invading a Chinese ally.  Hope you are buying physical hard assets while they are down.  This could get ugly!

Sat, 05/07/2011 - 22:25 | 1252090 CrashisOptimistic
CrashisOptimistic's picture

You are engaged in old normal thinking.

If oil is depleting, do you realize how every single word of your thinking becomes meaningless?

There are only two causes for war now: Securing oil, or destroying demand -- with destroying demand being in a very literal sense.

You kill the consumers, or you confiscate oil.  Nothing else matters.

Sat, 05/07/2011 - 22:35 | 1252117 Arius
Arius's picture

"old normal thinking"

well put....

Sat, 05/07/2011 - 22:40 | 1252123 newworldorder
newworldorder's picture

Ultimate game theory. Your brain cells are working fine.

Sat, 05/07/2011 - 23:43 | 1252263 StarvingLion
StarvingLion's picture

Oil didn't matter in wWII.  Uranium and how to exploit it did.

Sun, 05/08/2011 - 00:02 | 1252294 Flakmeister
Flakmeister's picture

Wow... did you really just say what I thought you said?

Sun, 05/08/2011 - 00:10 | 1252306 Rick64
Rick64's picture


Sun, 05/08/2011 - 01:01 | 1252401 gmj
gmj's picture

Herr Hitler would like a few words with you, Mr. Lion.  In ze bunker.  Now.

Sun, 05/08/2011 - 11:48 | 1252905 Jalaluddin
Jalaluddin's picture

Yawohl Herr Löwe, kommen Sie hinein!

Sun, 05/08/2011 - 03:09 | 1252499 J in Vegas
J in Vegas's picture

Why do you think the Japanese attacked Pearl Harbor? (FDR oil Freeze) Why did they expand into the Dutch East Indies? I'm going to give you a hint...(Rubber,tin,iron,coal,food, OIL)....

J in Vegas

Sun, 05/08/2011 - 05:28 | 1252571 sterling effort
sterling effort's picture

Oil didn't matter in wWII.  Uranium and how to exploit it did.

This statement is so fundamentally wrong that my brain hurts contemplating how to rebut it, so I'm going to have to let it slide and junk myself.

Sun, 05/08/2011 - 05:29 | 1252572 sterling effort
sterling effort's picture

It is possible to junk yourself!

Sun, 05/08/2011 - 07:08 | 1252604 onthesquare
onthesquare's picture

WWII was a continuation of WWI which was the "war to end all wars" LOL.

the Rothschilds and their buddy's made out pretty well during these events and this is what is going on now.

Oil fields on fire, seen it before, not the end of the world and only visible on the surface. Shock and Aw. The trick here, as done before in other countries which are now on their knees, is to get ride of the old infrastructure and those unwashed masses that inhabit the ground cover and complicate the the pull of the wealth. The best way is to keep throwing weapons into the arena. Stand on the side lines and referee. One side gets clobbered then throw them a couple of air strikes, then back off and wait for the dust to settle. Keep doing this until they have leveled the field and are whipped.

As in WWI the top soil after the blood baths was great.

Those who run the Fed, run our governments, run the UN and run NATO. All these agencies have been captured by the new world order. They are not accoutable to anyone for their crimes and never have been. They are not concerned with their immediate wealth or gain of power but only see a gradual increase in both to pass on to their offspring something greater than what was passed on to them. They are todays entitled imperialists and have been around, but not so visible, for centuries.

Someone needs to push the reset program and restart the game.

Sun, 05/08/2011 - 10:37 | 1252808 aerojet
aerojet's picture

Reset = different players, but same game.

Sun, 05/08/2011 - 09:09 | 1252709 Herne the Hunter
Herne the Hunter's picture

(COUGH) Stalingrad (COUGH)

Sun, 05/08/2011 - 09:49 | 1252750 Flakmeister
Flakmeister's picture

 The Gateway to the Caucasus and thus, Baku....

Sun, 05/08/2011 - 22:58 | 1254478 knukles
knukles's picture

Baku.  Sweet Baku. 
Which back in those days was smack dab center of the world's largest oil production....
So much so that stamps from the various jurisdictons in those days displayed.... oil wells.

Sun, 05/08/2011 - 02:20 | 1252457 goldfish1
goldfish1's picture

If oil is depleting

What of the talk of massive oil fields in the dakotas and rockies and alaska?

Sun, 05/08/2011 - 08:30 | 1252669 Bringin It
Bringin It's picture

Fishies is a good name for you.  Hook line and sinker.

You may be on to something about Alaska, but the other 2 you mention, you need to look at estimated recoverable equivilents.  It's like the tar sands, but worse eroi if I recall correctly.

Sun, 05/08/2011 - 18:21 | 1253913 goldfish1
goldfish1's picture

No need for name calling. You may be correct, yet the reason I post this is that the word I hear most recently from a reliable source indicates the dakota field is huge and the oil is a sweet light crude.

Supposedly the Rockies field is also good; the Prudhoe Bay of course is good and the name of the other Alaska  field escapes me, but I'll get the name.

How do you know the information you have is accurate? Wouldn't substantial US oil fields change the game?

Sun, 05/08/2011 - 18:48 | 1253964 Flakmeister
Flakmeister's picture

Please see my comment below....

Sun, 05/08/2011 - 09:11 | 1252715 Herne the Hunter
Herne the Hunter's picture

Good luck getting anything out of ANWR before the Alaskan pipeline pressure drops below operational levels...

Sun, 05/08/2011 - 09:55 | 1252753 Flakmeister
Flakmeister's picture

I suggest you take look at the last figure here

It puts the Bakken into perspective..

The Rockies, aka Green River is not oil, It is a kerogen infused marl or the geologic precursor to oil. It has the energy density of a baked potato and it has to be retorted to produce any liquids.

Alaska does have some potential, even if 20 billion barrels were somehow found, it would increase world reserves by 2% and would not increase the flow of oil.

Remember it is all about the flow rates, not reserves.

Sun, 05/08/2011 - 04:30 | 1252545 Keri at Bankste...
Keri at Bankster Report's picture

I think that there are many more reason to start wars than the two you listed, though if by "oil" you mean "insert important GDP and currency-linked commodity here", I'd be more inclined to agree.  But I don't subscribe to the "peak oil" theory, and I don't actually think that the human progress is tethered to that hydrocarbon, so I don't think that oil is depleting.

What is depleting is faith in currencies, worldwide, which is a really good reason to start a war.  Oil is to the NWO types as Mulberry Walk property is to Russian oligarchs: it's a place to hold/launder/store excess money where the people have little recourse but to tolerate it and local government loves it.  Get your oligarch friends to agree, and you can make your own market.  Let's remember that before the Greenspan helo-drop, before and little after the time Bush Jr, oil was $18.50 a barrel, and less.  I remember getting gasoline for 69 cents a gallon in Cheyenne, WY (low fuel tax state), and seeing diesel for 59 cents a gallon.  This wasn't ages ago: this was in 1998.  I remember the big deal it was went oil broke and held above $30/bbl in about 2004.  At that time, oil was doing everything it does today, and it was just starting to be the asset of choice for laundering massive amounts of easy-money dough.  NATO will probably go into Libya on foot and the US will join, but more as a cover for interational currency deterioration than for oil, in my opinion.  They don't need centralized control over oil to keep the game going (although that would certainly help them), but they do need centralized control over currency.  Oil is the strawman used by Western banks to make the West upset at those "greedy Arabs" when the Western banks are actually the ones propping up oil.

Sun, 05/08/2011 - 09:28 | 1252728 Herne the Hunter
Herne the Hunter's picture

Oil is being taken for granted. Its energy density, ease of use, and ease of storage is one of a kind that you don't find in wood, coal, natgas or uranium; it's what powers diesel locs and jet figters alike. It's greases the gears and kills the bad guys.

Now we find ourselves in a spot where the easy stuff is depleting and in danger of being taken away by regional strife and Eastern influence.

When oil is real, when it's presence or absence makes the difference between hegemony and helplessness; when money just some zeros and ones stored on a hard drive, subject to contracts that can be torn; you have to ask yourself the question: which one will be worth going to war for?

Sun, 05/08/2011 - 12:03 | 1252932 WmMcK
WmMcK's picture

I am just Lincoln with 2 zeroes or Kennedy with 3.

After '64, we're all pretty much worthless -- all shot to hell.

I recommend buying Ag and Au (and Pt, Pd, rare earths, etc.) while you still can.

Start by trading the swings in the ratios (on, but not with, paper)

Then consider getting some multi-family rentals.

Be generous with all you have/know. (food, H20, wisdom)

Learn technicals, but ignore the FUD/ trolls.

Start small if need be, but do not hesitate.

Sat, 05/07/2011 - 22:33 | 1252107 takinthehighway
takinthehighway's picture

I seem to remember Presidential hopeful Barack Hussein Obama mentioning something about attacking Pakistan...

Sat, 05/07/2011 - 23:31 | 1252237 sun tzu
Sat, 05/07/2011 - 23:47 | 1252272 GreenSideUp
GreenSideUp's picture

I remember it clearly--and my reaction, "Pakistan? WTF?"

Sun, 05/08/2011 - 01:27 | 1252419 gmj
gmj's picture

Possible Iran-Pakistan alliance: 

Pakistan and China share a border:

If Pakistan is attacked, what are the chances of India getting involved?  I say 100%.

If India gets involved, what are the chances of nukes being used?

Talk about Pandora's box.

Sun, 05/08/2011 - 03:33 | 1252510 scatterbrains
scatterbrains's picture

by the way did anyone else get the feeling that the dude watching himself give speaches on that little tv set might be a look-a-like studying facial/body language ?


Sun, 05/08/2011 - 06:15 | 1252587 Husk-Erzulie
Husk-Erzulie's picture

I always find Tarpleys analysis pithy.  One thing I'm not sure he has really taken into account though is the quiet Russia India axis.  In fact alot of analysts seem to automatically stack India on the US/Nato side.  A little research shows however that Russia and India have been in close cooperation on development of a number of cutting edge weapons systems.  So, for one thing, India is playing a deep, quiet game and constitutes a wild card more than many imagine.  For another thing, a Russia/India engineering and weapons tech axis may be capable of producing some seriously competative if not game changing results.  Just sayin.

Sun, 05/08/2011 - 10:12 | 1252783 nevadan
nevadan's picture

Thanks for that astute observation.

Sun, 05/08/2011 - 12:09 | 1252943 WmMcK
WmMcK's picture

Black swan, meet white crow.

Sat, 05/07/2011 - 22:38 | 1252096 JW n FL
JW n FL's picture

by CrashisOptimistic
on Sat, 05/07/2011 - 21:07


By the way, how is that Saudi Arabian replacement crude flow working out?




All operators are busy at this time... your wait time is less than 2 years.


Sat, 05/07/2011 - 23:31 | 1252245 Rick64
Rick64's picture


Sun, 05/08/2011 - 00:57 | 1252387 gmj
gmj's picture

NATO was created to protect the Europeans from those awful Russkies.

Sat, 05/07/2011 - 21:12 | 1251922 HamyWanger
HamyWanger's picture

This is bullish for the global economic recovery. All the oil facilities destroyed will need to be reconstructed, with juicy contracts for Western companies. Gadaffi knows his little caprice won't last very long. No oil exports, no food. 

Sat, 05/07/2011 - 21:25 | 1251962 Rick64
Rick64's picture

 Thats right they are creating jobs. Light fires put them out, and rebuild.

Sat, 05/07/2011 - 22:37 | 1252118 Captain Benny
Captain Benny's picture

Thats what the military industrial complex does best.  This world is in a sad state of affairs.

Sun, 05/08/2011 - 00:05 | 1252302 natty light
natty light's picture

Broken window fallacy.

Sat, 05/07/2011 - 21:42 | 1252008 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Since when is destruction of goods and services good for an economy!?  Carrying your logic further, let's just level MENA and that will be even better for their economic growth.  If you break your neighbors window is that good for the local economy.  No, you have destroyed a good.  It takes a misallocation of resources to get to you to where you were before by replacing the window.     


Tuco Benedicto Pacifico Juan Maria Ramirez

Sat, 05/07/2011 - 22:35 | 1252101 Winston Smith 2009
Winston Smith 2009's picture

Tuco, you are correct:

The Broken Window Fallacy


Sat, 05/07/2011 - 22:38 | 1252114 dark pools of soros
dark pools of soros's picture

nuke the planet, poison the ocean

anything left will yield high profit margins


Sun, 05/08/2011 - 11:57 | 1252919 Jalaluddin
Jalaluddin's picture

... since spending a million dollars making a mess and spending a million dollars cleaning it up equals two million dollars in GDP.

Sun, 05/08/2011 - 12:02 | 1252923 Jalaluddin
Jalaluddin's picture

... and since failure is called success, and success is called failure.

Sat, 05/07/2011 - 22:45 | 1252131 KinorSensase
KinorSensase's picture

Indeed.  The same solution should work for US housing stock.  Get me the sledge.

"'It became necessary to destroy the town to save it,' a United States major said today."

This logic will likely bring us to a beautiful future.

Sat, 05/07/2011 - 22:47 | 1252136 JW n FL
JW n FL's picture
by HamyWanger
on Sat, 05/07/2011 - 21:12


This is bullish for the global economic recovery. All the oil facilities destroyed will need to be reconstructed, with juicy contracts for Western companies. Gadaffi knows his little caprice won't last very long. No oil exports, no food. 




Why NOT!? just do it like in China? Build it.. Blow it up.. build it again?

Sun, 05/08/2011 - 07:22 | 1252615 onthesquare
onthesquare's picture

If Gadaffi is really a problem then why not do what they have done before.

Call up some terrorists or train some. They lay the ground work for these terrostis to attack and kill some westerners. (train derailment, snakes on planes, etc.) mustering up world sysmpathy.

then blame Gaddaffi, hit the fast forward button, bring out the stealth helecopters and send in the seals, assassinate Gadaffi and drop his body in the Atlantic.

Problem over.

Sun, 05/08/2011 - 08:28 | 1252662 russki standart
russki standart's picture

You are joking...right?

Sun, 05/08/2011 - 12:00 | 1252924 Hi Ho Silver
Hi Ho Silver's picture

Gadaffi has 143 tons of gold. He doesn't oil to pay for food. At least not for several years.

Sat, 05/07/2011 - 21:09 | 1251924 Village Idiot
Village Idiot's picture

OT - to all my ZH brothers and sisters - getting some behind the lines rest in Maui. Keep up the good fight. I will be back. Hugs to tyler et al. CHeers. VI.

Sat, 05/07/2011 - 21:20 | 1251953 Hephasteus
Hephasteus's picture

Eat a cocoanut for me but not if your blood type o. You'll throw up.

Sun, 05/08/2011 - 00:30 | 1252346 Village Idiot
Village Idiot's picture

A+ so all good.  keep bringing it to the people, Heph.  Out.

Sat, 05/07/2011 - 21:47 | 1252024 RockyRacoon
RockyRacoon's picture

Isn't the village missing you yet?   Hurry home!

We have a few folks here at ZH who could fill in for you in your absence.

Sun, 05/08/2011 - 00:24 | 1252341 Village Idiot
Village Idiot's picture


"Isn't the village missing you yet?"  Unlikely, that's why I love the unconditional love of animals.  And please continue to control the rodent population as you so gracefully do.  Peace.

Sat, 05/07/2011 - 22:53 | 1252158 JW n FL
JW n FL's picture
by Village Idiot
on Sat, 05/07/2011 - 21:09


OT - to all my ZH brothers and sisters - getting some behind the lines rest in Maui. Keep up the good fight. I will be back. Hugs to tyler et al. CHeers. VI.





Both, you must eat all of! everything! everywhere! there! at both places!


Sun, 05/08/2011 - 00:23 | 1252334 Village Idiot
Village Idiot's picture

Food is love, brother. Thanks for the tip.

Sun, 05/08/2011 - 15:11 | 1253423 Hulk
Hulk's picture

Humuhumunukunukuapua, its whats for dinner!

Sun, 05/08/2011 - 15:38 | 1253513 Village Idiot
Village Idiot's picture

You know it ;-)

Sat, 05/07/2011 - 23:09 | 1252196 DoChenRollingBearing
DoChenRollingBearing's picture

Village, cheers back at you.  Though it sounds like you may not our help in that department...

Sun, 05/08/2011 - 00:17 | 1252321 Village Idiot
Village Idiot's picture

Looking forward to the ZH reunion, DoChen.  See you there.

Sat, 05/07/2011 - 23:43 | 1252260 nmewn
nmewn's picture


And thanks for your work at the birth records office ;-)

Sun, 05/08/2011 - 00:10 | 1252308 Village Idiot
Village Idiot's picture

For the cause, my man. "The truth will set you free."  

Sun, 05/08/2011 - 00:19 | 1252331 nmewn
nmewn's picture

Have fun, be safe ;-)

Sun, 05/08/2011 - 00:33 | 1252356 Bay of Pigs
Bay of Pigs's picture

Bay of Pigs stomping grounds. Maui is the shit.

Where you staying brah? Aloha...

Sun, 05/08/2011 - 01:54 | 1252439 Village Idiot
Village Idiot's picture

Grand Wailea. Come join me comrades.

Sun, 05/08/2011 - 11:25 | 1252863 Bay of Pigs
Bay of Pigs's picture

Damn, I just left for the mainland or I would catch up with you.

Check out the Happy Hour at the Red Bar 3-7's located at the Wailea Golf Club (Emerald and Gold courses).

Or walk the beach north to the Five Palms at the Mana Kai. Same deal there, 3-7 daily. Pupus half off. Great views and atmosphere for both spots.



Sun, 05/08/2011 - 15:42 | 1253524 Village Idiot
Village Idiot's picture

Thanks, we will go.

Sat, 05/07/2011 - 21:11 | 1251931 RobotTrader
RobotTrader's picture

This event provides the green light for major U.S. oil companies to come into Libya, take over their oil fields, and spend billions upgrading their infrastructure.  After that is completed, they will start pumping millions of barrels of oil, and gas prices will promptly return to $3/barrel, just in time for summer driving season.

Another example of how Uncle Gorilla can choreograph geopolitics, conduct assassinations, unleash a tsunami of paper shorting, raise margin requirements, and influence pretty much anything to get stock and commodity prices to go in whatever direction is required to re-elect the incumbent President.

Sat, 05/07/2011 - 21:21 | 1251949 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Mein FührerSieg Heil! Sieg Heil! Sieg Heil!

Sat, 05/07/2011 - 22:22 | 1252083 serotonindumptruck
serotonindumptruck's picture

Ein Volk!

Ein Reich!

Ein Deutchland!

Sun, 05/08/2011 - 10:16 | 1252790 kaiserhoff
kaiserhoff's picture

I smell another Peace Prize, or is that Piece Prize?

Maybe it's just the Potomac Swamp doing its usual thang.

Sat, 05/07/2011 - 22:22 | 1252084 Ted Celeste
Ted Celeste's picture

That is a fun pic of Bark.  Yet FunkyMoneyBoy kinda says it all, per usual.


Sat, 05/07/2011 - 21:20 | 1251952 Long-John-Silver
Long-John-Silver's picture

I know the first two words out of his mouth when told of this.



Sat, 05/07/2011 - 21:20 | 1251955 AUD
AUD's picture

Agreed but Uncle Gorilla's credit still cannot be infinitely stretched. Price volatility, particularly in the precious metals, is showing this.

Sat, 05/07/2011 - 21:32 | 1251978 RobotTrader
RobotTrader's picture


Uncle Gorilla can print to infinity.

Just look at Japan.  Their debt problem is far worse.

Yet the Yen is now the envy of the currency world.

All Ben needs to do is turn the electronic digit-flipping machines at the Fed into an atomic aprticle accelerator and jack up the POMO presses to warp speed.

Watch the USDX rocket after that happens.


Sat, 05/07/2011 - 21:44 | 1252004 AUD
AUD's picture

Oh of course, this time it's different.

I agree that Uncle Gorilla can do whatever he likes but it's only as long as his credit trades as money.

And 'easy' Shirakawa can ease as much as he likes but again, only as long as his credit trades as money.



Sat, 05/07/2011 - 22:38 | 1252125 dark pools of soros
dark pools of soros's picture

if you have oil, you dont need money

Sat, 05/07/2011 - 22:56 | 1252165 AUD
AUD's picture

Don't be stupid, oil is not money.

Sat, 05/07/2011 - 23:58 | 1252285 Doña K
Doña K's picture

If you have any non-perishable commodity you don't need money.

But.. you can be taxed to death, you have to pay storage fees, transportation fees, security risks and so on.

There is however, one and only one commodity for which the above do not apply.

GOLD! Buy 1oz Maple leaf coins, tell no one, hide cleverly, accumulate. $1 million worth fit in a 1-1/4" PVC pipe 2 meters long. Sell only when you must. One or a few at the time for your everyday buying needs.

For smaller players Silver is okay. Palladium, Platinum etc. are not as easy to sell.


Sun, 05/08/2011 - 03:45 | 1252516 scatterbrains
scatterbrains's picture

anyone got a metal detector handy ? and have they figured out how to triangulate IP's yet ?


Sun, 05/08/2011 - 12:20 | 1252973 WmMcK
WmMcK's picture

I agree, gold is best long term.

I don't like paper to hedge --leaves to much of a trail,

so I've used the "hard to sell" metals instead (temporarily).

Just need an exit plan.  I'd rather be "stuck" with these hard assets

to trade back to physical silver than ETF's and such.

I know several dealers that think the upsides in platinum and palladium are great and maybe not the primary targets of manipulation.  YMMV.

Sun, 05/08/2011 - 12:44 | 1253038 Green Leader
Green Leader's picture

Did your hubby teach you that?

Sat, 05/07/2011 - 21:44 | 1252014 Rick64
Rick64's picture


Sat, 05/07/2011 - 23:40 | 1252252 tmosley
tmosley's picture

Well, we all hope the insanity trade works out well for you.

Say "hi" to Hobbes for us.

Sat, 05/07/2011 - 21:21 | 1251958 nmewn
nmewn's picture

Community organizing bitchez!

Sat, 05/07/2011 - 22:35 | 1252106 knukles
knukles's picture

Absolutely, positively cannot have more fun pissing off a CA uber-liberal-progressive-secular-atheist-optimist (yes, that's the latest, optimist) that Jesus too, was a Community Organizer.

Sat, 05/07/2011 - 23:16 | 1252207 nmewn
nmewn's picture

You baited em up with the ole "my brothers keeper" progessive line didn't you?

You're incorrigible...LOL!!!

Sat, 05/07/2011 - 23:30 | 1252242 topcallingtroll
topcallingtroll's picture

The best trolling is when they cant figure out they are being trolled, you naughty boys.

Sat, 05/07/2011 - 23:42 | 1252268 nmewn
nmewn's picture

Shhh...the walls have ears ;-)

Sat, 05/07/2011 - 21:36 | 1251987 CrashisOptimistic
CrashisOptimistic's picture

You don't have very much knowlege about this matter.

US oil majors do not do infrastructure repair.  In addition to that, US oil companies had a far less pervasive presence in Libya than Eni, Total and BP, with its recent big development deal.  Or Statoil from Norway.  Or even friggin Austria's oil firm.  If anyone was going to get contracts, it would be them.  The US companies have had very little involvement there more or less forever because of the history of governmental tension.

Very poor thinking on your part.

Sat, 05/07/2011 - 21:49 | 1252020 RobotTrader
RobotTrader's picture


We have the biggest and baddest aircraft carriers.

And the fastest F-22 Raptors.

And a new thing for the Navy:  Rail Guns

I seriously doubt Uncle Gorilla is going to go through all the effort of killing Bin Laden, knocking off Gaddafi, and letting foreign oil companies get all the loot.

Heh, we'll just send Donald Trump over there.

"Boys, you've had your fun.  But now its OVER!"

Sat, 05/07/2011 - 21:57 | 1252034 TheGreatPonzi
TheGreatPonzi's picture

Robot, dude, what happens when the Pigmen (who, according to you, cannot be stopped) decide to step on the population, or confiscate your wealth? 

As much as I understand that it's better go earn money playing the fraud than losing it, I don't see the point of defending them, except, of course, for trolling purposes.

Sat, 05/07/2011 - 22:37 | 1252110 serotonindumptruck
serotonindumptruck's picture

"We have the biggest and baddest aircraft carriers."

Too bad about those Mach 3 antiship missiles that the Russian and Chinese navies have at their disposal.

Moskit, bitchez.


Sat, 05/07/2011 - 23:05 | 1252188 JW n FL
JW n FL's picture
by serotonindumptruck
on Sat, 05/07/2011 - 22:37


"We have the biggest and baddest aircraft carriers."

Too bad about those Mach 3 antiship missiles that the Russian and Chinese navies have at their disposal.

Moskit, bitchez.




that would stop anything.. anything "FOF"... or being outside of "FOF" is a bitch!


but.. that was then.. and this is now.


SeaRAM Close-In Weapon System (CIWS) Anti-Ship Missile Defense System


We may be broke.. Our Government may be owned by the Lobby.. but we are the badasses when it comes to toys..


we did buy our aircraft carrier off of ebay for $25m from Russia who was to broke to finish building it out.



Sat, 05/07/2011 - 23:20 | 1252220 serotonindumptruck
serotonindumptruck's picture

The terminal "S" maneuvers on the latest variant of Moskit are specifically designed to defeat CIWS. The Russian, Chinese, Iranian, and Indian navies have the US Navy by the fucking balls if they choose to launch against us.

Sat, 05/07/2011 - 23:26 | 1252233 topcallingtroll
topcallingtroll's picture

But it only has a chance if they find our ships before we knock out their systems. They will be blind as a bat the minute we decide upon all out war.

Sat, 05/07/2011 - 23:42 | 1252256 serotonindumptruck
serotonindumptruck's picture

"Fire and Forget".

All they need is a moderately-sized platform to launch from (land, sea, or air). Hence, the standard Iranian "speedboat".

When these weapons are used against the West, the gig is up.


Sun, 05/08/2011 - 00:08 | 1252312 topcallingtroll
topcallingtroll's picture

Unfortunately if there is a dustup there will be a lot of innocent fishermen and small ships blown out of the water.

Sun, 05/08/2011 - 12:13 | 1252954 Jalaluddin
Jalaluddin's picture

Wasn't there a best of class missile shield ship from that shitty little country that Hizbullah knocked out in the last war? Expect suprises.

Sun, 05/08/2011 - 00:25 | 1252337 Hephasteus
Hephasteus's picture

Nah the aircraft carriers will just submerge. You know duck and cover.

I might as well mouth off. Uhmm. Anybody here know what most naval vessels use for propulsion. Anybody, anybody?

Sun, 05/08/2011 - 08:41 | 1252678 cossack55
cossack55's picture

Wind? Steam? Solar?

Sun, 05/08/2011 - 09:46 | 1252749 Hephasteus
Hephasteus's picture

Nuclear but yes steam turbines.

Anyone who relies on cpu's and nuclear to be a badass is not going to like this year and are really going to hate next year.

Sun, 05/08/2011 - 01:25 | 1252417 JW n FL
JW n FL's picture
by serotonindumptruck
on Sat, 05/07/2011 - 23:20

The terminal "S" maneuvers on the latest variant of Moskit are specifically designed to defeat CIWS. The Russian, Chinese, Iranian, and Indian navies have the US Navy by the fucking balls if they choose to launch against us.


If they duck one (1) system.. on one (1) ship... but ducking all these systems on all the ships (not to mention subs) is a wild card at best.. and thats on a 50% day on 50% of the ships which would leave 50 defense systems in place for a carrier group..

jus sayin.



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