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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

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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.

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