Wednesday, February 23, 2011

Qaddafi Just Ordered The Destruction Of Oil Pipelines To The Mediterranean


Colonel Qaddafi has structured the distraction of Libyan oil exports by demolishing pipelines to the Mediterranean, resources tell Time's Robert Baer:

"There's been nearly no consistent information impending out of Tripoli, but a resource close to the Gaddafi government I did handle to get grasp of told me the previously terrible condition in Libya will get much bad. Between further things, Gaddafi has planned security services to begin sabotaging oil services. They will begin by blowing up numerous oil pipelines, cutting off flood to Mediterranean harbors. The damage, according to the insider, is intended to serve as a note to Libya's rebellious tribes: It's moreover me or chaos."

Oil has been pointing on worries of a Libyan interruption. Previously today the state declared force majeure, efficiently canceling oil contracts.

Libya generates 1.9 million barrels of oil/Day