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Oil tumbles on rumors Gaddafi shot
NEW YORK | Thu Feb 24, 2011 2:53pm EST
NEW YORK (Reuters) - Traders said oil prices fell by more than $2 a barrel in late Thursday activity on rumors Libyan leader Muammar Gaddafi had been shot.
There was no immediate indication of where the rumor had originated or any news report to substantiate it.
Traders also cited earlier reports that Saudi Arabia was in talks with European refiners to make up for the loss of Libyan crude and rumors of a possible release of U.S. emergency oil stockpiles as weighing on oil prices.
(Reporting by New York Energy Desk)
DrVolin wrote:Hmm, on CNN just now ACia360 was asking how long it would be before some sort of military intervention is required in Lybia...
jingofever wrote:Craig Murray says:
A very senior diplomatic source told me yesterday that Berlusconi is frantic lest Gadaffi falls and the channels are revealed by which Berlusconi gets a cut on the huge amounts of Libyan oil and gas lifted to Italy. Just at the moment that would be too much even for Berlusconi to survive.
This morning I see the Italian foreign minister is warning 300.000 Libyan refugees will fly to Europe if Gadaffi falls - as though there will be none if he stays. I have checked with other diplomatic sources, and they confirm that Italy is using the refugee warning to argue that Europe should back Gadaffi, and not impose sanctions. That point is not coming over in the mainstream media.
Tripoli resident describes killings
Mercenaries killing protesters, 18-year-old tells CBC radio via Skype
CBC News
Posted: Feb 24, 2011 11:23 AM ET
...
On Wednesday night, producer Joan Melanson of CBC Radio's Metro Morning took a call via Skype from an 18-year-old woman named Hadil who left Mississauga, Ont., in 2007 and now lives with her family in Tripoli, the Libyan capital. Hadil asked that her last name not be used.
During the seven-minute interview Hadil says mercenaries are roaming the streets, killing innocent people and breaking into houses.
Hadil, who has had to remain inside her family's apartment since Sunday, told CBC News how her father's cousin was shot while protesting and died in hospital two days later.
"His last words were 'freedom will come,'" Hadil said. "The mercenaries are breaking into people's houses. People are asleep. Innocent people that aren't even protesting. They break into their houses and they kill them."
"[The mercenaries] are shooting anything that moves," said Hadil. "They're being paid to kill people."
"[Gadhafi] is killing innocent people, we don't have weapons. We have nothing."
Hadil said despite the violence, many of those who support the protests are certain that Gadhafi is on his way out. "As my dad says these are the happiest days of his life because we know Libya will be free. God is on our side … He is going down."
...
Al Qaeda backs Libyan protesters and condemns Gaddafi
DUBAI | Thu Feb 24, 2011 12:59am EST
(Reuters) - Al Qaeda's North African wing has condemned Libyan leader Muammar Gaddafi and expressed solidarity with protesters revolting against his rule, the SITE Intelligence Group quoted it as saying on Thursday.
Al Qaeda in the Islamic Maghreb (AQIM) accused Gaddafi of hiring African mercenaries and ordering aircraft to fire on protestors, SITE said, citing a jihadist statement issued on Thursday.
AQIM urged Muslim scholars, thinkers and journalists to support the Libyan people in their uprising.
"We were pained by the carnage and the cowardly massacres carried out by the killer of innocents Gaddafi against our people and our unarmed Muslim brothers who only came to lift his oppression, his disbelief, his tyranny and his might," AQIM was quoted as saying in the statement.
"We only came out to defend you against these despots who usurped your rights, plundered your wealth, and prevented you from having the minimum requirements of a dignified life and the simplest meanings of freedom and human dignity," AQIM said.
The group, under pressure from Algerian security forces in the north, moved some of its operations to the desert area straddling Niger, Mali, Algeria and Mauritania where the vast expanses and porous borders have provided it with a safe haven.
Massive protests have swept through Arab countries in past weeks, threatening Gaddafi's four-decade rule after toppling the leaders of Egypt and Tunisia.
"We call upon the Muslim Libyan people to have steadfastness and patience, and we incite them to continue their struggle and revolution and to escalate it to oust the criminal tyrant," the group said.
http://www.reuters.com/article/2011/02/ ... 2B20110224
Nato chief calls emergency meeting on Libya
AFP (2 hours ago) Today
A Libyan gunman flashes V sign as he stands on a military truck with full of launcher rockets at Al-Katiba military base after it fall by the anti-Libyan Leader Moammar Gadhafi protesters few days ago, in Benghazi, Libya, on Thursday Feb. 24, 2011. – Photo by AP
GODOLLO, Hungary: Nato chief Anders Fogh Rasmussen called Friday for an emergency alliance meeting on Libya and said it was ready to act as “an enabler and coordinator” if member states take action.
“I have called for an emergency meeting in the North Atlantic Council today to discuss Libya,” Rasmussen wrote on his Twitter account, referring to the alliance’s political decision-making body.
“The situation in Libya is of great concern. Nato can act as an enabler and coordinator if and when member states will take action,” he wrote ahead of a meeting with EU defence ministers in Godollo, Hungary.
http://www.dawn.com/2011/02/25/nato-chi ... libya.html
Germany Sends Three Warships To Libya
Submitted by Tyler Durden on 02/24/2011 09:09 -0500
As we pointed out yesterday, while the US navy is seriously starting to amass in the Persian Gulf region, it has left the Mediterranean and more importantly, the Libyan coastline unguarded. With concerns that Gaddafi will follow through with what we speculated on Monday was a Saddam-like "after me the flood" act and burn his oil facilities, this may not be the most prudent thing. Luckily, here comes Germany. According to Spiegel, Germany has sent three warships to Libya which may possibly get involved in a "military engagement."
From MSN.de:The German Navy has sent three ships of the operations and training association in 2011 in the maritime area between Malta and the Libyan coast.
The Spiegel Online reports akutell. The three ships are the supplier "Berlin" and the frigate 'Brandenburg and Rheinland-Pfalz. "Overall, the ships will have about 600 soldiers on board.
As Spiegel Online report on the EU takes in an emergency, a military engagement in Libya considered. The news magazine refers back to an unnamed diplomats.
h/t Doug
UPDATE 1-NATO calls emergency council meeting on Libya
Fri Feb 25, 2011 8:02am GMT
BUDAPEST Feb 25 (Reuters) - NATO Secretary General Anders Fogh Rasmussen said he had called an emergency NATO council meeting for Friday afternoon to discuss the situation in Libya.
"I have convened an emergency meeting in the NATO council this afternoon to consult on this fast-moving situation. So I will return to Brussels in a few hours," he told Reuters during a visit to Budapest on Friday.
"Before I do so, I will meet with EU defence ministers and discuss with them how we in a pragmatic way can help those in need and limit the consequences of these events."
He said priority must be given to evacuation and possibly humanitarian assistance.
"It's a bit premature to go into specifics but it's well-known that NATO has assets that can be used in a situation like this and NATO can act as an enabler and coordinator if and when individual member states want to take action," he said.
On Thursday, the United States said it was looking at all options, including enforcing a no-fly zone over Libya, and did not rule out military action in its response to the crisis.
British Defence Secretary Liam Fox said Britain had been discussing with the NATO leadership how better to coordinate efforts to get people from a number of different countries out of Libya over the next few days.
In Brussels, senior officials said the European Union was weighing a range of options to evacuate 5,000-6,000 EU citizens still in Libya, many of them oil company employees, and said one possibility was a military humanitarian intervention force. (Reporting by Gergely Szakacs; editing by Andrew Roche)
http://af.reuters.com/article/libyaNews ... D420110225
Jeff wrote:...
Massive demonstrations are planned for Tripoli today. Hoping for the people to beat the wolves to the prize.
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