View Single Post
Old 02-21-2011, 01:24 PM   #278 (permalink)
roachboy
 
roachboy's Avatar
 
Super Moderator
Location: essex ma
libya's un delegation has had enough:

http://www.nytimes.com/2011/02/22/wo...ef=global-home

there have been reports of resignations in multiple libyan embassies around the world in protest of kadhafi's use of mercenaries (in some reports) or the army (in others) to massacre civilians in benghazi and tripoli (the former being at this point confirmed as worse...but reports are sketchy still).

two fighters defected to malta after the pilots refused to fire on protestors.
there are reports of other pilots also refusing in benghazi.

Live Blog - Libya | Al Jazeera Blogs

other reports of army incursion into cities in the east are counter-balanced with reports that the libyan army has moved off the egyptian border.

the situation in tripoli is apparently a function of class position; pretty quiet in middle-class areas, bombing of poorer areas. again, so go the reports.

there are caravans with medical supplies heading from egypt.

it's a brutal situation at the moment.

meanwhile

Quote:
Oil surges as Libyan protests threaten supply

By Jack Farchy in London

Published: February 21 2011 12:22 | Last updated: February 21 2011 12:22

Oil prices jumped to a two-year high above $105 a barrel as the wave of protests that has swept across the Middle East hits Libya, for the first time affecting a significant producer of crude.

Traders said the growing unrest in Libya – where a bloody weekend ended with more than 200 people reported killed – was more significant to the oil market than earlier protests in Tunisia and Egypt.

“Compared to Tunisia (a minor crude exporter) or Egypt (not an exporter but a transit country), instability in Libya is a major concern to the oil industry,” said JBC Energy, a Vienna-based consultancy.

Libya is a medium-sized member of Opec, the oil producers’ cartel, producing 1.6m barrels a day out of a global total of 88.5m barrels a day, according to data from the International Energy Agency. It is an important exporter of crude to Europe, supplying just over 1m barrels a day to the continent, with Italy, France and Germany the top importers.

Crude oil futures rallied sharply on Monday after a weekend of protests and violence across the country, which culminated in a speech by Seif al-Islam Gaddafi, the son of leader Muammer Gaddafi, in which he warned that a civil war could result in Libya’s oil being “burned by thugs, criminals, gangs and tribes”.

European Brent oil futures rose 2.5 per cent to a peak of $105.08 a barrel – the highest since September 2008. West Texas Intermediate, the US benchmark, was 3.6 per cent higher at $89.33.

Precious metals also benefited from the uncertainty in the Middle East, as investors sought safety and switched out of assets perceived as riskier. Gold touched $1,400 an ounce for the first time since early January, up 1.2 per cent on the day, while silver hit a fresh 30-year high of $33.50.

The immediate effect of the unrest on Libya’s oil production was unclear.

The market was buoyed by an unconfirmed report from Al-Jazeera, the Arab news channel, that a strike had stopped production at the Nafoora oilfield in the country’s Sirte basin.

European majors such as BP, Royal Dutch Shell and Statoil said they had halted some exploration operations in the country and evacuated staff.
FT.com / Commodities - Oil surges as Libyan protests threaten supply
__________________
a gramophone its corrugated trumpet silver handle
spinning dog. such faithfulness it hear

it make you sick.

-kamau brathwaite
roachboy is offline  
 

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360