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Five Things the Conflict in Libya Is Not
Posted by Ishaan Tharoor Wednesday, June 15, 2011 at 9:09 pm
http://globalspin.blogs.time.com/2011/06/15/five-things-the-conflict-in-libya-is-not/
Senators Inhofe, and Bachman, make false claims that the Libyan rebels
are allied with Al qaeda. The fact is Libya is in a civil war, and the
global Oil oligarchs and their constitiuent Global Political
representatives tend to favor dictatorial incumbents, like Qaddafi, or
regional strong men, Assad, and Mubarak, because their primary duty is
to faccilitate the unfettered supply of middle east oil. An
unfortunate side effect of the US led Gloal War on Terror under Bush,
was that regional autocratic authoritarian dictactors were given carte
blanche approval to repress populist based movements, in the name of
fighting terrorism and prosecuting the war on terror, which under Bush
was really just US tax Payer funded oil suppply sider class warfare.
The Fact is US oil companies and their republican lackey's feel they
can get a better oil deal with Qaddafi, since Libya, like Venezuela
has low sulphur content oil (Light Sweet Crude) that is required for
diesal and jet fuel, and generally is a higher quality grade than what
comes out of Saudi Arabia. China has already negotiated a deal with
the Qaddafi regime, that would make it, Africa's second largest oil
supplier to china after Nigeria. The Republican Oligarchs just want a
piece of the action, since Qaddafi and his cadres own most of Libya,
despite the dictator having 30 billion dollars of personal assets
seized by the US government. Qaddafi doesnt sound much like a
socialist. More like a King. We shouldn't forget the stupid greed that
blinds Bachman, and Inhofe, regarding Qaddaffi's past terrorist
attacks against America, like the bombing of Pan AM flight 103, and
his attempt to purchase uranium centrifuges from A. Q. Khan, the
father of Pakistan's Nuclear weapons program. Qaddafi may have
renounced his terrorist support publically, but I fear, if we pull out
prematurlly the regions oil supply will be siphoned off by the
Chinese, and global oil prices will rise, since China has the largest
demand market for oil, and are willing to pay more for oil than we
are. So if Qaddafi, remains in power, the republican big oil lackey's
will reward oil companies with short term oil profits, but in the long
term, they will be cut out by the chinese. Qaddafi already sold out
the cause of populist socialism, long ago, and if we leave the rebels
will be massacred. The fact is the rebels are not allied with Al
qaeda, rather they are the regional phenomena known as the Arab
Spring, and these movements, have been more about parlimentary
democracy, and transparency, not back door links to Al qaeda, as this
article clearly shows. Republican claims that the Libyan rebels are Al
qaeda allies, is just globalized class warfare and fearmongering,
intended to promote a Nixonian silent majority, where the republicans
attempt to coopt the peacenik movement, like they did under Nixon, who
gets credit for ending the Vietnam war, but in fact dramatically
escalated the war, until the costs became so unsustainable that he had
to delink the american dollar from the gold standard, thus ending
stable Keynesian fixed exchange rates that provided national
autonomous control over global currency, and commodity prices. Back to
qaddafi and the extreme conservative belief that the Libyan rebels are
allied with Al qaeda, is pure propaganda, meant to foster a global
supply sider agenda, that nests its agenda, and overall march to
economic armageddon, due to their short term corporate liquidity
mentality and their failure to see the long term sustainable growth
solution, that proves US support for autocratic regimes, that repress
their people, only serves to demonize the US in the minds of the
Arabs, and since freedom of expression of popular dissent against the
regime is severely repressed, these Arabs only avenue is to resort to
Terrorism, which forces government's worldwide to impose severe
restrictions on civil liberties, in the name of security, but the
Trickle-down, supply-siders use it as an opportunity to import
corporate economic authoritarianism, to the US, and promote
oligarchical class warfare abroad. The fact is the whole Oil supply-
sider economic system comes crashing down by year 2100, when global
supplies of oil are projected to be exhausted, and global population
will be above 10 billion people. So we need to transition back to
fixed exchange rates under macro keynesian economic theory, and
transition to a more sustainable long term energy strategy, so that we
are not forced to intervene in the militarily in the middle east, in a
failed attempt to stabilize oil prices, which in fact are rigged by
the commodities futures traders, just as global currencies are also
able to be more manipulated by speculators. Fixed exchange rates will
stabilize global credit markets. and desalinisation plants for the
Middle east, would help alleviate the tensions brought on by reduced
demand for their enviromentally corrosive, and politically
destabilizing, commodity. Green technological investment world wide,
like Biomass,, Solar, and the Tokamak fusion test reactor, will enable
us to make the civilizational transition to the twenty second century.
thomaswheat1975
Libyan oil still has a polluting level of sulfur content; those
engines will still work anyway; Brent crude is better for deriving
distillates. Otherwise, Wall Street & BP contributed more to
the Oreo-in-Chief more than to M:Cain...
New Karaoke lyrics for "Jungle Love"
by The Time
as sung by:
The President of the United States
to his loyal Deviatees the world
"Buy
into Rightey's wars!" -
the mantra of Team Donkey (dong-key).
Although I'm
black on the outside -
INSIDE I'M PURE HONKY (hong-key)
.
Mo' Banksta gov, yeah...
O-re-O-re-O
The banks write its cookbookie (book-key)
Banksta gov...
O-re-O-re-O
TWO SIDES TO THEY COOKIE (cook-key)
.
You,
you think I'm native-born -
my NATIVE SOIL IS KENYAN (ken-yen).
M:Cain's a little different:
native soil WAS Panamanian
.
Duh! Bank-rolled from
Banksta dough!
O-re-O-re-O
The banks write our cookbookie (book-key).
Dough! Banksta dough!
O-re-O-re-O
BANKSTAS' TWO-FACED COOKIE (cook-key)
.
Come on Congress, where's your nuts?
Declarin' these wars or what?
O-re-O-re-O
I wanna let mo' Goldman Sachs
honchos loot the Treasury.
O-re-O-re-O
You taste only like the cookie's left side.
Fo' change you hungry? Take a bite o' me!
O-re-O-re-O
.
Mo' Banksta gov, yes!
O-re-O-re-O
The banks write our cookbookie (book-key).
Yay! Banksta gov, mmm
O-re-O-re-O
BANKSTAS' TWO-FACED COOKIE (coo-kieees! yum yum yum)
.
Mo' Banksta gov
O-re-O-re-O
The banks write our cookbookie (book-key).
Banksta gov
O-re-O-re-O
BANKSTAS' TWO-FACED COOKIE (cook-key)
.
[Fade-out/repeat:]
Swap Dumbo
fo' dumb-Ass -
New...
shade o' grey!
O-re-O-re-O
That Hymie Spic (mA-xi-mo-i-mo)
and Jew Yoricans like Ge(raldo)
tell Voters what they (do not wanna know) -
LEFT & RIGHT HO FO' NA(BISCO);
They who make dough (from thin air thin air,)
by mouse-clicks of them crookies (crook-keys),
they own our (rulers fair & square) -
THE GOLDEN RULIE, SEZ FORTUNE COOKIE (cook-key)
As usual bigots are talking out of their ass again and no nothing of
what their talking about. Libyan crude oil has the lowest sulphur
content in its crude oil, which makes it suitable for diesal and jet
fuel, unlike saudi arabia, or our own tar sands reserves.
discussion archived here on usenet:
http://www.ft.com/intl/cms/s/0/82a2af8e-3f76-11e0-a1ba-00144feabdc0.html
-excerpt-
"Hunt for top-grade crude sources begins
By Gregory Meyer in New York
Published: February 23 2011 18:24 | Last updated: February 23 2011
18:24
The crisis in Libya is halting production of some of the world’s most
coveted oil.
The reservoirs beneath its desert landscape yield crudes that are
easily refined into diesel and petrol and also low in sulphur, making
them cleaner to burn. Opec, of which Libya is a member, has adequate
spare supplies to replace the country’s lost production – but the
quality is mostly inferior.
“Libya is a producer of light, sweet crude,” says Andy Lipow,
president of Lipow Oil Associates, a Houston consultant. “The spare
capacity among Opec members is heavy, high-sulphur crude.”
This means sustained, widespread stoppages of Libyan production could
require oil companies to do more than just replace lost barrels.
They would need to find barrels of equivalent quality from Algeria,
Nigeria, the Caspian region or the North Sea. The bidding could
further raise prices for the kinds of high-quality crudes that
underpin benchmark oil futures contracts and reduce fuel output from
refineries unable to afford them.
Crimping Libya’s crude flow comes at an inconvenient time. The world’s
thirst for oil is especially strong in diesel and other distillates,
which JPMorgan estimates will account for more than half the world’s
demand growth this year. Light crudes yield more diesel per barrel
than heavier crudes.
Environmental regulators are also clamping down on sulphurous fuels to
combat air pollution, boosting demand for low-sulphur , or “sweet”,
crudes. Europe this year limited sulphur content in fuels for some
machinery and on inland waterways, and in 2012 will expand the
restrictions to trains, according to the International Energy Agency.
EDITOR’S CHOICE
US supply report keeps oil under pressure - May-12.US floods set to
force up price of petrol - May-11.Taskforce to probe oil price
manipulation - Apr-22.In depth: Oil - May-10.Commodity hedge funds
upbeat after mauling - May-10.Energy Source: Rising petrol prices -
Apr-14..Similar trends are taking place in the US. The US Department
of Energy just sold 2m barrels of high-sulphur heating oil from a
strategic reserve and will soon be bidding for the same amount of low-
sulphur oil this summer, further stoking demand.
Before the crisis Libya produced about 1.6m barrels of oil a day, or
1.4 per cent of global oil output. At least half its production was
halted as of Wednesday.
Libya’s crude stream includes Es Sider, whose light density and low
sulphur content of 0.44 per cent makes it an alternative to light,
sweet global benchmarks such as the UK’s Brent blend or West Texas
Intermediate in the US. Repsol YPF, the Spanish oil producer, has shut
down the huge El Sharara oilfield 800km south of Tripoli, whose crude
is a mere 0.07 per cent sulphur.
“This definitely will have an impact. Those are high-quality barrels
that you will potentially lose,” says David Kirsch, market analyst
with PFC Energy, a Washington-based consultant.
Saudi Arabia, the de facto custodian of Opec’s 4.7m b/d of effective
spare capacity, will “meet any shortage,” oil minister Ali Naimi said
this week. But its oil is a poor substitute for Libya’s. Arab Light,
the leading Saudi oil by volume, is a relatively high 1.8 per cent
sulphur and heavier, so more difficult to refine into light products
such as diesel.
Some analysts are already drawing comparisons to 2008, when a shortage
of light crudes well-suited for diesel helped send Brent and WTI above
$145 a barrel. Brent reached $111 on Wednesday, a two-and-a-half-year
high.
“Growth in global diesel demand combined with tightening environmental
regulations will put increased pressure on demand and prices for light
sweet crudes,” energy economist Philip Verleger says. “This could be
2008 all over again.”
Analysts caution that the situation is in many ways different from
2008. Refiners have since invested hugely in turning heavy barrels
into light products. Global refinery distillation capacity is also up
3.3m b/d since 2008 to 92.5m b/d, says Toril Bosoni, IEA refining
analyst.
Commercial oil stocks in western countries, while declining rapidly in
the fourth quarter, in December still topped levels of December 2007,
the IEA reported. In the US, the 727m-barrel strategic crude reserve
contains 293m barrels that are low in sulphur. The IEA suggested that
Opec would act first to fill any shortfall from Libya.
But fearful times spur companies to add to stocks as a precaution.
Lawrence Eagles, JPMorgan head of oil research, says: “This kind of
uncertainty raises demand for inventories.”
thomaswheat1975
http://www.ft.com/intl/cms/s/0/82a2af8e-3f76-11e0-a1ba-00144feabdc0.html
-excerpt-
On Jun 16, 11:12 pm, Tom Jigme Wheat <thomaswheat1...@gmail.com>
wrote:
> "Nor is it a jihadist uprising. Nor is Gaddafi's accusation — and
> Republican Congresswoman Michele Bachmann's insinuation — that the
> Libyan rebellion is the first stage of an al-Qaeda takeover at all
> valid. Sure, there are some among the rebels who have links to
> Islamist militancy. But the rebels by and large reflect a wide cross-
> section of a country ruled for four decades by one rather crazy
> dictator, and include in their ranks esteemed secular figures —
> doctors, engineers, and CIA stooges."
>
> read more here
>
> Five Things the Conflict in Libya Is Not
> Posted by Ishaan Tharoor Wednesday, June 15, 2011 at 9:09 pm
>
> http://globalspin.blogs.time.com/2011/06/15/five-things-the-conflict-...
On Jun 16, 11:12 pm, Tom Jigme Wheat <thomaswheat1...@gmail.com>
wrote:
> "Nor is it a jihadist uprising. Nor is Gaddafi's accusation — and
> Republican Congresswoman Michele Bachmann's insinuation — that the
> Libyan rebellion is the first stage of an al-Qaeda takeover at all
> valid. Sure, there are some among the rebels who have links to
> Islamist militancy. But the rebels by and large reflect a wide cross-
> section of a country ruled for four decades by one rather crazy
> dictator, and include in their ranks esteemed secular figures —
> doctors, engineers, and CIA stooges."
>
> read more here
>
> Five Things the Conflict in Libya Is Not
> Posted by Ishaan Tharoor Wednesday, June 15, 2011 at 9:09 pm
>
> http://globalspin.blogs.time.com/2011/06/15/five-things-the-conflict-...