LIBYAN Civil War Breaking out LIVE

Discussion in 'Wall St. News' started by Grandluxe, Feb 20, 2011.

  1. Libya's second largest city has been captured by rebel units of the Libyan army.

    Gaddafi's son says protesters have seized control of military bases and tanks.

    Saif al-Islam Gadhafi said during a speech on Libyan state television that he said was unscripted. But if the unrest continues, "forget about democracy, forget about reform ... It will be a fierce civil war."

    Further reports suggest the 500,000-strong Tuareg tribe in south Libya has heeded the call from the million-strong Warfala tribe to join the uprising. Protesters in Ghat and Ubary, home to Libyan Tuareg clans are reportedly attacking government buildings and police stations.

    The leader of the Al-Zuwayya tribe in eastern Libya threatened on Sunday to cut oil exports to Western countries within 24 hours unless authorities stop what he called the "oppression of protesters".

    Libya has the largest oil reserves in Africa and exports 1.5 million barrels a day to EUROPE. 37% of it goes to Italy.
  2. Bob111


    oil up,market down
  3. Libya's oil isn't going to effect the US.

    the United States has most of it oil coming from Canada, Mexico and the Gulf of Mexico.

    Arabs account for a combined 40% or so of US oil imports.

    Unless SAUDI's imploded.. the US will be fine.

    However, the EU is far more dependent on Arab Oil. Will be interesting to see the EU's reaction if Libya does cut off oil to the west.
  4. toc


    Unlike Tunisia, Egypt and Yemen...............countries like Baharian and Libya are pretty rich, like among top 20 in the what is the unrest in these two nations all about? Is it just the 'revolution flu infectgion' or people are starving and have no jobs.

    Why can't these countries go for slow, steady and strong type market and social reforms, just the way China, India, Brazil went through and are enjoying the fruits of patience and persistence after 10-15 years and are still improving.

    Masses are fools and are vulnerable to becoming puppets of the real power holders who act behind the scenes.

    :D :D
  5. Libya is a small country so Libya unrest will not affect the world. But you never know.
  6. You're always bearish on everything......the end of the world is near! :D
  7. My name is bear-ice.
  8. Big polar bears weigh some 1000 kg and they will kill bulls in a fight.

    The world is safe for 5 to 10 years more but there will definately be cleaning or Ash.

    The Bible do not lie, is the word of God. This world should give rise to the kingdom of Christ, the “cleaning” is painful, but Jesus will restore everything. Who want to go with Him? Repent and join to Christ that you will have living with the eternal God, righteous and loving, the Lord of all the law of life, of love and peace, the true Light.

    Swearing, and lying, and killing, and stealing, and committing adultery, -they break out; and blood toucheth blood. For this shall the land mourn, and every one that dwelleth therein shall languish, with the beasts of the field, and with the fowl of the heavens, yea, the fishes of the sea also shall be taken away." (Hosea, 4:1-3)
  9. joe4422


    Chinese enjoying the fruits of patience? I'm not sure I agree with that. Hard to call the vast majority that make almost nothing, live in the most horribly polluted cities in the world, and have no future hope at all; people that are enjoying the fruits of their patience.

    In China they just simply shoot you if you protest. Do you know over 10K people a year in China go to dark prisons? This is where the women are freely raped, and men are tortured for the fun of the guards.

    I think the only people enjoying the Chinese economy are the few who are on top, the rest are being slave driven into misery.
  10. for some strange reasons your explanations remind me some of W. Bush's speeches.
    #10     Feb 21, 2011