Libya - Another Barack Obama success story.
Posted on 10/12/2013 4:57:00 AM PDT by Madison Andrew
Gunmen yesterday seized Libyan Prime Minister Ali Zeidan from a hotel in central Tripoli, releasing him shortly afterwards, but making it clear that post-Gaddafi Libya is a failed state and that the government is incapable of taking full control over its oilfields and export terminals.
While the markets have been responding lately with unfounded optimism over Libya, anyone who has been privy to the intelligence briefings and executive reports from Oil & Energy Insider would know that announcements of progress emanating from the capital Tripoli are hot air. There are too many roving militias who want their piece of Libya’s fossil fuels largesse—and the government is impotent.See More at www.themoneytimes.com/featured/20131012/dont-be-fooled-libya-failed-state-id-1701713640.html
(Excerpt) Read more at themoneytimes.com ...
There is reference to the oil fields and terminals. I s oil being shipped?
Where is the money?
I would like to know more about this myself. I was there when the oil fields were just being brought in.
I was not fooled.
It’s my guess that the petroleum still flows, as does the natural gas. The few wealthy families of Libya own the wells. Some things never change. Just a guess.
Libya - Another Barack Obama success story.
Are they calling Libya a failed state just because it’s run by an incompetent who hates America, has no qualifications for the job, has no idea how to run a country, and can’t even provide basic government services (in part because he doesn’t want to)? How do those flaws make it different from America?
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