Listening to MSNBC’s show, Morning Joe, this morning, a reporter by the name of Scahill was speaking about the use of covert operations by this President, quoting Cover Ops sources in saying that they had a free hand under this President, much more than the previous Administration. One of those covert operations had been to support the so-called Arab Spring, especially in Libya. Why? Well, come to find out, the rebels whom we have been supporting minutely, have started to suggest that China, Russia and Brazil will lose out on expected oil contracts, where as the West will gain. Brazil is a major emerging market; Russia is starting to come alive again; and China, well, we all know about China.
Italy’s Foreign Affairs Ministry has confirmed that the Italian oil company Eni SpA, the biggest foreign investor in Muammar Gaddafi’s Libya, has sent a technical team to assist production re-launch.
But other major oil producers are cautious about joining the race back to Libya. BP said on Monday that it would return to Libya to continue its exploration program “when conditions allow,” Agence France-Presse reported.
Still, analysts believe that oil giants could be the actual beneficiaries in postwar Libya, especially the countries that have shown the most support for the opposition. The Libyan opposition has hinted that some business contracts will be preferred if they win.
“We don’t have a problem with Western countries like the Italians, French and UK companies,” Abdeljalil Mayouf, information manager at the Libyan rebel oil firm Agoco, told Reuters. “But we may have some political issues with Russia, China and Brazil.”
This could mean that countries that have been calling for the Libyan conflict to be resolved through negotiations might see the loss of billions of dollars in oil contracts. US and European oil giants, meanwhile, might have the market left to themselves and perhaps new players like Qatar. (here)
What? Well, remember this, always:
Who did they thank?
So, what did we do? We supported the rebels against the Dictator while China didn’t. We did so without going into their country, except for 1 Trillion which we spent on missiles and the such. What is our benefit? No loss of life, ‘democracy’ in Libya, more oil contracts for the West, and none for China, Russia, and the up and coming economic powerhouse that is Brazil.
As a Democrat and an American, woot!, but as a Christian and one who watches history from a seat of arrogance, not liking where this is going.
- China, Libya and the cost of doing business (blogs.mcclatchydc.com)
- China looks to protect its assets in a post-Gaddafi Libya (guardian.co.uk)
- Western oil giants seek Libya deals as Brics lose. (thetruthiswhere.wordpress.com)
- China urges Libya to protect oil investments (telegraph.co.uk)