Oil Investors: “Do not be fooled by Libya. This is a failed state”
October 10, 2013 (Investor ideas.com New wire) today Gunmen Seized Libyan Prime Minister Ali Zeidan of a hotel in the center of Tripoli, and released him soon after, but making it clear That post-Gaddafi Libya is a failed state and That the government is unable to take full Control of Their oilfields and export terminals.
While the markets have recently Respond with unfounded optimism on Libya, anyone who has had access to intelligence reports and reports Oil & Energy executives ads Insider Know That advances emanating from the Capital Tripoli hot air. There are too many who want Their Militias errant piece of fossil fuels generosity Libya and the government is powerless.
Nothing Demonstrates Clearly this more than the decision of Prime Minister Ali Zeidan on 10 October at the Corinthia Hotel in central Tripoli.
More to the point, the prime minister was kidnapped by militia Allegedly linked to Libya’s Interior and Defense Ministries, which makes one wonder if I was kidnapped or Detained, or even if it is even worth getting into semantics.
His arrest was not for oil, in particular was in retaliation for U.S. forces capture Dedicated to Suspected al-Qaeda in Libya in Tripoli over the weekend. Militant groups-many of Which controlling various branches of government impotence-was enraged at the capture of Abu Anas al-Libi U.S., wanted by the 1998 bombings of U.S. embassies in Kenya and Tanzania That killed more than 220 people.
Look no further, the National Congress of Libya, who insisted That the U.S. return the sensor, which is labeled as a kidnapping and a Violation of the national sovereignty of Libya.
After his release, Zeidan Prime Minister led the international media, Urging Western powers to intervene again. In an interview with BBC Could News night, Zeidan said the country was being used as a base for exporting arms across the Sahel, and That “the movement of These Neighboring country clubs endangers weapons also, so it must be the international cooperation to stop it. “
In any case, the situation Should be clear, even for enthusiasts of Libya are under the impression That It is a state Functioning. Ali Zeidan Day are numbered and no other direct Western intervention.
This is the same reason That the oil can not flow as planned.
In Noted in an executive report on Libya in September of Oil & Energy Insider, the Crisis Began two years ago With The overthrow of Muammar Gaddafi in August but things took a definite turn for the worse, With armed groups take advantage of the main oil terminals export and demanding autonomy for the eastern region. Now has come the crisis, west, where other militant formations ominously charged with guarding the country’s pipelines and oil fields are trying to use the momentum of the strikers and Demonstrators in the east.
The interim government can not handle this crisis. It has Already been forced to compromise, agreeing early September to a 20% wage increase across the board for Public Officials, treats including the security forces of oil In this mixture. At the same time, the government has issued arrest warrants against organizers of the strike in the east.
While the government will not Be Able to Fulfill These orders, the decline of this will be serious and will result in a violent uprising. Unlike Anything Else in the last two years. This will impact entertained by the Sahel region and unstable, threatening the security in Tunisia and Algeria more immediate. Also is leading to a shortage of overall oil supplies.