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NightWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-11 05:46 PM
Original message
Libyan oil sales will fund it's reconstruction
Has anyone said that yet?

NPR suggested this was mentioned at the London Conference on Libya, but has anyone said it yet?

Ryssdal: Well as long as we're talking about money and funding, what about once the violent stops, once the military campaign is over and the cost of rebuilding comes to mind, any discussion of that?

Beard: No, not at all. This is the great unmentionable. The assumption seems to be, first of all, on the military costs, that the coalition partners are going to shoulder their own military costs -- that in the case of the U.S., by the way, is $550 million and rising. But the cost of reconstruction, the assumption again is that Libya will pay for its own reconstruction. It has, after all, one of the biggest reserves of oil and gas in Africa. Last year it generated more than $30 billion in oil revenues for a country of only 6 million people. So the argument is Libya can easily afford its own reconstruction.

Ryssdal: I want to make sure I heard that right, Stephen, because we were told the same thing about Iraq. Deputy Secretary of Defense Paul Wolfowitz said Iraqi oil will pay for its own reconstruction. Did anybody bring that up today?
http://marketplace.publicradio.org/display/web/2011/03/29/pm-coalition-forces-meet-to-talk-about-next-steps-for-libya/



We know that Qatar is going to sell oil on the behalf of the "rebels", but what happens when a rebel leader becomes rich once output gets close to $150 million a day (130,000 barrels a day X $105 a barrel) once repairs are made? Are we to assume that this leader will be benevolent and want to share with the people of Libya whom we are currently bombing the shit out of? Who's to say the rebel leader doesnt become a dictator in his own right? Either way, we cant count on oil sales to be the saving grace of this police action/conflict/humanitarian mission (unless you're Occidental Petroleum or Shell)
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The_Casual_Observer Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-11 05:51 PM
Response to Original message
1. The rebels want nothing but their freedom, or so I'm told. "Oil? what Oil?"
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NightWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-11 05:53 PM
Response to Reply #1
2. have we even heard anything about the "rebels" who their leaders are, ideologies?
Could it be just another warlord, but a warlord who is friendly to us?
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The_Casual_Observer Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-11 05:59 PM
Response to Reply #2
5. Clinton seems to favor ONE guy who is providing council on this.
Seems like another Ahmed Chalabi deal. Why not? It worked so fucking well the last time.
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Lasher Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-11 05:53 PM
Response to Original message
3. Hee hee, just play those golden oldies from the past.
We have found the weapons of mass destruction. - George W. Bush, May 29, 2003
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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-11 06:04 PM
Response to Reply #3
7. Yep, they just keep crankin' out those golden oldies
:grr:
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snappyturtle Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-11 05:58 PM
Response to Original message
4. Weren't we told this before going into Iraq....among others? nt
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Autumn Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-11 06:01 PM
Response to Original message
6. Libyan oil sales will fund it's reconstruction
just like Iraq.:rofl: :rofl: :rofl: :rofl:
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daleo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-11 06:06 PM
Response to Original message
8. Payment will be in "Curveball bucks". n/t
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Distant Observer Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-11 06:08 PM
Response to Original message
9. Libya went from the poorest country in Africa to the highest quality of life by
Edited on Tue Mar-29-11 06:11 PM by Distant Observer
UN measure. It also has the most egalitarian distribution of incomes.

The west is now destroying the infrastructure development of 40 year so that they can reconstruct it.

The success of its social and economic policies made it an example to the rest of Africa and a shaming to other oil producing countries, despite the erratic antics of Al Gaddafi.
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Baclava Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-11 06:09 PM
Response to Original message
10. You know there's lots of smoky back-rooms deals being done right now.
The Arab League wants a bigger cut, Britain and France fighting it out behind the bar, bottles being smashed...

Busting up the old status-quo, handshakes and headlocks, slicing up the oil pie by some new players in the game. You betcha.

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Autumn Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-11 06:23 PM
Response to Original message
11. How many pallets of cash will we be
sending over this time?
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