Monday 21 March 2011

FT Alphaville » Oil and the cash battle in Libya

Coalition forces over Libya are not trying to kill Gaddafi, or to co-ordinate air strikes with the rebels, the Pentagon said on Sunday.

Assuming that’s true…

We could get a long war. In that case, FT Alphaville will go back to something weasked before. Between Gaddafi and the rebel forces, who could get enough cash to build a military advantage and retain loyalty — and where could they get it from?

Right now, we reckon the question could be about to affect the oil market’s view of Libya’s lost production even more.

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