Libyan Rebellion Halts Oil Exports – Funding Crunch Imminent
by Tyler Durden
Europe is not the entity facing a funding crunch this morning. Just out from Reuters:
•LIBYAN REBELS UNLIKELY TO EXPORT MORE CRUDE UNTIL PRODUCTION RESUMES – OIL OFFICIAL
Which means that Gaddafi has now managed to isolate and send the Libyan rebellion, armed with a central bank before they even had a constitution, on the road to insolvency. Which also means that should CIA efforts wish to be successful, especially in light of recent inability by NATO to continue the air superiority campaign due to lack of munitions, America will have no choice but to either directly provide funding to rebels, or puts marines directly on the ground: both moves which will likely not do much for the president’s popularity rating.