Friday, May 27, 2011

Libyan rebels out of oil business?

Not anticipating the emergence of a stalemate and the creation of two Libyas may have thrown an unintended monkey wrench in plans by Western powers and Arab allies' desire to allow Libyan rebels—now called the Interim National Council—to sell captured oil.

According to published reports, the complexity of sanctions of Libya may mean companies wanting to do business with the rebels do so without political or legal cover.  Read more...

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