Friday 18 March 2011

Mistake From Libya.

Sorry to go on about it but following Americas facepalm at the UN yesterday there is likely to be a whole cascade of fail over the coming days.

The Libyan government have started things off by announcing a ceasefire in response to UN resolution 1973(2011). This is based on a misjudgement that the resolution was passed out of a concern for human rights or democracy. It's not. Either Russia or China automatically veto any resolution that could be viewed as promoting human rights or democracy. In reality this resolution is all about oil.

I know that's an often overused slogan but in this case it is wholly accurate. Libya has the worlds largest untapped reserves of oil and natural gas. Up until yesterday this oil was earmarked for an American energy company. So Britain and France supported the resolution in order to steal the oil off the Americans because Qaddafi had tricked British and French energy companies into doing the expensive exploration work. The Gulf Co-operation Council (GCC) supported the resolution because if the Libyan oil reserves are brought to market it will allow them to cut the amount of oil they pump daily and in doing so extend the life of their oil reserves and increase the amount of time the are able to control the global economy by inflating the oil price. Quite why America supported the resolution is still a bit of a mystery but I suspect there was a Republican involved in there somewhere.

Calling a ceasefire is a massive mistake for the Libyan government because by acknowledging Britain and France's deceit they are giving it credibility and therefore allowing their enemy to dictate the terms of the conflict. This is a mistake that Libya has been making from the start but one that is going to become every more critical over the next few days as the morale of the rebels is expected to drop off dramatically.

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