iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,460 Blog Posts

U.S. Whores itself For Libyan Oil Reserves

Sorry to come out all anti-war and shit, but this is ridiculous. There is a vicious civil war in the Ivory Coast right now. Shouldn’t we, as the world police, bomb the fuck out of them, in order to secure cocoa reserves?

Answer: NO

So, Obama got elected by pissing on Bush’s foreign policy decisions, decrying the war in Iraq. He campaigned on the promise of bringing peace and avoiding foreign conflicts, yet here we are “protecting the people of Libya.” Hmmm, that’s interesting.

What’s even more interesting is France’s overzealous demeanor to interfere in Libya’s private affairs. I mean, after all, did we interfere in the countless genocides taking place in Darfur?

Let’s take a peak at Libya’s oil reserves, shall we?

According to the EIA, Libya has 46.4 billion barrels of proven oil reserves, of the light sweet variety. Oil experts consider Libyan oil to be of the highest fidelity.

Twenty Eight percent of Libyan oil exports go to Italy, while 15% to France, the two largest markets for Libyan madman, Ghaddafi.

In my opinion, this will lend to strength in Brent crude and widen refining margins even further. The asshat analyst from Barclay’s who said refiners would trade lower, as the spread between Brent and WTI crude tightened will be wrong, immediately. Moreover, I don’t see how the allied forces will be able to oust Ghaddafi, without the presence of ground troops. In short, this will drag on for awhile and will boost the price of crude.

It’s fucking shameful that we are spending millions of dollars on a conflict that is none of our business, especially at a time when we need to be fiscally conservative. Remember, we are not really protecting “civilians,” but rebels armed to the teeth, capable of knocking out Libyan fighter jets from the sky.

NOTE: We fired 110 Tomahawk cruise missiles so far, at $569,000 per missile. Let’s see, 569k x 110= Long RTN. Obama just created a handful of jobs for Raytheon. Well done, Sir.

Fuck Obama.

NOTE: We have a new iBC Financial News page web design.

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163 comments

  1. It's a wild world
    It's a wild world

    Fiscally conservative.

    Two words not currently in the vocabulary of the U.S. government at this time. Move along & keep spending.

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  2. ryan

    Explain why France would want to change the status quo in Libya if that’s where they get a good chunk of oil? Doesn’t this put some risk to their supply? Couldn’t Gaddafi just freak out and take out oil distribution channels.

    I guess the question is? What’s your point? Yes, American can’t afford it, but I don’t see the connection to oil as much as the made up war in Iraq that was completely made up for war.

    Another way to look at it – wouldn’t the alternative – mccain – blow up everything and spend every american dollar on war?

    just not seeing your point outside of just hate for obama.

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    • The Fly

      I voted for Obama.

      Ghaddafi ruined his credibility by going full retard. There was no way France could do business with Libya after this shit. So, the alternative is intervention.

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      • ryan

        fair enough response.

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        • The Fly

          Maybe it’s just me, but I am sick and tired of the perpetual war machine. It does not benefit me, only raises the stakes, further in debts my country and makes for higher oil prices.

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          • logicalthought

            On CNN they just said that we have a whole new generation of cruise missiles that can hover over an area and then be targeted remotely, but we haven’t been using those yet because we still have so many of the older ones. So, as long as we have to clear out the “old inventory” anyway, we might as well put it to good use. I mean, imagine if back in 2001 after Cisco took that $2.5 billion inventory writedown, it actually got to BLOW UP the inventory!

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          • WTF

            Haha, now that’s what inventory-restocking-led-GDP-growth is!

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          • CongaChile

            Absolutelt, the US military is a huge consumer. I remember hearing recently the cost of transporting a single gallon of diesel to the outreaches of Afganistan. Don’t remember the number, but it was mind numbingly huge.

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  3. jg

    werd

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  4. Pete

    Guarantee if Obama was a republican Mr. Jake Gint would stand behind Obama 100%…But since Obama is a Democrat, fiscal conservatism is more important. If it was Bush, he would be all for this action. True story

    I laugh at the silly games republicans and democrats play every election.

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    • The Fly

      I supported Bush’s wars, not because he was GOP, but I believed.

      I learned from that bullshit.

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      • Frank Gamwell

        WOW, thanks for sharing that.

        I felt that Iraq was BS from the start and couldn’t stand Bush from Day 1.

        I’m fed up with this perpetual war shit too. The only time the GOP is fiscally conservative is when they are not in the White House. Who the heck can they run to beat Obama in 2012? Romney. Romney makes John Kerry look like he has convictions!

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    • Bullish

      Agrued! I can’t wait to hear Glenn Beck’s spin on this one.

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    • JakeGint

      Go fuck yourself, Pete.

      _________

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      • BlindReadAnt

        What do ya bet Pete’s a registered independent? Arrogantly impartial, they’re never wrong. If only they were a little less genetically aberrant, they’d find their mute button and return to voting the right way.

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        • arizonaborderguard
          arizonaborderguard

          Makes no difference what party you say you are(for/against). They are all the same, run by the same elite that sit atop this pyramid. The agenda is the same. Who do you think pics these mindless leaders that are paraded in front of us? YOU certainly do not. These candidates are the best puppets money can buy. They say, here you go Americans express your freedom by choosing one of these fine puppets. That is exactly why you will never see a sane person like senator Ron Paul or anyone remotely like him get on the ballot. They simply can not be bought and controlled by the ones running this show.

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  5. Cuckoo Bird

    Save our cocoa. Obama DOES need to invade The Ivory Coast. “Cuckoo for Cocoa Puffs”.

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  6. mike

    http://meagainstthem.com/2011/03/page/2/ scrll down to 3rd photo

    I’d rathther be safe and I supprot my gov to keep me safe and provide cheap oil. So, i can buy iStuff and lots of caca. i luve the way technology has amplified the velocity of obsolescence. It’s patriotic to buy stuff.
    BTW, anyone know the cost of ordinence?

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  7. JakeGint

    I for one care more about strategic cocoa reserves than I do about Libyan earl.

    _____________

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  8. Highsurf

    Immoral though his actions may be, still pretty lucid for a madman: “… What would you do if you found them controlling American cities with the power of weapons? What would you do, so I can follow your example.”

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  9. Highsurf

    And while we’re at it, can we please invade Somalia now and flush out all the pirates? We could use Blackhawks…

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  10. Hugh Hendry

    FIG

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  11. Stock Man

    Also note that Egypt today has recognized Gaza and I suspect will now allow weapons to pass through the Sinai as they allowed with 2 of the 3 Iranian ships. Within hours Hamas lobbed some 50 missiles into Israel for which they retaliated with tank fire and planes. Thus, the peace treaty between Egypt and Israel will be broken and it’s Steve The Neighbor back into the Israeli Defense Force for action Egypt is now with Syria and Iran. Another brilliant Obama move- some Democracy movement.

    http://hosted.ap.org/dynamic/stories/M/ML_ISRAEL_PALESTINIANS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-03-19-10-02-15

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  12. Bullish

    The people over there are being bullied by a madman (Kadaffy Duck aka Ghadafi).

    This is about saving those people. The fact that they have high fidelity oil is just icing on the cake.

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    • The Fly

      So why should we interfere in Libya and not Ivory Coast?

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      • Stock Man

        Or Darfur,Iran,Congo,Abidjan,Zimbabwe,Chechnya,N.Korea, and on and on and on and so forth and so forth, etc. etc. etc.

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      • JakeGint

        Or Sudan?

        Or Rwanda, in the case of Clinton, when a million were butchered, with machetes, no less?

        ___________

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        • Bullish

          The truth is there are all sorts of fucked up places in the world. I think we should do something about all of them. However all the other pansies in the UN and will do nothing.

          If the US goes it alone we get labeled as war mongers, then noone else wants to help. We don’t have the resources for that.

          I’ll just keep praying for world peace.

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          • Taco

            United Nations as a provider of solutions for people? You’ve got to be fucking joking.

            The IMF and World Bank are the PRIVATELY OWNED financial arms of the UN, and the private owners don’t give a flying fuck about any living thing on the planet except their own bloodline.

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        • Bullish

          My response included praying… must be why its awaiting moderation. I know Fly frowns on that.

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          • checklist

            thats quite interesting…

            we can’t pray for a higher market tomorrow?

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  13. WTF

    Scenario 1. Power struggle in an oil-rich country controlled by a tyrant.
    (A) Respect international law, let the authorities make use of arms to suppress opposition, but recognise it as internal affairs of a democratic government.
    (B) Respect international law, let the authorities make use of arms to suppress opposition, but impose economic sanctions.
    (C) Disregard international law, invade the country, topple the government, redistribute sovereign wealth between allies.
    Correct answer: C

    Scenario 2. Power struggle in a poor country controlled by a dictator.
    (A) Respect international law, let the authorities make use of arms to suppress opposition, but recognise it as internal affairs of a democratic government.
    (B) Respect international law, let the authorities make use of arms to suppress opposition, but impose economic sanctions.
    (C) Disregard international law, invade the country, topple the government, redistribute sovereign wealth between allies.
    Correct answer: B

    Scenario 3. Power struggle in a powerful developed sovereign nation (possibly having nukes).
    (A) Respect international law, let the authorities make use of arms to suppress opposition, but recognise it as internal affairs of a democratic government.
    (B) Respect international law, let the authorities make use of arms to suppress opposition, but impose economic sanctions.
    (C) Disregard international law, invade the country, topple the government, redistribute sovereign wealth between allies.
    Correct answer: A

    Hmm, decisions, decisions…

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    • arizonaborderguard
      arizonaborderguard

      Exactly wtf, your country doesn’t have any exploitable resources(or not defensible by hydrogen bombs) massacre at will.

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      • arizonaborderguard
        arizonaborderguard

        The only thing saving North Korea or any other country that won’t fall in line with are bullshit is if they can defend themselves with BIG FUCKING BOMBS. When I start my own country my first move will be to acquire BIG FUCKING BOMBS so I can be free to live my life like I choose. Any country that does not posses BIG FUCKING BOMBS leaves itself at the mercy of the one that do. Do you see the motivation at work here to have BFB’s?

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  14. uncle har

    hear, hear.

    wrong move to get involved and we better let them fight amoungst themselves.

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  15. theedge111

    Gold and silver trade back on Monday. The whole world has gone full retard.

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  16. xxxHuggieBearxxx
    xxxHuggieBearxxx

    I’ve thought a lot about this and i think there is a pretty reasonable rationalization for why intervention is appropriate here where it may not be in the Ivory Coast, for example.

    In this case, Kadaffy had basically lost the confidence and vote of not only most of his populace, but of much of his government as well. Unfortunately, he and his family have many billions of dollars of personal wealth amassed directly from the west through rapage of LIbya’s oil reserves. As we all know by now, Kadaffy literally used those funds to import an army of ruthless (and extremely poor) mercenaries to sow terror in an effort to maintain his rule.

    Simplify this all down and what you really have is a guy, who appears to be fairly kooky, viciously murdering a large populace using funds gotten directly from the west. Without the west, without our oil money, he would never be able to afford the billions of dollars necessary to suppress the population of an entire country.

    Obviously, he is clearly someone we would not be able to do business with going forward, and that makes the decision even easier.

    If you don’t think the US, or at least the west, is almost directly responsible for what is going on there, you would be mistaken. Kadaffy only exists because of the west (at least, the kadaffy you know).

    Comparing to the ivory coast is just an apples to oranges comparison. You would have a better argument if you questioned why we are letting violence against the populations in Bahrain and Yemen take place.

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    • WTF

      Huggie, you’ve overrationalized this. The West didn’t like Kadaffy at power in Libya but had to cope with that. Now there’s a good excuse not to. Hence the “no-fly zone”. As old as time. “Bellum sacrum” if one substitutes “ideology” for “religion”–whatever the justifications, money and power always lie behind.

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      • xxxHuggieBearxxx
        xxxHuggieBearxxx

        sure, that may be the reason. but the fact remains, money from the west has created the huge imbalance of power that allows kaddafy to subdue an entire country. In the normal ebb and flow of civilazations this would be self-correcting, but it became apparent that it would not.

        So, in my view, there are multiple good reasons…some greed and “realpolitik” based, and some more driven by the responsibility we own as a result of enriching the kaddafy family and creating an imbalance that cannot be corrected from within their own country.

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        • arizonaborderguard
          arizonaborderguard

          I get it huggie, the united states has interfered with the natural “darwinism” of things. So that didn’t work out so well so now we need to interfere again to correct are first correction. This sounds very familiar to me….I just can’t think of…..wait…..oh yes like our economy.

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          • xxxHuggieBearxxx
            xxxHuggieBearxxx

            yeah, i think that, actually, pretty much is it….well put, sir.

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    • Taco

      The moment killing becomes some sort of a solution is the momemt civilization has collapsed.

      What’s left to kill for?

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  17. Juiceyfruit

    I disagree. Taking part in the coalition against Gadaffy is the right thing to do. I was never for the Iraq invasion. The other countries mentioned above are not the US responsibility. There needs to be a global police force to handle injustices & corruption worldwide.

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    • unchained

      Team America: World Police?

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    • Range_Ryder

      Global Police Force to handle corruption…hmmm…..the exception of course would be “NOT IN MY BACK YARD!!”…oh the injustice….

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    • Taco

      So who is policing the God-less, genocidal, corrupt, power-hungry “police” that’s doing the “policing”?

      Do as I say. Don’t do as I do.

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      • Taco

        All this communicates to 6 billion people on the planet is that if you have the biggest stick, you get to play Mother Fucker From Hell.

        According to the I Ching, all energy eventually changes into another energy form. The current archetype of the American policeman will eventually be decimated by its own corruption, from within. The foundation this moral philosophy has been built upon is a house of cards.

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  18. kedzilla

    Double dip recession ftw!

    Good to see Stevie Harper providing oral pleasure to Obama and coffee and donuts for everyones troops.

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  19. Doc

    The UN and IMF are American financed Frankenstein monsters.

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    • Taco

      Correction:

      The UN and IMF are financed primarily by international central banking families.

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  20. Tripoli Tom fka Baghdad Bob
    Tripoli Tom fka Baghdad Bob

    Hello again comrades. You may remember me as ‘Baghdad Bob’ but I have now been hired by the Colonel and I am now Tripoli Tom. Obama wanted to call me Libya Larry. That did not sound cool.Too much like the Stooges. No matter. I have a battle report for you infidels. My feelings – as usual – we will slaughter them all. God will roast their stomachs in hell at the hands of the Colonel. We have them surrounded in their tanks. We have destroyed 2 tanks, fighter planes, 2 helicopters and their shovels – We have driven them back.
    That is all.

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  21. unchained

    Conversation at White House:

    Advisor: “The UN just passed a resolution re: Libya”

    Obama: “Hmmm.. Do we really want to involve ourselves in all of that? We’re in such a mess as-is”

    Advisor: “If we don’t then we won’t be able to ‘direct’ all that free oil when he’s gone”

    Obama: “Bomb them back to the stone age.”

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  22. Frog with Head Made from Cement
    Frog with Head Made from Cement

    The pres is saving the economy– or at least the huge military industrial complex portion of it. No matter what party the pres and Congress are from, thye will always save the military industrial complex, because these companies are big political campaign contributors. No matter which party is in power, we always have the best government, and the most wars, that corporate money can buy.

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  23. Frog with Head Made from Cement
    Frog with Head Made from Cement

    Obama did get elected by lying. What U.S. politician ever got elected by telling the truth? People don’t like to hear the truth. It’s not pretty enough.

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    • Taco

      Obama got elected because he licked the inside of David Rockefeller’s asshole at a secret meeting of the Council of Foreign Relations.

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  24. One Guy

    Fly, you are a weak man and an embarrassment to this great nation. GFY.

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    • The Fly

      your mother is a whore, MDAWZ. How’s that for bold?

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      • HalfBloodPope

        I open this page before I herd sheep at work all day for a quick laugh and some insight into the retardedness that calls itself the market. Just got that laugh via “your mother is a whore.”

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  25. Hancock

    Can someone explain why we are doing this in Libya. Is it for the 3% of the oil we get from them? I’m curious.

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    • arizonaborderguard
      arizonaborderguard

      MONEY! It is behind everything.

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    • drummerboy

      this is frances’ fight,just as much as it is italys’ and the eu, if you’ll notice,obama wasnt to keen on this shit.it took a “quick” un resolution for sarkozy,who by the way wanted in before a resolution, and force obama to “contribute” a show of unity. besides obama was too busy shopping oil from pbr

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  26. Goldie

    All the shit is clearly explained in “Confessions of an economic hit man”

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    • Taco

      God bless you. You can read AND you have a brain. AND you trade.

      Go reproduce like a fucking rabbit. The world needs more of you.

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  27. Goldie

    All this shit is clearly explained in “Confessions of an economic hit man”

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  28. MC

    First I must congratulate IBC on your new and improved news site. Very Nice….

    The discussion about America’s foreign policy is one near to my heart. For many years I have been urging my fellow citizens to consider a non interventionist theme. Our country has many internal challenges to face without looking for external ones. As the great Marine Major General Smedley Butler put it, “War Is a Racket.”

    http://en.wikipedia.org/wiki/War_Is_a_Racket

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  29. xxxHuggieBearxxx
    xxxHuggieBearxxx

    Fuck all, only thing i know is i am well positioned for a patriotic, war-time rally that is likely to blow up on Monday.

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  30. Stocksrider

    To the readers – if you are a political idealogue and you believe that your party represents your values, you are fucking stupid. You deserve to be fucked over by your and all the parties… over and over. And yes, the War in Libya was never about protecting the innocent. Get a grip.

    As for oil, I always keep coming back to this clip and volumes it speaks:
    http://www.thedailyshow.com/watch/wed-june-16-2010/an-energy-independent-future

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  31. Baron de Rothschild
    Baron de Rothschild

    Oil is only a part of the corporatist show. The US is raining Tomahawk missiles down on Libya. Tomahawk missiles are manufactured by General Dynamics and by Boeing. What corporatist entity is a major holder of stock in those two companies? That would be Blackrock.

    A few weeks back, when Obama offered Israel $2.2 billion worth of free F-35s, if Israel agreed to stop building on the West Bank for just 90 days, the big winner was to be the defense contractor who manufactures the planes, Lockheed Martin. The big loser, of course, would be the US tax[payer. Who is one of the largest institutional holders of Lockheed? That, too, would be Blackrock.

    The biggest holder of Blackrock stock is Merrill Lynch. Merrill Lynch is owned by Bank of America. All roads lead to the six giant Wall Street holding banks, who now have assets that equal 63% of US GDP.

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    • Baron de Rothschild
      Baron de Rothschild

      It looks like Raytheon is not the largest manufacturer of Tomahawk Missiles. The second largest holder of Raytheon stock is Blackrock. One of Blackrock’s biggest stock holders is John Paulson. There’s big money in war profiteering. Blackrock’s stock had fallen by 20 points over the last month. It should be coming back now.

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    • Po Pimp

      Blackrock is one of the largest holders of pretty much every company. They fuggin’ rule.

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      • drummerboy

        funny you say that,all the time i look at a stock in the ppt, and you look at institutional owners, there they are.

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        • Po Pimp

          Exactly. I noticed the same thing when scouring the PPT. That’s where my “brilliant analysis” came from.

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      • alphadawgg

        Blackrock is into heavy metal, too. Their corporate logo is a goathead.

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        • drummerboy

          thats right,i play all the drum parts.bob dole is the bassist. man, can that dude throw back the lines………….lol

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  32. Obama W Bush

    Sir Fly,
    Since you want to tell me how to run this country, maybe I should show up and tell you how to pick stocks?

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  33. Spooky

    I was actually worried that Obama would pass on this fat pitch–because that’s what it is. Politically, militarily, and diplomatically. The proper analogy is not Iraq, it’s the bombings that saved Sarajevo… If the West had allowed Quaddafi to slaughter his own people and hold onto power, it would have looked pretty bad for both the US and the Europeans. Kudos to Sarkozy for understanding that there was a lot of credibility on the line here. The arab street supports this intervention, and this will go a long way towards undoing the credibility gap of the US in the mideast.

    I imagine a reborn Libya, one no longer in bed with Chavez, Hezbollah and N. Korea.

    There is also the little business about the fact that my high school girlfriend’s sister, then a student at Brown, was blown up over Scotland.

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    • JakeGint

      Guy who sat behind me in homeroom in high school got it in Lockerbie too. He was a Syracuse student (freshman).

      That doesn’t mean your rationalization is complete hypocrisy given your Bush-Iraq rantings, so sorry.

      __________

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  34. Yabollox

    At least we should take the oil this time instead of leaving it in Iraq. Spend billions, get our guys killed and maimed, and then not take the treasure.

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  35. Spooky

    I agree with you in supporting this intervention. I, too, opposed the Iraq invasion. But who will police the global police force. God? We all know how well the US has done its policing job. I’m the radical center: the world, like investment and trading, should be handled on a case-by-case basis. This is, as I say further down this comment thread, a fat pitch, and if Obama doesn’t hit it out of the friggin’ park, shame on him.

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  36. Yabollox

    Qaddafi is more dangerous because he has resources. This should have been done 30 years ago. (Reagan did in 1986 in a limited way). The Scots had the Lockerbie bomber locked up (a Libyan dude) The Libyans pleaded cancer, dude would die in 3 months, so let him go home for humanitarian reasons. The Scots did, but the guy did not die. He lives like a prince as a National hero. Qaddafi is a lying scumbag, he has been for 40 years. But we are so nice we believe him again and again. Ivory Coast is not a strategic location. It sucks for them I guess. But it pretty much sucks for anybody not born in a western style democracy.

    Libyan oil has about the highest national royalties, 92% or something like that. Big oil doesn’t much care if they pump it out or not.

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  37. Tripoli Tom fka Baghdad Bob
    Tripoli Tom fka Baghdad Bob

    Battle Update. FOR IMMEDIATE DISTRIBUTION, especially to my friends at MSNBC and The New York Times.
    We will welcome them with bullets and shoes- especially those fancy Florsheim Shoes. The cruise missiles do not frighten anyone. We are catching them like fish in a river.
    The United Nations….[is] a place for prostitution under the feet of Americans. Obama is the leader of the international criminal gang of bastards and we will throw big shoes at him.
    Any jobs for me over at MSNBC or even CNN?

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  38. POTUS

    I don’t like all of this bad talk about me. I was simply pissed off that I screwed up my NCAA Bracket picks today. And all of you IBC readers are the first to know. I have decided to call the military operation “Barack and Awe.” Get it ? Shock and Awe. Well, Michelle liked it and so did my new friend Dick Cheney.

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    • Dick Cheney

      Would you like to join me on a hunting trip?

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    • Barack Hussein Obama (Barry Sotoro)
      Barack Hussein Obama (Barry Sotoro)

      How about “Operation Desert Hussein” -After my self-given middle name when I became a hater of freedom?

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  39. Hancock

    Why not go on a nice spring turkey hunt with your new friend Dick. He can show you how a shotgun works…… no worries though, he’ll give you a head start.

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  40. Colonel von Ryan
    Colonel von Ryan

    Obama could have done this three weeks ago, arrested Gadaffi and been done with it but he is inept and morally corrupt. So I agree with Mr Fly, this war is a waste of time. So we’ll fly around for a couple of years just like we did under Clinton, not changing anything on the ground except making it worse for the civilians that get slaughtered for no good reason.

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  41. Fly Leech

    Rumor has it that Obama sent in some helicopters to rescue Ghaddafi but they crashed in the desert due to mechanical failure.

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    • Fly Leech

      Oh wait… that was Carter. I get them confused.

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      • Hancock

        Hahahaha…… Obama just put solar panels back on the White House just as Carter had done. They are more and more alike.

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  42. ckalt

    If you love POMO then you must love war. They need each other.

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  43. jande9

    What’s wrong with just slipping the rebels cash and guns, like in the old days. Its cheaper, works just as well, and you don’t get your hands dirty.

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    • Spooky

      Because they would have been dead long before you could get it to them. See?

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  44. Frog with Head Made from Cement
    Frog with Head Made from Cement

    If someone could fix things so that no one could ever make any money off of wars, or off of putting vile dictators in power, world peace and world freedom would arrive immediately. Someone please figure out how to do this right away.

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    • drummerboy

      just like POLITICICIAN SEATS SHOULD ALL BE ON A VOLUNTEER BASIS. solved that problem !

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  45. barberosa

    How much say does a country who owns a shit-ton of our debt, like China, for example, have in whether our armed forces get deployed in remote regions?

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  46. dvk1970

    I am wondering what Khaddafi stll has in his pocket. He knew this move was coming for a long time http://migrantsatsea.wordpress.com/2011/03/07/gaddafi-if-libya-is-threatened-thousands-of-immigrants-will-invade-europe-from-libya/

    Europe will miss him as a investor http://en.wikipedia.org/wiki/Libyan_Investment_Authority

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  47. dan scallion

    we could pay for this with a new deck of cards ( so we know who the bad guys are ) available at amzn for say twenty bucks a pop or hey lets get the big oil fervor a little hotter then slap them with a windfall profits tax . now we have a reason to open the strategic reserve to drive down prices at the pump but wait a while until we are further into the election cycle . time to turn off the news and watch the charts

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  48. Bullish

    Watching Fox News cover the Libya operation is hilarious… on one hand they say Obama is a pussy because he isn’t taking complete control over the operation and not leading, on the other hand how dare he spend 65m in one day by throwing bombs on them!

    Fox needs to make up its mind on which argument they are taking on this one.

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  49. Frog with Head Made from Cement
    Frog with Head Made from Cement

    Although money seems to decide which wars the U.S. gets into, there are certainly worse reasons to go to war than the reason of preventing a mad man from committing mass murder . We can only hope that Spooky, in the posts above, is correct in guessing the outcomes of this move– & that we will be able to get it done quickly rather than startomg another war that seems to last forever..

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  50. Quint

    You’re missing the point…The US is like Michael Corleone – “I don’t feel I have to wipe everybody out. Just my enemies.”

    Anyone that pissed us off in the past we are revisiting, like it was Baptism day for a nephew.

    Afghanistan, Iraq and now Libya – soon it will be Iran…settling all family business, so in 5 years we could be completely legit.

    And the US needs to keep the military employed – like Eisenhower warned you.

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    • WTF

      Well, then the French and the British should be in the “to do list”, too.

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      • Quint

        We already beat the crap out of them…no need to revisit.

        The question is will we go back to North Korea and Vietnam….probably not…for now.

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  51. xxxHuggieBearxxx
    xxxHuggieBearxxx

    Hey Im startin to think FLY don’t love freedom!? Man what in the hell is goin on round here with all these freedom haters n terrrists???

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    • Mark

      Freedom is earned, not given, and often through blood. Time for freedom lovers to stop outsourcing the blood letting part to US servicemen and women.

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      • Taco

        Freedom is free and it is available to every living thing at any given moment.

        To pretend otherwise is a twisted version of reality.

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  52. omen

    This is such complete BS, this Libya thing… There are countless places in the world where the situations are much, MUCH more dire and much more in need of international support, but do we go there?? Nooooooo….

    Obama is a total hypocrite here. I mean, image, just imagine, if John McCain had won, and HE was doing what Obama is doing now. What would the media/public/Democrats’/etc reaction be?

    Exactly…

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    • Frog with Head Made from Cement
      Frog with Head Made from Cement

      Every politician is a total hypocrite. To succeed in that job, one must tell pretty lies to the public while catering to the interests of corporate campaign contributors. So what else is new?

      I am not saying we are going into Libya for only good motives. Am just saying, since no one asked me whether to go in or not, that I hope something positive comes out of it, as surely it could, since it is preventing a mad man from mass murder of his people.

      And if McCain had done it, the most watched news station in the country would be singing his praises and their followers would be singing along.

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      • Taco

        To succeed as a politician, one must be a member of the proper privately owned thinktanks and be on board with the agendas of those thinktanks, or one will never even have a stab at the election cycle.

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  53. GYSC

    What a mess re Libya. Anyone think the monster Italian oil % is why this was done? They have enough problems with their debt sales, this could be another form of a PIIGS bailout.

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  54. Quint

    Wasn’t Jake in NC recently? Maybe this is why he is not going to blog anymore…

    http://charlotte.fbi.gov/dojpressrel/pressrel11/ce031811.htm

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  55. buylo

    A better way to handle this would have been to send 5 old cruise missiles into Tunisia, defenses be gone and, their fearless leader is already out so you don’t have to worry about him. By bribing a guy or two on the cheap, you could have brought in BP, Shell, Total, Conoco, Oxy, etc. and let them drill sideways into the Libyan oilfields. No fuss, Gus, mission accomplished at a much smaller cost to us taxpayers.

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  56. BlindReadAnt

    Fresh off the tweet from Pliny the Elder: Part earthling, part shooting star traveler his orb can explain: now that Asia is at prime churn, it’s continent Africanus, by 2100, the vampire-empire-umpire now shall yearn. On this note, Wal Mart and Coke will continue to pay dividends.

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  57. Mark

    Well said, Fly. I feel bad for the people of Libya. But revolution isn’t easy, and your Darfur example is a good one. How come us “civilized” countries have let that go on for years now without direct intervention, but somehow Libya needs to be a priority?

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    • Frog with Head Made from Cement
      Frog with Head Made from Cement

      We have to have a “strategic interest” in the country to go in, according to the rule book. We shouldn’t have let Darfur go on, speaking from a humanitarian point of view. But our political campaign contributor corporations didn’t have a whole lot to gain by us going into Darfur, or to lose by us not going in, so we didn’t. Presidential & Congressional campaigns are financed by taking care of these corporations’ interests. The voters’ ideas are not considered when making actual political decisions, only when concocting lies to tell to the voter in order to get votes.

      If a politician ever told the truth, he or she would say “I am going to screw you six ways from Sunday & make up logical sounding reasons about why I supposely did what I did. And I’m going to give my campaign financiers everything they ask for., pure & simple”

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  58. Honolulu Trader

    Off Topic – what ever happen to hawaii trader? MIA

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  59. Quint

    AT&T buying T-Mobile…let’s see if the gov’t geniuses allow this to happen….this can’t be good for Sprint.

    I mean what could be wrong with a duopoly in wireless offering no choice and co-ordinated pricing?

    Should be great for the consumer, NOT.

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  60. J. Livermore

    Breaking news: Loud explosion heard near Gaddafi’s la toilet.

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  61. Vegastrader

    Well said! The Fly for President!

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  62. The Fly

    I am a turncoat

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  63. The Fly

    Turncoat!!

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  64. Marc A.

    Agree, the cursing discredits your opionion quite a bit. just an opinion

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    • Taco

      You are a small speck of a turd in a very large Universe. As if your opinion matters. Pretending it does is pretty fucking arrogant, IMO.

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  65. Dale Bailey

    Test run in preparation for Iran.

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  66. alphadawgg

    I am tired of watching and hearing all the bad news. That is why I am watching Star Wars VI: Return of the Jedi, on Spike TV.

    Those Ewoks are still cute even though they are fierce spear-wielding furry critters.

    I also never realized how hot Carrie Fisher was back in 1983. Lea-yah!

    All warmongers are in danger of damnation……

    Back to Star Wars…..

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  67. xp

    I see your point Monsieur le Fly. What everybody seems to be missing is this:
    The USA is an empire. The empire has secured, long time ago, all commercial routes, naval or aerial.
    The empire needs to have access to any energy source. In this case, Libya, even if the USA does not get the oil form Libya, the access needs to be as easy as possible.
    For now, the Arab world is the single place on earth where a new empire can be formed. Having wars in the arab world, even if the wars are not won, makes any new empire very difficult to define.
    That’s in short the external policy of USA.
    We may not like it, but we profit from it if we live in North America…

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  68. Sean

    I lol’d

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  69. Sean

    I lol’d

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  70. Sean

    I lol’d

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  71. John

    RIGHT ON America WAKE UP this is what our country is doing – Robbing people of oil

    Bombing 122 missiles – why not just 1? and take out Gaddafi? if that was the real intention our gov’t makes me sick!

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  72. Rama

    I think our government understands the economics of war a lot better than we do.
    How much does it cost the country if we toss some missiles at Lybia?
    How much does it cost the country if gas goes up another $1.00 / gal everywhere?
    If the war gets drawn out, then it may not be worth it…
    But from a materials perspective, It’s fiscally responsible to gain resources you can as cheaply as possible.
    Of course, that doesn’t make it right.

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  73. Bill

    All you Americans really are complete and utter idiots, aren’t you? The U.S. tried to act like it didn’t want anything to do with the war in Libya, and then as soon as Oil is mentioned, you’re all there going “Yep! The U.S. did everything to help libyan rebels, we deserve the oil”, even though the majority was done by the EU.

    You all need to actually fucking learn for once.

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