Somebody must think it's credible, as crude prices fall on news the Arab League is considering...

Somebody must think it's credible, as crude prices fall on news the Arab League is considering an offer by Hugo Chavez to broker a peace deal in Libya. No word is mentioned as to whether anti-government forces will pay any heed to one of Gaddafi's strongest allies. USO -1.5%. BNO -1.7%.

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Comments (6)
  • phoneranger
    , contributor
    Comments (348) | Send Message
    Unless someone offers Kaddafi and his clan an escape hatch (like Venezuela, Burma or Zimbabwe) they really have to better alternative than fighting to the last; killing lots of innocent Tripolitanians and ruining Libya's oil infrastructure in the process. He's scum. So is Chavez. What's the alternative?
    3 Mar 2011, 12:19 PM Reply Like
  • stocksniper31
    , contributor
    Comments (46) | Send Message
    Chavez is next...stealing from his people...just take a look at the palaces these guys live in while their people are starving...Hugo will be next to fall...they're all crooks...go give up freedom is so close
    3 Mar 2011, 12:28 PM Reply Like
  • tigersam
    , contributor
    Comments (1707) | Send Message
    Oil price did not go up because of Middle East problem. Same numbers of barrels are comming out of Midlle East. Oil prices went up because of grid. MM are manipulating the markets. I never understood following:


    If price of the oil barrel goes down it takes 1 month to reflect that at gat station. But if price of the oil barrel goes up, next minute prices are up at gas station. I thougt it will take 1 month. But I guess I am not good at Math.
    3 Mar 2011, 12:31 PM Reply Like
  • Duude
    , contributor
    Comments (3413) | Send Message
    Chavez brokering a peace deal is about as likely as Chavez creating a diverse and competitive economy in Venezuela. Perhaps, realizing he couldn't do the latter he's opting to drum up some brownie points with his OPEC partners-in-crime. This is kinda funny. Not only is Chavez not gifted in diplomacy, but the Libyan rebels have no other options but to fight. If they threw in the towel now they'd be giving up only after finally nailing Gaddaffi to the wall. Gaddaffi wouldn't even entertain peace talks unless he saw the end was near. This will clearly be seen as a failed stunt before the weekend is out.
    3 Mar 2011, 12:43 PM Reply Like
  • kmi
    , contributor
    Comments (4598) | Send Message
    Considering Gaddafi's sons run the best units of the Libyan military, he won't lose total control over it. Worst case scenario is a protracted civil war, best case one side loses in the short term, but honest case... it doesn't look like he is going anywhere soon and some kind of settlement will have to appear....


    Considering how much Gaddafi's sons like to party the guy going over there should be Berlusconi, besides he's real buddy-buddy with the regime already....
    3 Mar 2011, 12:45 PM Reply Like
  • Stoploss
    , contributor
    Comments (1713) | Send Message
    They already told him to pack sand. They have asked for HW's help.
    No shit, they are begging him.
    3 Mar 2011, 01:18 PM Reply Like
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