Monday, February 21, 2011

Gaddafi's Scorched Earth Policy

Apparently Gaddafi has said that he built Libya and if he is to go, he'll undo everything he created. Thus he is ordering his own army, navy and air force to destroy his own infrastructure. Truly a reprehensible bastard, but we knew that. The US ought to intervene here and preserve the infrastructure of the country for the Libyan people - otherwise these people will have nothing and we can bet our keisters that the Islamists will move in and own it.

UPDATE: Aside from doing what is right, which I wouldn't expect the Obama administration to do anyway, they ought to do something practical. All this instability and uncertainty is driving the price of oil higher...to $105/barrel. A $90 barrel implies a gas price that is politically disastrous for Obama, now his administration's cluelessness and lack of assertiveness is spooking the oil market giving us a crude price spike of indeterminate duration and magnitude. He can't and doesn't have to solve things, even just some clarity on the US government's policy regarding a not-insignificant oil producer like Libya would keep the markets from getting to out of hand. But, as I have said before, Obama doesn't get how bad a runaway oil price is for his political future. I'm sure his political folks are telling him, but not having done anything relevant to life in his life, he doesn't understand it at a basic level. Or he doesn't care, which means he thinks he is bigger than life, because energy prices are a reality that all political leaders must bow to...eventually.

1 Comments:

Blogger Richard said...

Respectfully, I disagree. I think that Obama does indeed understand the political ramifications of $90, or even $100 oil. But he is too much an ideologue, hell bent on undoing the nation's reliance on inexpensive hydro-carbon energy, and simply too arrogant in his assumption that he can simply talk his way back into a second term in office, to let the realities of the market, including the political market, stand in his way.

11:12 AM  

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