Hitting Khadafi

It looks like the air strikes are having their desired effect. The Libyan rebels have retaken two key oil ports and Khadafi's troops seem to be retreating in haste. According to reports, they've left ammunition and supplies behind and just, as one source put it, "melted away". The coalition has hit Khadafi's hometown of Sirte and other positions. The rebels have retaken territory they lost earlier. They are moving westward and are looking to take Sirte soon. Qatar, who is participating in the strikes, has said they will help the rebels move the oil currently in storage. The storage facilities are filled to capacity so they can't pump any more oil until they pump out the current stocks. With any luck, that might even help bring oil prices down. Maybe. All we can do now is watch and wait. Here's hoping it ends soon and the Libyan people can rebuild a better country and future.

Fighting in Libya

Looks like Libya is heading for a civil war. Not that there ever was a war that was "civil". The rebels are pushing towards Tripoli and Khadaffi's forces are fighting back. This is probably going to be a prolonged situation that will affect everyone, since it will affect the price of oil, which has jumped tremendously in the last few weeks. It's (as of today) at $104.91 per barrel and will probably continue to rise. So much for the economic recovery. Here's hoping that things end quickly in Libya and Khadaffi gets it and gets the hell out and lets the Libyan people decide their own destiny.

Civil War in Libya?

Looks like there may be a civil war starting in Libya, since neither side seems to have the military strength for a decisive victory. The rebels pretty much hold the eastern half of the country and a few cities near Tripoli and Khadaffi's forces hold the rest. According to some reports, the rebels have been capturing tanks, artillery and other military hardware. This situation will probably go on for a while and will most likely cause oil prices to skyrocket as the speculators pee their pants. I think the rebels will want to keep the oil flowing so the money will keep coming in. I think the day of the Middle East despot is coming to an end. Here's hoping all the people in the Middle East will free themselves from the dictators they've been suffering under and be able to have the chance to choose their leaders and progress and modernize their countries. Here's hoping.