• 3 minutes "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 9 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 21 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 5 days Energy Armageddon
  • 3 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 13 hours "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 19 hours "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 16 hours "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 20 hours The Federal Reserve and Money...Aspects which are not widely known
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 2 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 5 days Сryptocurrency predictions
  • 2 days Goldman Betting on Cryptocurrencies
  • 10 days Putin and Xi Bet on the Global South
Near-Record Number Of Covid Infections Weigh On Oil Demand In China

Near-Record Number Of Covid Infections Weigh On Oil Demand In China

China is registering near-record numbers…

Oil Tanker Rates Soar To Astronomical Levels

Oil Tanker Rates Soar To Astronomical Levels

Soaring tanker rates are weighing…

Daniel J. Graeber

Daniel J. Graeber

Daniel Graeber is a writer and political analyst based in Michigan. His work on matters related to the geopolitical aspects of the global energy sector,…

More Info

Premium Content

The Coming Oil War ... Against al-Qaeda

A consortium minding security issues for journalists working in hostile territory warned that credible reports revealed a threat to oil installations in Libya. Islamists based in Libya were said to have played a role in deadly January attacks on the In Amenas natural gas facility in eastern Algeria. Those attacks were said to be in response to an Algerian decision to let French forces use its airspace to fight al-Qaida supporters in nearby Mali. Now, it seems the threat focus has shifted back to Libya, where the government of Moamar Gadhafi has ended and the new war on terror begins.

The International News Safety Institute said it was alerted by "credible sources'" that terrorist groups may be planning attacks on oil fields in Libya. The warning said it considered Benghazi a likely target given the large number of oil fields in the western port city. INSI's advisory came as the U.S. and British government issued similar warning for citizens remaining in Libya.

Related Article: Is Iraq Slipping into Civil War?

"We are aware of a specific, imminent threat to Westerners in Benghazi," a warning from the British Foreign and Commonwealth Office read. "We advise against all travel to Benghazi and urge any British nationals who are there against our advice to leave immediately."

In mid-January, a faction of al-Qaida in the Islamic Maghreb stormed the In Amenas natural gas facility in eastern Algeria. That raid left several hostages and foreign fighters dead. Sources close to militant groups in Libya said the Algerian attack had the logistical support of Islamic fighters who traveled across the western border.

Related Article: Jordan - Problems Ahead?

For post-war Libya, oil and natural gas makes up nearly all of the country's export revenues and about 80 percent of all government revenues. The government in response to renewed al-Qaida tensions and a high level of violence in Benghazi ordered a petroleum security team on high alert. In Algeria, the military there wasted no time, and gave no quarter, when al-Qaida stormed its energy interests. Oil and natural gas accounts for about 98 percent of the country's exports, prompting the IMF in 2011 to warn that the government needed to take action to diversify its economy.

Revealed in the documents seized from Osama bin Laden's compound in Abbottabad, Pakistan, were al-Qaida plots to target oil tankers. Those documents prompted the FBI and U.S. Department of Homeland Security in 2011 to issue warnings to the energy sector of a possible al-Qaida threat. Bruce Riedel, a former CIA officer now working for the Brookings Institution, notes that "al-Qaida 3.0" is more decentralized than its predecessor and more ready to learn from its past mistakes. The 9/11 Commission report notes that resentment over oil riches was in part the reason for bin Laden's frustrations in the 1990s when he declared war on the United States. With the Pentagon tilting toward Asia, it's not the West, but the rest, that may have to fight the new war on terror.

By. Daniel J. Graeber of Oilprice.com


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News