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Oil Fund Withdrawals Suggest Extended Price Rally

Oil Fund Withdrawals Suggest Extended Price Rally

Investors are ditching the oil…

President Mugabe Says NATO Abusing UN Charter to Control Libyan Oil

Zimbabwe’s President Robert Mugabe, speaking at the 66th session of the United Nations General Assembly, alleged that the North Atlantic Treaty Organization is abusing the United Nations Charter in order to loot Libya's oil reserves, the largest in Africa and impose a political leadership on its people.
 
Mugabe said, “More than other states, all the five permanent members of the Security Council bear a huge responsibility in this regard for ensuring that their historical privilege is used more to protect the UN Charter than to breach it as is happening currently in Libya through the blatant illegal, brutal and callous NATO murderous bombings.

"After over twenty thousand NATO bombing sorties that targeted Libyan towns, including Tripoli, there is now unbelievable and most disgraceful scramble by some NATO countries for Libyan oil, indicating, thereby, that the real motive for their aggression against Libya was to control and own its abundant fuel resources. What a shame! Yesterday, it was Iraq and Bush and Blair were the liars and aggressors as they made unfounded allegations of possessions of weapons of mass destruction. This time it is the NATO countries the liars and aggressors as they make similarly unfounded allegations of destruction of civilian lives by Gadaffi,” Harare’s The Herald newspaper reported.
 
By. Charles Kennedy, Deputy Editor OilPrice.com



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