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Libya's oil facilities bombed as sanctions start to bite regime

03/14/2011
Eric WatkinsOil Diplomacy EditorOil facilities in eastern Libya came under heavy air attack Mar. 9, while the country's leader Moammar Gadhafi taunted Western powers over their reported plans to establish a no-fly zone over the North African country."If they take such a decision it will be useful for Libya, because the Libyan people will see the truth, that what they want is to take control of Libya and to steal their oil," said Gadhafi in an interview by Turkish television channel TRT news."Then the Libyan people will take up arms against them," said Gaddafi, who added that the rebels wanted to pave the way for a new colonial era that would allow the US, UK, and Franc...
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