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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Aug 22, 2011
Page
9
In a Martha's Vineyard statement President Obama said Libya has reached a tipping point and control of Tripoli is slipping from Gadhafi. He urged Gadhafi to relinquish power, noting the bloodshed could end if the regime recognizes its end.
Rebels swept into Tripoli triggering celebrations in Green Square as Muammar Gaddafi’s regime crumbled. Seif al-Islam was captured with reports of his father facing ICC charges. loyalists remained in pockets while residents cheered the rapid advance from the west.
Oil markets may fall if Libyan rebels overthrow Muammar Gaddafi but effects overall will take months. Lipow notes relief could push prices down today while erasing a prior surge from disrupted Libyan exports, which had lifted benchmarks from 84 to over 110 dollars per barrel.
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