Libya govt forces hit refinery storage tanks-rebels

[Guest guest]

http://www.reuters.com/article/2011/03/11/libya-east-refinery-idUSWEA81222011031\

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Libya govt forces hit refinery storage tanks-rebels

BREGA, Libya, March 11 | Fri Mar 11, 2011 10:22am EST

(Reuters) - Rebels said on Friday that an air strike by forces loyal to Muammar

Gaddafi hit storage tanks of Libya's state-owned Ras Lanuf Oil and Gas

Processing Company (RASCO), but the government denied it.

" Gaddafi planes hit the storage tanks of the RASCO production plant, " rebel

Colonel Bashir Abdul Qadr told Reuters. His comments were confirmed by two other

rebel sources.

But Libyan state television, quoting a military source, saying that the armed

forces had denied it bomb residential areas and a refinery in Ras Lanuf.

RASCO is a subsidiary of the state-owned National Oil Corp. (Writing by Edmund

Blair in Cairo)

[Guest guest]

What he's trying to do is destroy the economic strength of the country in case he loses.

Over here Obama is talking about raiding the Strategic Reserve. I think that will be a big mistake if done just to keep gas prices low. More price could be shaved off by ending the winter/summer blend rules and rules about different mixes for different parts of the country. A few other things could be done that would drop the price at the pump much more effectively than pumping a little bit from the reserve which either won't be refilled or will be refilled at a higher price because of more expensive oil.

In a message dated 3/11/2011 12:28:44 P.M. Eastern Standard Time, no_reply writes:

Libya govt forces hit refinery storage tanks-rebels