How long before Obama puts our military on the ground in Algeria? The price of oil hit $96 per barrel today, up from $80 per barrel in June. The price of natural gas is up 40% in the last year. Guess who has the 17th largest oil reserves in the world, is the 15th largest oil producer, and the 10th largest natural gas producer in the world?
We will now be sold a story about Al Queda terrorist cells and the imminent danger to our nation unless we do something to help the poor Algerians. The fact is they have over 12 billion barrels of oil under their country and we want to control it. I’m sure we’ll fuck this up too. Before we invaded Iraq, the price of oil was $25 per barrel. I wonder what the price will be after we make a complete clusterfuck out of Algeria. It will be really embarassing when we lose to these guys.
Malgeria Crisis Update
Submitted by Tyler Durdenon 01/17/2013 12:00 -0500
The situation in MalgeriaTM continues to remain uncertain but the following updates should provide some color as to where they stand currently (and a primer on the initial French intervention). Critically, Stratfor warns that the escalation in Algeria will possibly lead to further militants crossing the Mali border, further endangering Westerners and energy infrastructure (which is important as Algeria is one of the largest exports of light, sweet crude oil in the world and a significant natural gas exporter to Europe).
Stratfor 3-minute Primer:
1) In general there is chaos as FranceTV put it “it is very confusing, with no official confirmation of any of the actions being reported on”
2) Up to 35 (of the 44) Hostages have apparently been killed in the Algerian rescue (retake) operation, with hostages freed (one Irishman);
2a) All 8 of the hostage-takers have apparently been killed
Who is Mokhtar Belmokhtar?
3) A US Drone is now on site to take a look for the first time;
4) The UK’s Cameron was not informed before the Algerian operation (and wanted to be consulted);
5) Stratfor’s concern is that Algeria’s action will bring more militants across the border and threaten more Westerners and energy production
There are hundreds of smaller oil and gas fields in between, to the west of In Amenas and around the central desert region surrounding In Salah. Algeria lacks the capacity to provide a robust security presence for all of these sites, nor can it afford to suspend operations given the aggressive oil and gas production expansions planned for 2013. Algeria cannot maintain a permanent security presence at every production site across its territory, but as evidenced by the Jan.16 attack, they are capable of quickly organizing regional security forces at sites of unrest.
6) BP is pulling all non-essential staff out