Gadhafi speech blames unrest on drugs and Bin Laden
In a recent Moammar Gadhafi speech addressing unrest in Libya, the North African dictator blamed the Libya protests on odd factors. Gadhafi claimed that unrest was caused by insurgents sent by Osama bin Laden and by the influence of hallucinogenic drugs. ?Gadhafi’s regime is quickly losing control of Libya.
Teenagers drinking spiked Nescafe blamed for Libya violence
Libyan ruler Moammar Gadhafi recently gave a speech that was broadcast on Libyan state television. In his speech he laid blame for the Libyan revolt on some unexpected parties, according to Reuters. Gadhafi said in a speech via telephone and broadcast over television?that Osama bin Laden and al-Qaida were behind the turmoil in Libya and that violence in the North African nation was due to teenagers taking drugs. He said in the rambling speech that “their ages is 17” and that al-Qaida agents were putting “hallucinatory pills in their drinks, their milk, their coffee, their Nescafe.”
Opposition holds one third of Libya
Nearly the entire eastern third of Libya is no longer under the command of Gadhafi or pro-Gadhafi forces, according to the Christian Science Monitor. There is still growing unrest and violence in Gadhafi-held cities such as Tripoli, but cities in the areas that have been “liberated,” such as Tobruq and Benghazi, have calmed considerably after military factions loyal to the dictator have been largely overcome. Factions of the Libyan army have been defecting to the side of the protesters as Gadhafi has ordered them to fire on their countrymen.
Oil prices still climbing
Despite reassurances from Saudi Arabia that oil production would not be affected by the Libyan revolts, crude oil prices are still climbing, and the New York Times says it’s because of the Libyan protests . In early trading on Thursday, Feb. 24, oil prices jumped to more than $100 but settled lower at $97.28, causing energy stocks to tumble. It is anticipated that unrest in the Middle East could lead to gas prices rising to $4 a gallon or more.