Word: libyans
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Rumors of a Libyan hit team...
...informant has told U.S. intelligence officers that a Libyan hit team may have been sent into the U.S. from Canada, but U.S. authorities emphasize that they have no reason to think the information is accurate. "There is one specific operation we are concerned about," says an official. "We simply don't know if it is real or fictitious. We are debriefing the informant, and we are taking precautions, but we are not taking his word as gospel." Says another official: "This is pretty nebulous stuff...
...whether it would receive compensation for its property. The company's relations with Gaddafi's regime have been openly hostile for months. Last June the oil company complained that Libya's premium price of $41 per bbl. was outrageous and began sharply curtailing production from its Libyan wells. At the same time the company was worried because some of its workers at the Brega facilities were being forced out of their homes to provide more housing for soldiers in Gaddafi's growing army...
Energy analysts speculate that pressure from Washington may have played a part in Exxon's decision. After U.S. Navy planes shot down two Libyan jets over the Mediterranean last summer, the State Department sent a letter to American oil companies calling for their cooperation with the Administration's efforts to cut off U.S. relations with Gaddafi. Says Elihu Bergman, executive director of Americans for Energy Independence: "I'm sure that some jawboning took place between the Administration and Exxon." While the State Department took no credit for Exxon's move, one pleased official said that...
Exxon's action last week was made much easier by the current world glut of oil. The major petroleum companies are now well stocked with crude because consumption has been falling. Rather than causing a shortage of petroleum, the loss of Libyan production will just mean a little less for Exxon to put into storage tanks...