Media Search:



Libya Plans for Biggest Oil Field to Resume Output Soon

Libya will resume pumping crude soon at Sharara, its biggest oil field, after an attack that halted output, reducing the North African nations production by almost a third, an official said.

Sharara was shut as a precaution after gunmen stormed the on-site production compound, Mansur Abdallah, director of oil movement at the Zawiya refinery and oil port, said in a telephone interview. The armed group left after stealing the cars, and production should resume soon, he said.

The oil field is 720 kilometers (450 miles) south of Zawiya, and the two sites are connected by a pipeline. While it has a similar capacity to the Waha field in central Libya, Sharara is the nations largest producer, with an output of 290,000 barrels a day before the latest shutdown, Abdallah said.

Libya, which is trying to restore output after more than a year of political unrest and violence, produced 850,000 barrels a day last month, according to Bloomberg estimates. The country pumped 1.6 million barrels a day before the 2011 ouster of former leader Muammar Qaddafi.

Output has recovered after dropping to as little as 215,000 barrels a day in April. Warring factions pledged to keep oil flowing, and the state-run National Oil Corp. refrained from taking sides amid political disputes. The country is split between an Islamist-led administration that took control of Tripoli, the capital, a few months ago, and an internationally-recognized government in eastern Libya.

Brent crude rebounded from $82.35 a barrel to a high of $83.27 in about one hour of trading from 8:30 a.m. London time, after news that the Sharara field would soon resume output. The benchmark grade was trading at $82.23 a barrel on the London-based ICE Futures Europe exchange at 1:42 p.m.

To contact the reporters on this story: Saleh Sarrar in Dubai at ssarar@bloomberg.net; Maher Chmaytelli in Dubai at mchmaytelli@bloomberg.net

To contact the editors responsible for this story: Nayla Razzouk at nrazzouk2@bloomberg.net Bruce Stanley, Dan Weeks

Press spacebar to pause and continue. Press esc to stop.

View post:
Libya Plans for Biggest Oil Field to Resume Output Soon

Speculation swirls over timing, pick for Holder replacement

FILE: June 11, 2012: Attorney General Eric Holder speaks at the League of Women Voters National Convention in Washington.(AP)

WASHINGTON Republicans' big midterm wins throw a potential curveball at President Obama as he weighs his replacement for outgoing Attorney General Eric Holder -- forcing him to decide whether to introduce a nominee during the lame-duck session or take his chances with a more hostile Senate majority after January.

A short list of contenders already is making the media rounds. But perhaps the more pressing question is when Obama will make his move. With Republicans winning the Senate majority, Obama could have a tougher time if he waits until next year to nominate someone.

However, he also could inflame tensions by pressing ahead in a lame-duck session -- at a time when both sides claim to be giving cooperation a shot.

Hans von Spakovsky, senior legal analyst at Heritage Foundation, suggested the timing might depend on whether Obama pushes someone with political baggage.

"I think if he has someone in mind who might be at all controversial, he won't have any trouble getting [Democratic Senate Majority Leader] Harry Reid to push it through the lame-duck session," he said.

So far, missing from the apparent short list are some of the more colorful and familiar names who surfaced in the wake of Holder's resignation announcement -- like outgoing Massachusetts Gov. Deval Patrick and Manhattan U.S. Attorney Preet Bharara. The three reported to be in the running, according to unnamed White House sources: Brooklyn U.S. Attorney Loretta Lynch, U.S. Solicitor General Donald Verrilli, and current Labor Secretary Thomas Perez.

Last week, Holder, who announced his departure in September, told a reporter that he expects to stay on until early February. Prior reports, though, signaled the White House might try and replace him shortly after the election.

I dont know if there are any [nominees] that Republicans would speedily or readily confirm, said Sarah Binder, congressional expert at the Brookings Institution, who believes the two-month lame duck session may be too crowded with budget and spending priorities to properly vet and channel a nominee through the dangerous shoals of a Senate confirmation.

So its possible, she said, that these restraints will lead to the White House saying well just have to find a nominee come January, and that it will be a hard road but well find a nominee who will be a bit more acceptable to Republicans.

The rest is here:
Speculation swirls over timing, pick for Holder replacement

Attorney General Eric Holder praises SLU president for handling of campus protest

U.S. Attorney General Eric Holder has offered high praise to St. Louis University President Fred Pestello, commending him for his handling of last month's Occupy SLU protest.

In a letter delivered to the university late last month, Holder called Pestello's leadership, nothing short of exemplary" in his managing of the Occupy SLU protest.

Occupy SLU was an outgrowth of wider protests of police shootings that have taken hold in the area since the Aug. 9 shooting of Michael Brown by Ferguson Police Officer Darren Wilson.

Organized by students and a number of community groups, more than 1,000 people gathered in front of the university's clock tower on the first night of the protests.

In the following days, Occupy SLU turned into an encampment with roughly two dozen protesters living in tents advocating for equality and racial justice.

Protesters, some of whom were students, stayed in their tents for nearly a week before reaching an agreement with Pestello to end the encampment.

The negotiations were among Pestello, the university's Black Student alliance, a protest group called Tribe X and the Metro St. Louis Coalition for Inclusion and Equity, or M-SLICE.

Among the items in the agreement is a larger budget for SLU's African-American Studies program, more money to keep minority students from dropping out; and the establishment of a K-12 bridge program to increase the number of college-bound children in the Normandy and Shaw neighborhooods.

Holder's letter to Pestello credited the university president with confronting simmering conflicts in the St. Louis area and helping to reduce tensions.

Amid reports of continuing conflict, your steady hand, your respect to everyone involved, and your fidelity to the rule of law, as well as the Jesuit values that define the institution you lead have enabled you to bring about a constructive and nonviolent resolution to the encampment at St. Louis University, Holder wrote.

Originally posted here:
Attorney General Eric Holder praises SLU president for handling of campus protest

Name One Democrat That Helped Tahmoorossi! – Video


Name One Democrat That Helped Tahmoorossi!
I do not believe that a single Democrat tried to honestly help Andrew Tahmooressi. John Kerry gave so lip service , and Obama who could have had Andrew relea...

By: Gabor Zolna

Here is the original post:
Name One Democrat That Helped Tahmoorossi! - Video

Fmr Democrat Blasts Sen Landrieu (D) For Injecting Racism, Sexism In Senate Race – Dash To The Clash – Video


Fmr Democrat Blasts Sen Landrieu (D) For Injecting Racism, Sexism In Senate Race - Dash To The Clash
Fmr Democrat Blasts Sen Landrieu (D) For Injecting Racism, Sexism In Senate Race - Dash To The Clash - Cavuto =========================================== ...

By: NSTP - Wake The Hell Up America!

Read this article:
Fmr Democrat Blasts Sen Landrieu (D) For Injecting Racism, Sexism In Senate Race - Dash To The Clash - Video