Monday, August 22, 2011

Backgrounder: Major events in development of Libyan situation

Libyan refugees gather outside their embassy in Tunis to celebrate the rebels' push into Tripoli. Photograph: Str/EPA 1.28pm: Tunisia, Libya's north-western neighbour, has decided to recognise the rebel National Transitional Council as Libya'sMost observers give the Qaddafi regime limited time before a full regime change takes place in Libya. Watch what happens to oil prices if and when the Qaddafis lose and leave. In short order, Libyan oil production will ramp up.But first, the

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