SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Gator II who wrote (28236)8/24/1998 2:05:00 PM
From: Gameboy  Read Replies (1) | Respond to of 95453
 
Monday August 24, 12:48 pm Eastern Time

U.S. wants oil embargo if Libya witholds suspects

biz.yahoo.com

WASHINGTON, Aug 24 (Reuters) - The United States would press for international oil sanctions on Libya if it failed to hand over two suspects for trial in the Lockerbie airliner bombing case, a senior U.S. official said on Monday.

The official said Washington had always favored a multilateral oil embargo but believed other countries would now be more willing to go along if Tripoli rejected a compromise proposal announced on Monday for the trial of the suspects.

Britain and the United States said earlier they agreed that two Libyans accused of the 1988 bombing of a Pan Am airliner over Lockerbie, Scotland, could be tried in the Netherlands under Scottish law. They had previously insisted the trial should take place in Britain or the United States.

The U.S. official, briefing reporters on condition he was not identified, said that if Libya turned down this offer, ''we think we are capable of building a much stronger international consensus around further steps that must be taken.''

He said U.S. Secretary of State Madeleine Albright, speaking on Monday to relatives of some of the 270 Lockerbie victims, ''made it very clear that she is obviously extremely interested and supportive of moving on, particularly in the direction of oil sanctions''.

The U.S. government has banned American imports of Libyan oil, but has so far been unable to persuade other countries -- some, like Italy, major importers -- to follow suit. Families of the victims have pressed strongly for an oil embargo.



To: Gator II who wrote (28236)8/24/1998 8:49:00 PM
From: MoneyPenny  Respond to of 95453
 
Ditto Gator: used to post occasionally (think I was about the first female on the thread) and have followed the SD for well over a year. Sold some drilling and service stocks in March and again in May but foolishly held a couple (thought they couldn't possibly go down any more) I really miss the good natured and extremely well informed posts that used to make up this thread. TTFN Moneypenny