OBAMA'S BLOOD FOR OIL

                                        U.S. Ok's Libyan Rebels To Sell OiL

(Reuters) - The United States on Monday gave a green light to sales of Libyan crude oil from Libyan rebels, who admitted having al-Qaeda in their ranks, giving a potential boost to forces battling Muammar Gaddafi. A U.S. Treasury Department official said Libyan rebels would not be subject to U.S. sanctions if they avoid entities linked to Gaddafi's regime, which would allow them to sell oil under their control. "The rebels are not part of the government of Libya. They are not subject to the sanctions," The rebels, who retook a number of oil fields and terminals in eastern Libya over the weekend  must first establish clear lines of control and payment systems. U.N. diplomats echoed these sentiments, helping further clarify the status of rebel-held oil, which could provide vital revenues to forces trying to topple Gaddafi. "There is no U.N. embargo on Libyan oil," a U.N. Security Council diplomat told Reuters on condition of anonymity.
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