Libyan leader Muammar Gaddafi is facing dramatic fuel shortages, and is running out of cash to pay his forces and his government, according to the latest US intelligence reports. Rebel forces that captured towns from Nalut to Kikla in Libya’s western Nafusa mountains could cut a vital crude oil pipeline that feeds one of the government’s major refineries in the town of al Zawiyah, US officials said. US intelligence suggested fuel shortages could occur within as little as a month. The cash shortage in Libya follows Turkey’s move last week to seize hundreds of millions of dollars held in the Arab Turkish Bank, the US officials said. While the Libyan strongman could not access hard cash, he had been issuing letters of credit to pay his debtors, including fuel importers, the US officials said. Intelligence analysts said the development could up-end the current stalemate and give momentum to the rebels, who have been fighting for territory since the conflict began in mid-March. Word of the building pressure against Col Gaddafi came as France’s foreign minister reported that the dictator could leave power, citing Libyan emissaries who have approached the French government. It was not immediately clear how credible the offer was and Col Gaddafi has repeatedly refused to leave or give up power since US and Nato forces launched a bombing campaign. French Foreign Minister Alain Juppe said that while the contacts do not constitute formal negotiations, “we receive emissaries who are saying, ‘Gaddafi is prepared to leave. Let’s discuss it.’” French officials and their allies have insisted that Col Gaddafi’s giving up of power is key to ending the hostilities. US officials have said morale among soldiers loyal to the regime is poor, according to troops who were captured or defected. But the rebels are also facing supply problems and holding territory and have done little work governing the territory that they hold, the officials said.ile the Libyan strongman could not access hard cash, he had been issuing letters of credit to pay his debtors, including fuel importers, the US officials said. Intelligence analysts said the development could up-end the current stalemate and give momentum to the rebels, who have been fighting for territory since the conflict began in mid-March. Word of the building pressure against Col Gaddafi came as France’s foreign minister reported that the dictator could leave power, citing Libyan emissaries who have approached the French government. It was not immediately clear how credible the offer was and Col Gaddafi has repeatedly refused to leave or give up power since US and Nato forces launched a bombing campaign. French Foreign Minister Alain Juppe said that while the contacts do not constitute formal negotiations, “we receive emissaries who are saying, ‘Gaddafi is prepared to leave. Let’s discuss it.’” French officials and their allies have insisted that Col Gaddafi’s giving up of power is key to ending the hostilities. US officials have said morale among soldiers loyal to the regime is poor, according to troops who were captured or defected. But the rebels are also facing supply problems and holding territory and have done little work governing the territory that they hold, the officials said.

SOURCES: 24/7 News

The end of a dictator.

seunlayi:

The end of a dictator.

the beginning of second time colonialism.

The news is so freaking False!!!

Supporting and arming thugs against a legitimate government ? Sign of end time !

I can vaguely see absolute capitalism as one of the main drive behind Gaddafi's unleash.Why are they not dealing with syrian murderer like that?From the realistic look of things,i think he has killed more of his people so far than Gaddafi?