I was reading reports of counterattacks by tanks and artillery this morning along with pro-Gaddafi snipers throughout the city. So no magical turn-over but allowing the rebels to take much of the city was a **** of a blow.
Edit: On the "No Blood For Oil!" front...
Edited, Aug 22nd 2011 8:30am by Jophiel
Gaddafi's fall will reopen the doors to the country with Africa's largest oil reserves. New players such as Qatar's national oil company and trading house Vitol are set to compete with established European and U.S. majors.
"We don't have a problem with western countries like Italians, French and UK companies. But we may have some political issues with Russia, China and Brazil," Abdeljalil Mayouf, information manager at Libyan rebel oil firm AGOCO, told Reuters.
The comment signals the potential for a major setback for Russia, China and Brazil, which opposed tough sanctions on Gaddafi or pressed for more talks, and could mean a loss of billions of dollars worth of oil exploration and construction contracts in the African nation.
About 75 Chinese companies operated in Libya before the war, involving about 36,000 staff and 50 projects, according to Chinese media.
Russian companies, including oil firms Gazprom Neft and Tatneft , also had projects worth billions of dollars in Libya. Brazilian firms such as Petrobras and construction giant Odebrecht were also in business there.