22 MAR 2011
By Tyler Durden | Zero Hedge
The first confirmed US military asset lost over Libya is an F-15E jet, following confirmation from The Telegraph that the plane crashed, supposedly as a result of a mechanical error, not due to being shot down.
From Reuter: "A U.S. Air Force F-15E fighter jet crashed in Libya overnight after apparent mechanical failure but its crew were safe, a spokesman for the U.S. military Africa Command said on Tuesday. Libyan rebels rescued the pilot after he ejected from the warplane which came down near the eastern city of Benghazi," Britain's Daily Telegraph newspaper reported on its website.
"Just found a crashed US warplane in a field. believe a mechanical failure brought it down," Telegraph correspondent Rob Crilly said on the Twitter micro-blogging site."
Well, at least it isn't one of those brand spanking new F-35s.
More from Reuters:
At the same time, the FT is hypothesizing that the one saving grace for Gaddafi may at this point be the country's 140+ ton gold stash, which is worth $6.5 billion at today's fixing.
Just as the gold may be the reason for why Gaddafi has so far not been backed into a corner following all the recent asset freezes, it may, in conjunction with the country's oil be the explanation for the UN's eagerness to liberate the country. Because last time we checked Ivory Coast had a deposed dictator who was killing his people in the midst of a civil war and nobody really seemed to rush to establish a no fly zone. Looks like that edible cocoa just is not as valuable as yellow and black gold after all...
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