Squeezing Libya

U.S. plans oil embargo

Ever since the Reagan Administration marked Libyan Leader Muammar Gaddafi as a foremost enemy, the U.S. pur chase of Libyan oil has seemed strangely inconsistent. Oil is virtually Libya's only source of wealth, and the radical strong man has been using profits to train terror ists. One consideration was that some 2,500 Americans in Libya could have been seized by Gaddafi, creating an Iran-style hostage crisis.

Last week Reagan infor mally approved a recommen dation that imports of Libyan oil be banned and that sales of American oil-drilling equipment to Libya be cut off. The action was now seen...

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