Does Libya's Oil Industry Reflect its Fate? -- Time Magazine
Just two weeks ago, Libya's oil chief boasted to reporters in Tripoli that the country's huge energy business could ride out the conflict and quickly recover. It would effectively ignore the fact that energy installations were now split between two warring halves of the country. "Integrated and unified," is how Shokri Ghanem, head of the Libyan National Oil Corporation described the energy sector, claiming that he was in close communications with staff at the vast oil fields in rebel-held eastern Libya.
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My Comment: The world needs oil, and Libya wants to sell it. Regardless of who comes to power, Libya will become a major exporter in a very short period of time.
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