RealNews

Diplomatic comeback renews focus on Libya’s huge oil reserves

With the last vestiges of U.S. sanctions swept away, Moammar Gadhafi’s bid to bring Libya back into the diplomatic mainstream has scored a stunning success. Gadhafi’s next goal: an economic revival funded by the doubling of oil production in the coming decade. High-tech U.S. oil extraction methods should help, as will geography: Libya, on the North African coast, should be immune from disruptions that could snarl the flow of oil from the Persian Gulf. Full Story

OODA Analyst

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