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
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