Libya plot
Jan. 8th, 2008 by AlIt seems like nowadays Libya is now starting to pull her weight around the world with her oil wealth making inroads to housing and other sectors except now she’s willing to throw 255 billions worldwide instead of just her domestic market.
Sovereign funds by nations are now under scrutiny cause of national security and other economic concerns.Especially with the war on terror, Libya will be under the spotlight of US and other countries in regards of her investments.
Needless to say, Libya is sitting on the largest Africa oil reserves and because of terror links was left untouched by western interest for 2 decades.This may not be so in the near future as Libya will be more involved in the struggle against terrorism if she does not want to be isolated further in the international arena.
The Oil factor in Libya will be a looming problem or a opportunity depending on what the new administeration after Bush sees it.But it will not be easy one to resolve considering US based their foreign policies now based not only on human rights abuses but also energy and other economic interests.
Libya presently has been extolled by the bush administeration as a reformed terrorist state hence bringing it 30 odds billions of barrels of oil reserves into the market.How will it develop with the rest of the world in the future will much depends on Libya part to renounce terror..
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