*Oil, obviously ... *(other than Gaddafi supporting Islamist fundoos) Libya is has the largest oil reserves in Africa. The U.S. Energey Information Administration cites 44.3 billion barrels proven reserves, as of 2010 (the next up: Nigeria at 37.2 and Algeria at 12.2 bbl)
http://ei-01.eia.doe.gov/emeu/cabs/Libya/Oil.html Libya's state-run oil companies have generally excluded Western corporations, and external economic sanctions have both hampered full exploitation of oil in the 1990s. Only in 2003 did Libya's oil fields open up to some corporate involvement. This era, and BP's famous off-shore exploration deal linked in the media with their Gulf of Mexico spill and the release of "Lockerbie Bomber" al-Megrahi, has come to symbolize Libya's purported openness to Western greed. It has led many to believe there is no problem getting at Libya's oil as things stood. However, the last two or three years had seen gradual pull-out of many of these companies in the face of unpopular limitations and terms. A regime change might just change those problems. Guy Chazan, *Wall Street Journal*, April 14: *"Libya has gone from the world's most exciting oil-exploration hot spot in 2005 to another geologically, politically and fiscally risky also-ran," says Charles Gurdon , a North Africa expert at Menas Associates, a consultancy. [...] Libya kept its crown jewels off limits to foreigners. The huge onshore oil fields that accounted for the bulk of its production remained the preserve of Libya's state companies. Yet without advanced foreign technology to improve oil-recovery rates, output at these big fields gradually declined, by as much as 6% a year in some cases. [...] Politics continually intruded, particularly in 2009, the year the Scottish authorities released Abdel Baset al-Megrahi , the Libyan imprisoned for his role in the bombing of a passenger jet over Lockerbie, Scotland, on compassionate grounds. The Canadian government expressed disapproval at the hero's welcome Mr. Megrahi received on his return to Tripoli. Shortly afterward, Libya told Petro-Canada, a Canadian company, to halve production from its Libyan fields. Libya said the reduction was needed to make sure Libya was in compliance with OPEC quotas. But other companies weren't targeted, analysts say. [...] Gradually, foreign oil companies' interest in Libya faded. When Libya offered them the right to bid on exploration tracts in December 2007, half of the blocks attracted no bids. A clutch of companies left Libya as their five-year exploration licenses began to expire, among them Chevron Corp., BG Group PLC and Australia's Woodside Petroleum Ltd.* http://www.marketwatch.com/story/for-wests-oil-firms-no-love-lost-in-libya-2011-04-14 On Tue, Nov 1, 2011 at 3:03 AM, Sushil Srivastava <[email protected]>wrote: > ** > > > I had written earlier also but no response. If all these are facts, there > must have been some compelling shortcomings for the Libyans (barring > instigations from Western countries) that they went to revolt to this > extent. Those should also be brought to light for laymen like many of us. > Sushil K. Srivastava------------------([email protected]) > > ---------------------------------------------------------------------------- > > *From:* Srinivasan MS <[email protected]> > *To:* > *Sent:* Tuesday, 25 October 2011 12:42 AM > *Subject:* [Thatha_Patty] Libya - during Gaddafi > > > * > * > * > * > *well....can anybody challange these information of a libiyan heaven > kingdom under gaddafi?...pls come upLibya & QADDAFI ...FACTS THAT CANT > BE DENIED > > > > 1. There is no electricity bill in... Libya; electricity is free > for all its citizens. > > 2. There is no interest on loans, banks in Libya are state-owned and loans > given to all its citizens at 0% interest by law. > > 3. Home considered a human right in Libya – Gaddafi vowed that his parents > would not get a house until everyone in Libya had a home. Gaddafi’s father > has died while him, his wife and his mother are still living in a tent. > > 4. All newlyweds in Libya receive $60,000 Dinar (US$50,000 ) by the > government > to buy their first apartment so to help start up the family. > > 5. Education and medical treatments are free in Libya. Before Gaddafi only > 25% > of Libyans are literate. Today the figure is 83%. > > 6. Should Libyans want to take up farming career, they would receive > farming land, a farming house, equipments, seeds and livestock to kick- > start their farms – all for free. > > 7. If Libyans cannot find the education or medical facilities they need in > Libya, > the government funds them to go abroad for it – not only free but they get > US > $2, 300/mth accommodation and car allowance. > > 8. In Libyan, if a Libyan buys a car, the government subsidized 50% of the > price. > > 9. The price of petrol in Libya is $0. 14 per liter.* * > > 10. Libya has no external debt and its reserves amount to $150 billion – > now > frozen globally. > > 11. If a Libyan is unable to get employment after graduation the state > would > pay the average salary of the profession as if he or she is employed until > employment is found. > > 12. A portion of Libyan oil sale is, credited directly to > the bank accounts of all Libyan citizens. > > 13. A mother who gave birth to a child receive US $5 ,000 > > 14. 40 loaves of bread in Libya costs $ 0.15 > > 15. 25% of Libyans have a university degree > > 16. Gaddafi carried out the world’s largest irrigation project, known as > the Great > Man-Made River project, to make water readily available throughout the > desert > country.* > > > ** > * > * <http://sig.graphicsfactory.com/>* > நல்லதுசெய் நல்லதே நடக்கும் > நல்லதுசெய் நல்லதே நடக்கும் > जन सेवा इश्वर सेवा > cnu.pne > > > > __._,_.___ > Reply to > sender<[email protected]?subject=Re%3A%20%5BThatha_Patty%5D%20Libya%20-%20during%20Gaddafi>| > Reply > to > group<[email protected]?subject=Re%3A%20%5BThatha_Patty%5D%20Libya%20-%20during%20Gaddafi>| > Reply > via web > post<http://groups.yahoo.com/group/Thatha_Patty/post;_ylc=X3oDMTJyNTNwYTdrBF9TAzk3MzU5NzE0BGdycElkAzE4OTk3Mzk4BGdycHNwSWQDMTcwNjAyNjA2NwRtc2dJZAMzMzAxNwRzZWMDZnRyBHNsawNycGx5BHN0aW1lAzEzMjAxMTY4ODE-?act=reply&messageNum=33017>| > Start > a New > Topic<http://groups.yahoo.com/group/Thatha_Patty/post;_ylc=X3oDMTJmZGQ3aDJxBF9TAzk3MzU5NzE0BGdycElkAzE4OTk3Mzk4BGdycHNwSWQDMTcwNjAyNjA2NwRzZWMDZnRyBHNsawNudHBjBHN0aW1lAzEzMjAxMTY4ODE-> > Messages in this > topic<http://groups.yahoo.com/group/Thatha_Patty/message/32813;_ylc=X3oDMTM3bTVqcGRoBF9TAzk3MzU5NzE0BGdycElkAzE4OTk3Mzk4BGdycHNwSWQDMTcwNjAyNjA2NwRtc2dJZAMzMzAxNwRzZWMDZnRyBHNsawN2dHBjBHN0aW1lAzEzMjAxMTY4ODEEdHBjSWQDMzI4MTM->( > 5) > Recent Activity: > > > Visit Your > Group<http://groups.yahoo.com/group/Thatha_Patty;_ylc=X3oDMTJmM2cxNXNrBF9TAzk3MzU5NzE0BGdycElkAzE4OTk3Mzk4BGdycHNwSWQDMTcwNjAyNjA2NwRzZWMDdnRsBHNsawN2Z2hwBHN0aW1lAzEzMjAxMTY4ODE-> > > > **************************************************************************************************************************************************************************************************************************************************************************************************************************************** > > > Visit following to see uploaded files related to religious and informative > files uploaded. > > http://groups.google.co.in/group/thatha_patty?hl=en > > http://groups.yahoo.com/group/Thatha_Patty/ > > _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________- > > MARKETPLACE > > Stay on top of your group activity without leaving the page you're on - > Get the Yahoo! 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