Libya’s oil today: resource curse part two?
Photo: ThinkAfricaPress
News today from Libya and Ghana.
ThinkAfricaPress has published, “Prospects for Libyan Oil: Learning from Iraq”, an interesting article on the future of the Libyan oil industry. Here’s an excerpt:
Increasing the transparency of dealings regarding the ‘black gold’ that lies beneath Libya will be essential to ensuring balanced growth and employment for the Libyan people, but this will prove no mean feat. Given that pressure is unlikely to come from external governments, the incentives and pushes for reform will have to be generated domestically through civil society and a free media.
When getting rid of Gaddafi was so important for U.S./NATO, there was much talk about his abuse of the country’s oil wealth. Now that he’s out of the picture, it’s like, “who cares?” As long as the oil flows…
