Shell’s Pulling Out of Libya

[tabatha]

8. Fail.

The Libyans will be up to pre-war production levels next month - something that was expected to take two years.

Also read my comment about how the NTC stated more than once (google it) that they would NOT change oil contracts signed under Gaddafi - but would leave it up to the new government. This has been known for over a year. Shell could have left last year if they wanted to.

Economic development in Libya will be by the Libyans themselves and the revenue will go to Libyans not Gaddafi. They will choose which outside contractors they want to hire and which not. However, they are very concerned that Libyan money should stay with Libyans, because after 42 years of the bulk of the revenue going to the Gaddafis, they do not want a repeat. Gaddafi was the richest man in the world - $200 billion.

But do not let prejudices get in the way of facts.