British businesses are scrambling to return to Libya in anticipation of the end to the country’s civil war, but they are concerned that European and North American rivals are already stealing a march as a new race to turn a profit out of the war-torn nation begins.After five months of fighting in the world’s 12th-largest oil producer, industry figures are acutely aware that billions could be made in the coming years from rebuilding Libya. Immediate focus will fall on the country’s oil fields that are currently producing a 10th of the 1.6 million barrels a day that were exported pre-revolution.
There is also intense lobbying for the multibillion-pound reconstruction contracts that are likely to be offered once fighting ends. The Independent conducted a straw poll of more than 20 Western companies with previous business commitments in Libya. None would talk publicly about its plans but many admitted privately that they were keen to return once security allowed. - The Independent, UK
According to the CIA, Libya ranks 18th in the world in oil production, behind other regional players Saudi Arabia, Kuwait, United Emirates, Algeria, Iraq and Iran. The next largest producer that underwent upheaval in the Arab Spring is Egypt, ranked 29th. It is no co-incidence that France and Britain urged Western help to the rebels. Libya is not a major oil producer but what it does produce, Europe needs.
I am reminded of the scene from Jason and the Argonauts in which the gods were gathered around a globe deciding the fates of mortals. I can see Britain, France, Germany, the US, Italy and others debating:
US: Let’s leave Tunisia alone and see where it goes.
ALL: Agreed!
(a few days later)
SAUDI ARABIA: Ok, guys, now it’s spread to Egypt. When are you going to stop these kids from upsetting our plans.
FRANCE: Hold on. The group at Tahrir keeps growing even when the militias whipped their horses through the crowds.
SAUDI ARABIA: Oh, come on! The last thing we need is to alarm Israel!
US: But the army isn’t shooting! Doesn’t that mean Mubarak’s toast?
BRITAIN: Being the ranking colonial power, we pass on this one.
US: We’re talking to the military. After all, we give them $3 billion/year in mostly military aid. And those generals want to keep it! Yes they do!
ALL: So what are you saying?
US: I don’t know about you guys but we’re cutting Mubarak loose. It’s a risk but we’re getting emails demanding an English language Al Jazeera! They’re more popular than CNN, for gods sake.
ALL (except Saudi Arabia): We see what you mean.
SAUDI ARABIA: Well, Bahrain is in our neighborhood and we’re sending in troops.
GREAT BRITAIN, GERMANY AND FRANCE: Are you c-r-a-z-y!!
US: Hey, they have a point. Our 5th fleet is stationed there. So, we’ll call for reform, you invade.
SAUDI ARABIA: Deal! (high fives all around)
SAUDI ARABIA: (aside) Give them the ‘democratic’ role and they always bite.
ALL: What about Yemen?
US: Let’s do nothing!
ALL: Agreed!
ITALY: Hey, we just heard Libya is being liberated by the non-violent opposition.
ALL: Good!
ITALY: But Qaddafi’s going to bomb them.
FRANCE: It may not be a lot, but Libya has oil.
BRITAIN: No shit!
ITALY, FRANCE, BRITAIN: These guys are good. Let’s give them some help.
NATO: Brilliant! They fight on the ground. We’ll bomb from the sky! They take the casualties, the folks back home won’t complain!
GERMANY: Are you c-r-a-z-y? Leave us out.
FRANCE: ooo-kkkkayyyy! But that means we get first dibs on the oil. What about you, US?
US: Are you c-r-a-z-y? We can’t bomb yet another Muslim country?
FRANCE: Or can you? What if the Arab League and UN endorse the bombing…..
US: Well, maybe….
CLINTON: Sure tootin’! We humanitarians need this conflict. We know we can’t touch Syria (everyone laughs, as if the Syrians would oppose Bashar!). And besides, it could give a new face to intervention, a humanitarian face!
FRANCE, GERMANY: Didn’t you try that with Iraq?
OBAMA: Wait, she’s right! As long as the rebels ask politely and the UN and even Arab League front their cause, how can we refuse to intervene?
ALL: Agreed!
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