NY Times March 12, 2012
Libya’s Franchise Fiasco
By GEOFF D. PORTER
As long as militias have power, Libya’s economic normalization will be postponed. If groups outside the government can shape the security environment, outside investors, particularly oil companies, will be wary of returning to the country. Without foreign companies, Libyan oil production will not return to preconflict levels and, worse, it risks slipping backward. Revenue could decrease at the very time the government needs it most.
Geoff D. Porter is a risk consultant specializing in North Africa.