U.S.-Trained Engineer Picked As Libya's Next Puppet Leader.

Libya's national congress picked Mustafa Abu Shagour as prime minister on Wednesday, the U.S.-trained optical engineer naming improved services and security as his priorities a day after Islamist gunmen killed the U.S. ambassador to Libya.

Abu Shagour defeated wartime rebel premier Mahmoud Jibril in a close second round vote by 96 votes to 94 in a contest that was shown live on national television.

As government chief he will be responsible for the day-to-day running of Libya's oil-based economy while the national congress elected in July passes laws and helps draft a new constitution for the North African state.

www.cnbc.com...
Yay for democracy! People from Libya get to watch theirs on tv.

God I hate reading about Libya. These so called 'journalists' have no shame. We all know that Libya was the best country in Africa before what happened. We all know that Libya had gold. We know that they were in such a good position that they were going to introduce the gold backed African Dinar.

Now the country has been destroyed. Libya is in massive debt so they say. Its enough to make you sick. How can the people in power justify their actions? How are people complicit all the way down? Where do they find these politicians and editors and journalists and economists? They are all like Party Member from 1984.

Foreign companies, notably oil majors keen for a stake in Libya's lucrative oil fields, hope the new government will prove able to make major decisions, unlike the previous administration which lacked a popular mandate.

I bet the oil corporations are keen. I just bet.

The world is a very terrible place.

reply to post by freemarketsocialist


Yeah, from this site their debt is in the billions but nothing a few years of oil put out can't cure.

www.indexmundi.com...

External debt: $5.285 billion (31 December 2011 est.)

Originally posted by Swills
reply to post by freemarketsocialist

 

Yeah, from this site their debt is in the billions but nothing a few years of oil put out can't cure.

www.indexmundi.com...

External debt: $5.285 billion (31 December 2011 est.)

They would be fine if they nationalized oil like the wealthy gulf states. Somehow I dont expect the Libyan people to ever get out of debt now. Not with America pulling the strings. America cant even run its own economy and look after Americans.

We all know that Libya was the best country in Africa before what happened.

Really?

What do you base this off?

I'm glad that someone who was educated in a democracy has been elevated to such an important post.

Would you rather that Libya was run by Hamas or the PLO?

reply to post by freemarketsocialist


Yes that's true. I'm sure the once nationalized oil has already been broken up and spread out between various Big Oil companies.

I appreciate you pointing out how Libya has had one of or maybe even the best economy in Africa in recent years, and that they've elected a new leader.

I don't really appreciate your jumping to conclusions about the new regime.

I'm not saying you're wrong, I'm just saying your most likely not well informed enough about Middle East issues to comment so definitively. Same goes for everyone else here, including me.

I'd like to see more Americans deciding to travel the Islamic world for educational purposes. It would be like mass diplomacy, and could go a long way toward bridging gaps. They would surely accept tourism profits.

Didn’t they have cash reserves of over $150B before Gaddafi was removed? What happened to that money and how could they now be in nearly $6B debt a year later? They also had a state owned central back which printed its own money... What’s happened to that? The over throw wasn’t about oil and it wasn’t about Gaddafi being a “bloody-thirsty tyrant”, it was almost exclusively about money and gold. A true banker’s war. There are far too many questions about the entire situation. Too many coincidences, of which I don’t believe in coincidence.