A fascinating article 'How Libya Blew Billions and Its Best Chance at Democracy' that reveals that Libya's riches have been stolen on a huge scale amidst the chaos of militias vying for control:http://www.businessweek.com/articles...ational-wealth

A taster:
Of the nine companies to which the LIA entrusted its $70 billion bankroll, almost all appear to have lost incredible amounts of money while charging sky-high fees. According to an audit conducted by KPMG, Socit Gnrale managed to lose more than half of a $1.8 billion investment, while charging the Libyans tens of millions for its financial expertise. London-based investment management firm Permal Group, which received $300 million from LIA, lost 40 percent of it while earning $27 million in fees. BNP Paribas (BNP:FP) lost 23 percent: High fees have been directly responsible for the poor results, the auditor noted. Credit Suisse (CS) lost 29 percent of the funds that it managed. Millennium Global Investments, based in London, apparently lost all of a $100 million investment in its emerging credit fund, while a $300 million investment in Lehman Brothers vanished from the books after Lehman collapsed in 2008.