Oil in the Desert

In another under-reported dividend story from Operation Iraqi Freedom, American commerce is returning to Libya.

US oil companies have been awarded most of the contracts on offer at the first open licence auction in Libya.

Companies like Occidental and Chevron Texaco will return to Libya for the first time in more than 20 years.

European oil and gas companies were not awarded any of the license to explore 127,000 sq km (51,000 sq miles).

Libya - which has Africa's largest oil reserves - is seeking massive foreign investment now that sanctions against Tripoli have been lifted.

You know, as rough as today was for me, it's been amazing throughout the rest of the world.