the vast oil revenues of Libya

Wow:

“Payments for crude oil exports are finding their way back to Libya’s central bank and, potentially, into Col Gaddafi’s direct control, according to a senior western oil official and traders contacted by the Financial Times.

Oil officials and shipbrokers said that Libya exported about 570,000 barrels a day in the last week of February, when the unrest started, and shipped about 400,000 b/d this week. At current prices, the oil shipped over the two-week period is worth $770m.”

$770 million in two weeks!