Libya is a country with vast existing oil and gas reserves, but remains highly under-explored.

Because of the sheer size of Libya, it is unrealistic to expect the National Oil Company to be able to develop all the many opportunities on offer.

The National Oil Company had restricted access to many of the industries' emerging technologies through its years of economic sanctions.

People are really just focusing on oil prices and using models to figure out what the impact will be on U.S. growth. Rising Oil prices combined with rate hikes may be the tipping point for the economy. We still expect a weaker dollar.

The oil revenues of that country could bring between $50 billion and $100 billion over the course of the next two or three years,

Some parts of the country are experiencing tight supplies because of unusually heavy refinery maintenance schedules. Until crude oil prices drop substantially, Americans won't see a big decline at the pump.