Libya one year on; it's a good news/bad news story!

Here's the good news.

Libya's Deputy Oil Minister Omar Ahakmak announced this week that Libyan oil refineries are operating at 100% capacity!

Seems that the country's petroleum infrastructure largely escaped the NATO bombing campaign that pulverized the civilian infrastructure.

If Gadaffi had been thinking he'd have hidden his weapons of mass destruction and his mercenary hordes in the oil refineries instead of in schools and hospitals. They could have held out indefinitely.

Alas, there's bad news too.

Outside the oil refineries, the country continues to be terrorized by the former NATO rebels who now call the shots. Anarchy prevails across all major cities. There is no central authority and the rebels are accountable only to themselves.

But at least the oil is flowing!