Libyas oil and economic turmoils

Libya as a country has a vast history of ups and downs and many controversies. Its hard to imagine the quality of life the citizens of Libya endure everyday. While Libya has a number of great problems needing to be solved, one problem stands in the way of their ability to successfully compete in the worlds economic arena. Libya's main source of income for the country is in its exporting of oil Ever Since the untimely death of Qaddafi, Libya has been in a constant state of civil war and unrest. Times like this make it extremely difficult for a country to actively embark on long term projects to improve the infrastructure of the country. The rampant violence puts a host of country needs on hold because no one can live their regular day to day lives with the amount of chaos produced in the lands of Libya. Infrastructure is one of those country needs that have not gotten tended to. The result of failing to improve its Infrastructure is the failing of pertinent structures resulting in loss of revenue for a country who needs everything they can get at this point. One of Libya's main pipelines controlled by the state had a leak identified earlier this year and resulted in a loss of 200,000 barrels a day with the decision to shut the pipeline down. Oil is Libya's number one export and with losing 200,000 barrels a day to export it is crippling to an already struggling economy. Compound interest has been compiled with other countries simply going elswhere to get oil while Libya figures out their pipeline problem, resulted in Libya experiencing a total average of more than one million barrels less than previously before their pipeline suffered a leak.