Detailed text transcripts for TV channel - CNN - 20110225:09:48:00
$19 billion in foreign direct investment as of the end of last year. but most of the country's wealth still comes from oil production, which accounts for an estimated 95% of export earnings. libya exports much of that oil through southern europe. in fact, it's europe's biggest oil supplier and home to africa's largest reserve. but can the world still rely on the oil and gas supply? i asked cornelia myer how much an oil disruption in libya would really hurt? >> i don't think it's detrimental because it's only 2% of world production and only about 30% to 40% of saudi's spare capacity. so we're f...
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