Just a heads up to Libya

Usually when we give you nuclear stuff it means we intend to invade later.

The US is to help Libya build its first-ever nuclear power plant according to the African nation's official news agency, Jana.

Jana said on Monday that the General People's Committee, the Libyan parliamentary body, had given approval for the foreign ministry to sign a deal with the US the day before.

There was no immediate confirmation of the deal from the US, but any such agreement would continue a considerable thawing of relations between the two countries.

I mean, Libya has oil, right?

NEW YORK (CNNMoney.com) - Normal diplomatic relations between the U.S. and Libya could result in more contracts for American oil companies, just when it's getting harder to do business in some Latin American countries.

While last week's move normalizing relations with Libya was expected and didn't have an immediate impact on crude prices in New York, experts say it's an added bonus to the lifting of economic sanctions against the country back in 2004.

"When it comes to oil, it's all politics," said Fadel Gheit, an energy analyst with Oppenheimer in New York. "If Gadhafi comes to the White House, count the number of days until a contract is landed by Halliburton or Exxon."

That's what I thought....