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Open the floor
ENAR

by Executive Editors

Lebanon’s politicians are squandering a golden opportunity. Now that the close of the first offshore oil and gas licensing round has been indefinitely postponed, the country once again has a chance for a real national debate about the future of this nascent sector and how to integrate it into the economy. Potential hydrocarbon resources would belong to the entire nation — and as such would be far too important to trust to political and bureaucratic elites making decisions away from the public eye. Opening the floor to a national debate is the best way to ensure any resources are managed properly. [pullquote]Opening the floor to a national debate is the best way to ensure any resources are managed properly[/pullquote] The dangers are stark. In Egypt, policymakers vastly underestimated domestic demand, promising far more natural gas for export than could be realistically delivered (see “Never too early to plan“). The consequences

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