[tomafro]

LY domains would have to be phenomenally lucrative to make any significant impact in an economy with billions of barrels of oil.

http://en.wikipedia.org/wiki/Oil_reserves_in_Libya

[zephjc]

http://oil.ly is already taken, btw, but seems unresponsive. http://oi.ly is also taken. Alas.

[kmfrk]

I'm sure you'll manage to find other words to describe Gaddafi.

[diego]

And they aren't. The nic.ly page says about 10k have been registered, meaning they make about $750k/year. The country's GDP is five orders of magnitude larger.