Barack Obama welcomed the endorsement of the Libyan Political Agreement signed on December 17 and expressed confidence that with political dialogue and the establishment of a Government of National Accord, peace, prosperity, and security would come in the divided country.

A week ago, during his end-of-year press conference, President Obama admitted the US has “some accountability” for not being swift enough and underestimating the need to rebuild government in Libya once Muammar Gaddafi was toppled.

“As a consequence, you now have a very bad situation,” Obama said.

READ MORE: ‘Chaos & lawlessness’: The West’s Libyan legacy

The UN Secretary-General Ban Ki-moon, who also welcomed the ‘historic’ signing of Libyan Political Agreement, cautioned that this only “the beginning of a difficult journey” for Libya and its citizens.

“The dire humanitarian situation in Benghazi and other areas needs to be addressed as a matter of highest priority,” Ban said. According to the UN, more than 2.4 million Libyan people (of them 435,000 are estimated to be internally displaced), require immediate humanitarian assistance.

READ MORE: Gaddafi gone, but much more instability, violence in Libya

The major problem of Libya’s newly formed Government of National Accord is it lacks military power to impose order throughout the country, devastated by years of conflict between various armed gangs fighting for spheres of influence on the ruins of the Libyan state.

This month, French Defense Minister Jean-Yves Le Drian warned that Islamic State (IS, formerly ISIS/ISIL) has its sights set on Libya’s lucrative oil wells, after the Russian Air Force destroyed the group’s illegal oil business in Syria.

These are not mere plans, as IS is already on Libyan soil and imposing Sharia law in Libya. Earlier this week, IS released video footage of their security forces on the streets of oil-rich Sirte, the so-called ‘Islamic Police.’ The footage is reportedly aimed at showing off IS control over Sirte.

#ISIS unveils ‘Islamic Police’: Masked gunmen patrol streets, direct Libyan Sirte traffic https://t.co/AHxoevcNN8 pic.twitter.com/Nrs3HknQ6V

— RT (@RT_com) December 22, 2015

So the real situation in Libya is one of chaos and lawlessness, and the people living in the formerly prosperous Libyan state know that better than anyone else. Comments left on the Facebook page of the US embassy in Libya, echo the feelings of many ordinary Libyans, who feel their country has been wrecked by America.