Libya

The division of Libya started in London – what’s the ‘Holy See’ doing in those meetings?

Libyan opposition fights for recognition both at home and abroad.

London conference plots imperialist carve-up of Libya

NATO uses depleted uranium bombs against Libya

Regime Change Libya: Privatization of their Central Bank and the Theft of their Nationalized Oil Profits –

“The rebels in Libya are in the middle of a life or death civil war and Moammar Gadhafi is still in power and yet somehow the Libyan rebels have had enough time to establish a new Central Bank of Libya and form a new national oil company.

…  According to Bloomberg, the Transitional National Council has “designated the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and the appointment of a governor to the Central Bank of Libya, with a temporary headquarters in Benghazi.”  Apparently someone felt that it was very important to get pesky matters such as control of the banks and control of the money supply out of the way even before a new government is formed.”

The Transitional National Council released a statement announcing the decision made at a March 19 meeting to establish the “Libyan Oil Company as supervisory authority on oil production and policies in the country, based temporarily in Benghazi, and the appointment of an interim director general” of the company.

The Council also said it “designated the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and the appointment of a governor to the Central Bank of Libya, with a temporary headquarters in Benghazi.”

The Security Council adopted a resolution on March 17 that froze the foreign assets of the Libyan National Oil Corp. and the Central Bank of Libya, both described in the text as “a potential source of funding” for Qaddafi’s regime.”

AFRICOM and the Libya War –

‘Other than the anti-terrorism motive, commentators have raised the issue of oil. Oil industry analysts predict that by the year 2015, the United States will be getting 25 percent of its imported oil from African sources. The biggest oil producers in Africa are Libya, with 47 billion barrels in proved reserves (and maybe lots more yet undiscovered), Nigeria (37.5 billion barrels), Angola (13.5 billion barrels), Algeria (13.4 billion barrels) and the Sudan (6.8 billion barrels). Smaller African countries, including Gabon and Equatorial Guinea, have large-scale oil production proportional to their size. Writing in 2008, Antonia Juhasz posits an oil politics motive for the creation of AFRICOM. “The concern is that, as it has in Iraq, a larger US military presence in Africa will strain the overburdened military while increasing internal hostilities, regional instability and anger at the United States,” he said, adding, “The ultimate objective of the two efforts is the same: securing big oil’s access to the region’s oil.

Libya, Nigeria, Angola and Algeria are all member states of OPEC, the cartel of oil producing countries, whose joint actions in setting production quotas have a profound effect on the price of oil. Numerous U.S. oil companies are invested in the African oil-producing countries, including Libya. Even though leader Moammar Gadaffi’s government nationalized a lot of foreign oil facilities when it took power from King Idris in 1969, some major foreign, including U.S., oil companies have investments in Libya, in joint operations with the Libyan state. These include Marathon, Hess, Conoco, Gulf, Occidental, BP, Repasol (Spain), Eni (Italy) and Total (France) among others.

In 2009, Gadaffi started suggesting that he might nationalize the remaining foreign oil assets in Libya (AFRICOM had already been set up by that time), and he has renewed that threat since the NATO intervention began last week. But right now sanctions imposed by the U.S. and the European Union have reduced Libya’s oil exports to a trickle, resulting in a worldwide jump in fuel prices. A drastic intervention leading to the removal of Gadaffi and greater freedom of operation for these oil companies might well be part of the motive for the intervention, especially on the part of major European Union countries dependent on Libya for their energy needs.

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