In 2009 Gaddafi Proposed Nationalizing Libya’s Oil


Kurt Nimmo
Infowars.com
March 29, 2011

The Coalition of Globalists are not interested in sheltering the Libyan people from Muammar al- Gaddafi. The no-fly zone and attacks on the Libyan military by NATO and U.S. have nothing to do with democracy and free elections.

It’s about oil – and who owns it.

In 2009, Gaddafi uttered the “N” word – nationalization. Not only for Libya’s oil, but all oil in the region. For the globalists, this made Gaddafi a dangerous mad dog renegade who needed to be replaced.

“The oil-exporting countries should opt for nationalization because of the rapid fall in oil prices. We must put the issue on the table and discuss it seriously,” he declared. “Oil should be owned by the State at this time, so we could better control prices by the increase or decrease in production.”

Predictably, Gaddafi’s pronouncement set off alarm bells at Anglo-Dutch Shell, British Petroleum, ExxonMobil, Hess Corp., Marathon Oil, Occidental Petroleum and ConocoPhillips, the Spanish Repsol, Germany’s Wintershall, Austria’s OMV, Norway’s Statoil, Eni and Canada’s Petro Canada.

The year before, the Libyan state oil company, National Oil, prepared a report on the subject in which officials suggested modifying the production-sharing agreements with foreign companies in order to increase state revenues, according to a report posted on the Pravda website.

After implementing contract changes, Libya gained 5.4 billion dollars in oil revenues.

Gaddafi’s plan was reported on by Reuters and the corporate media.

In addition to calling for nationalization, the Libyan leader called for support of his proposal to dismantle the government and to distribute the oil wealth directly to Libya’s 5 million citizens.

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State bureaucrats, however, rejected the idea because they feared for the loss of their cushy jobs and also feared the wrath of transnational oil corporations and the banks that own them.

Prime Minister al-Baghdadi, Ali al-Mahmoudi and Farhat Omar Bin Guida, of Libya’s Central Bank, told Gaddafi the measure would wreck the country’s economy in lead to “capital flight,” in other words the globalists pulling their money out of the country.

“The Administration has failed and the state’s economy has failed. Enough is enough. The solution is for the Libyan people to directly receive oil revenues and decide what to do with them,” Gaddafi said in a speech broadcast on state television. To this end, the Libyan leader urged a radical reform of government bureaucracy.

The government, however, voted to reject Gaddafi’s plan to turn ownership of the country’s oil over to the people. 64 ministers from a total of 468 Popular Committee members voted for the measure.

“My dream during all these years was to give the power and wealth directly to the people,” said Gaddafi in response to the rejection.

In 1953, the United States and Britain plotted to overthrow the democratically elected government of Iranian Prime Minister Mohammad Mosaddegh, who had promised to nationalize the British-owned Anglo-Iranian Oil Company and give the profits to the Iranian people. Mosaddegh attempted to negotiate with the AIOC, but the company rejected his proposed compromise.

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In order to sell a coup, Britain persuaded Secretary of State John Foster Dulles that Iran was going over to the Soviets. Then president Truman was cool to the idea, but in 1953, when Dwight D. Eisenhower became president, the UK convinced him to a joint coup d’état. The CIA was dispatched to destabilize the country, get rid of Mosaddegh, and install the brutal dictator Mohammad-Reza Shah Pahlavi and his secret police, the SAVAK.

For the mistake of suggesting oil profits be returned to the Libyan people, Muammar al-Gaddafi is now suffering a likewise fate.


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