OilPrice.com – Muammar Gaddafi’s 42 year-old regime is in its death rattle—maybe today, maybe tomorrow, his administration that has ruled Libya with a quixotic and brutal hand is about to pass, in Trotsky’s piquant phrase, “into the dustbin of history”, prompting the question, “What next?”
The glittering prize is Libya’s 1.6 million barrels per day output of high quality crude, which accounted for about 2 percent of global oil output drawn from Africa’s largest oil reserves, whose exports have been stymied since the NATO-led campaign began six months ago. Projecting into the future, analysts believe that Libya has reserves to sustain its previous level of production for 80 years.
Who will eventually control this asset, with oil prices currently at roughly $84 a barrel, generating an income of more than $12.6 million per day?
France’s Total?
Britain’s BP?
U.S. companies?
Or, will China add Libyan future production to its string of acquisitions, as it is already China’s eleventh largest source of imports?
The crystal ball is murky indeed, but when the uprising against Gaddafi began six months ago, according to the Chinese media, about 36,000 Chinese were in Libya working on 50 projects.
Cautiously accepting the new reality, Chinese Foreign Ministry spokesman Ma Zhaoxu said in a statement posted Monday on the ministry’s website, “The Chinese side respects the choice of the Libyan people. The Chinese side is willing to work with the international community to play a positive role in the reconstruction process of Libya in the future.”
The key word here is “reconstruction,” a noun conspicuously absent from any statements by the NATO coalition members.
When the uprising against Gaddafi began, 75 Chinese companies had already invested billions of dollars in Libya in infrastructure projects, including oil, railway and telecoms projects. After the insurrection erupted in February, China began a substantial land, sea, and air evacuation operation of its nationals.
Benghazi-based Libyan rebel oil firm Arabian Gulf Oil Co. (AGOCO) information manager Abdeljalil Mayouf cautioned, however, that China’s “softly, softly” approach to the uprising may initially cost it influence in the new Libyan reality, saying, “We don’t have a problem with Western countries like the Italians, French and UK companies. But we may have some political issues with Russia, China and Brazil.”
While many analysts believe that Italy’s ENI and France’s Total could be successful in post-insurrection Libya because of their countries’ heavy support for the rebels, it may all devolve down to a question of funding, and given Beijing’s pockets, despite its caution in its foreign policy, that may well give China the edge.
Few promoting the prospects of Italian and French energy firms now remember that just a couple of months ago the Libyan dissidents were literally begging for financial assistance.
Furthermore, particularly in African endeavors, Chinese investment has extended far beyond mere resource acquisition to providing infrastructure essentials such as roads, schools, and health clinics, all of which will be in short supply in post-Gaddafi Libya.
Finally, certainly last but not least, China has no history of colonialism in North Africa, unlike Libya (occupied by Italy, 1911-1947), Tunisia (France, 1883-1956), Algeria (France, 1830-1962), Morocco (France, 1906-1956) and Egypt (Britain, 1882-1922.) While such issues are not fiscally tangible, they may well influence the post-Gaddafi negotiations.
Waiting in the wings are U.S. and Canadian companies such as Marathon, ConocoPhillips, Hess, Occidental and Suncor, which withdrew from Libya at the onset of insurrection, as well as Russian companies, including oil firms Gazprom Neft and Tatneft, which had projects worth billions of dollars in Libya alongside Brazil’s Petrobras. BP, which did not have production in Libya before the war, said it was planning to return for exploration efforts.
In the coming weeks, Libya’s National Transitional Council will doubtless be inundated with offers from various companies promoting their advantages. Total and ENI have the inside geographical edge, being across the Mediterranean, while American and British companies have cutting edge technology to refurbish Libya’s decrepit energy infrastructure.
But it is too early to count China out from the race—they do not come burdened by history, and they come with deeper pockets than all their competitors. The NTC, if it indeed represents the Libyan people, will not be unswayed by such concerns, as the European rivals have yet to utter one of the words most dreaded on Wall Street in considering profits, “reconstruction.” Whatever the shortcomings of Beijing’s views of events in Africa’s largest oil producer, they do extend beyond mere corporate profits to include rebuilding, which is likely to ensure them a place at the table.
There are People who claim that Democracy does not exist, except in theory, and then there are those who say that some Countries are more Democratic than others.
I refer to three types of what is claimed to be Democratic Systems, and one is the American Style Western Democracies that most of the NATO Countries and their Puppets, and I shall refer to these as Western Democracy.
Another Countries that are Defined as Democracies are the rest the Countries that have Elections, or Non-Western Democracies.
The third type of Democracy can be described as the one Muammar al-Gaddafi created for Libyans.
The first thing that needs to be fully and properly understood that Democracy in America and its Puppets that look like Democracies does not exist, nor will it ever exist in Anglo-France, or with their Client Puppets.
Satan wants me to a Politician in my Country, but I do not want to become a Politician, and besides, there are many People who suspect and say that I am a Secret Servant of the Invisible Demons, and so would make it impractical in this English Speaking Western Democracy.
We know that the Bible says that anyone who does not believe in God is a Fool and that they are inexcusable for not believing in God, because the evidence is more than abundant, regardless of the lies of the Pretend Atheists.
Even though many People have accused me of being Secretly in League with the Invisible Demons, I will not confess to it, because I have been tortured in the invisible realm by the Invisible Demons before, and I will always deny being in League with the Invisible Demons, even if my denial is a lie to protect myself from being tortured by the Invisible Demons.
The Bible tells us that God is Eternal and Invisible, and that he had a family of good invisible angels in Heaven before He created the Earth and the first two People.
We know that some of the good angels rebelled against God, and those demons are as real and invisible as the gravity, the earth’s magnetic field, and radio waves.
Jesus said that the Invisible Satan the Devil is the Real Ruler of the Earth, and we know that the physical manifestation of that is that America, or Anglo-America is the Ruler of the Earth, because most of their Politicians are Secret Devil Worshippers.
They arrived in the territory of the Gerasenes on the other side of the Sea of Galilee. As Jesus stepped out of the boat, a man came out of the tombs and met him. The man was controlled by an evil spirit and lived among the tombs. No one could restrain him any longer, not even with a chain. He had often been chained hand and foot. However, he snapped the chains off his hands and broke the chains from his feet. No one could control him. Night and day he was among the tombs and on the mountainsides screaming and cutting himself with stones. The man saw Jesus at a distance. So he ran to Jesus, bowed down in front of him, and shouted, “Why are you bothering me now, Jesus, Son of the Most High God? Swear to God that you won’t torture me.” He shouted this because Jesus said, “You evil spirit, come out of the man.” Jesus asked him, “What is your name?” He told Jesus, “My name is Legion Six Thousand, because there are many of us.” He begged Jesus not to send them out of the territory. A large herd of pigs was feeding on a mountainside nearby. The demons begged him, “Send us into the pigs! Let us enter them!” Jesus let them do this. The evil spirits came out of the man and went into the pigs. The herd of about two thousand pigs rushed down the cliff into the sea and drowned (Mark 5:1-13).
We know that Anglo-France control the United Nations, and they get China to vote with them because the Pretend Atheist Chinese Leaders cannot be free from being tortured and manipulated by the invisible demons, because God will not keep the invisible demons away from Liars, because all Pretend Atheists are Liars.
I can assure People that no human being can resist the invisible demons unless they serve Satan, or if they serve God.
There could be People who think that I have been tortured by the invisible demons to provide this information at this time, because Satan wants People Western Puppet Democracies to believe that True Democracy is coming to the Satanic Dictatorships England, America, and their NATO Puppets, and to their Non-NATO Puppets in the World who pretend to be Democracies.
We all know that Hitler’s Germany wanted a Greater Croatia and a Greater Albania in order to dominate Continental Europe.
Germany could not let Yugoslavia join the European Union, because there would have been no Greater Croatia and no Greater Albania that were subservient to Germany.
This is why the Balkan Wars were engineered by Germany subtlety in order to get England, America, and NATO involved to break up Yugoslavia.
There were several groups that Germany funded and instructed on how to encourage separatism and even the Serbia’s Academics were used to try to break up Yugoslavia peacefully just like Czechoslovakia was broken up by agreement.
The English were paying attention, and they knew that a Greater Croatia and a Greater Albania is what the German Fourth Reich wanted, and England has always been against any German Reich on the European Continent.
Germany would have preferred a peaceful and subtle break up in order to make Continental Europe richer, instead of being a drain on German finances.
However, England and America was not going to allow that, and knowing that a break up of Yugoslavia was on the way, they wanted to thwart the Fourth German Reich for as long as possible while pretending to be Germany’s Friend and Ally.
This is because they needed Germany’s Army and Finances for Afghanistan and other places, but Germany woke up regarding Libya.
Germany did not know of Camp Bondsteel, and America was able to deceive Germany to think that it would belong to Greater Albania or Germany in the future.
This is why Germany has been helping Anglo-America in Afghanistan, because Germany thought this Money was covered with Camp Bondsteel.
Germany did not know of the Ahtisaari Plan where Kosovo was not allowed to join Albania, and of how Kosovo was a supposedly unique case.
Germany had little choice but to go along with Anglo-American plans to thwart the Fourth German Reich in Europe, but Germany is secretly glad that the Ahtisaari Plan was dumped, because Germany needs a Greater Albania.
I think that Countries should be allowed to change borders and to join up by mutual agreement.
I made a suggestion that 67% of Kosovo be given to the Albania of Serbia and Kosovo, and they can join up with Albania if they want, and Germany will complete it with the Albanian territory of FYROM, because FYROM will be allowed to join the EU that way.
Serbia wants Camp Bondsteel as compensation and to make it into a Tourist Motel, and what is needed is for America and other foreigners to be asked to leave Kosovo.
Pristina should accept autonomy and ask the Foreigners to leave Kosovo, because that is the only way there will be a Greater Albania, and a resolution to Kosovo’s Final Status as UNSCR 1244 says.
The Debts of European Union Countries can be addressed if Europe should set up a European Monetary Fund of EMF.
I know that the European Union knows that they will no longer be America’s Ally if they do that, and they know that America did what they did to Libya, because the Libyan Guide had the Money and wanted to set up the African Monetary Fund.
If Continental Europe is to survive, then they have to be brave and tell the World the truth about Kosovo, even if it means that America leaves Continental Europe for good and goes Home to America.
We now that if America left Continental Europe, then Continental Europe could prosper, and the bickering and problems would disappear.
Russia has offered to set up a Common European Defence Strategy, and Continental Europe would be wise to consider participating in that arrangement.
I think that as many European Union Countries should have the Intelligence, the Courage, and the Decency to say that the Serbs were the least guilty of all the different ethnic Groups in the Balkans, and that the Serbs continue to be the least guilty of the different Ethnic Groups in the Balkans.
“Muammar Gaddafi’s 42 year-old regime is in its death rattle.” It must be one of the longest death-rattles in history???
“Who will eventually control this asset, with oil prices currently at roughly $84 a barrel…”. China of course! Otherwise how will America pay off its debts to China. So Europeans (the ones who had no hand in destroying Libya) better hope that Gaddafi hangs on. Otherwise they can say goodbye to Libyan oil.
People of Libya Now have the government they deserves. After they have to learn how to Survive eating the Desert Sand.
daily income is $126 millions andnot as you stated $12.6 millions.
thnx