Black People : Wikileaks Expose' on Lybia and the con game to colonize that soveriegn nation

Discussion in 'Black People Open Forum' started by Ankhur, Jun 23, 2011.

  1. Ankhur

    Ankhur Well-Known Member MEMBER

    Oct 4, 2009
    Likes Received:
    owner of various real estate concerns
    +3,005 / -0
    US diplomatic cables recently released by WikiLeaks have shed light on the sordid operations of American and European oil companies in Libya.
    The Washington Post summarised the content of the various cables: “In 2004, President George W. Bush unexpectedly lifted economic sanctions on Libya in return for its renunciation of nuclear weapons and terrorism. There was a burst of optimism among American oil executives eager to return to the Libyan oil fields they had been forced to abandon two decades earlier... Yet even before armed conflict drove the US companies out of Libya this year, their relations with Gaddafi had soured. The Libyan leader demanded tough contract terms. He sought big bonus payments up front. Moreover, upset that he was not getting more US government respect and recognition for his earlier concessions, he pressured the oil companies to influence US policies.”
    One State Department cable in December 2004 reported that ConocoPhillips executives described a recent deal they struck with the Libyan government as “not good”, but “said the company views it as ‘dues-paying’ in order to return to the Libyan market”.
    By November 2007, however, another State Department cable reported “growing evidence of Libyan resource nationalism”. US officials disapprovingly cited a speech Gaddafi delivered in which he declared that “Libyans must take their place to profit from this [oil] money”. The cable concluded: “Those who dominate Libya’s political and economic leadership are pursuing increasingly nationalistic policies in the energy sector that could jeopardize efficient exploitation of Libya’s extensive oil and gas reserves.”
    In 2008, another cable reported that the Libyan government had warned an ExxonMobil executive that it could “significantly curtail” its oil production in order to “penalise the US”, after Congress had passed legislation making it easier for families of the victims of the Lockerbie aeroplane bombing to target Libyan commercial assets in the courts.
    The cables make clear that the major oil companies are looking to not merely preserve the existing contracts they negotiated with Gaddafi, but to redraft the agreements on much more favourable terms. At the same time, escalating great power rivalries are fuelling the scramble for Libya’s oil. There is no question that the American, British, and French conglomerates will expect any post-Gaddafi client regime to favour them over the Russian, Chinese, Italian, and German firms that have been active in Libya.
    One cable published by WikiLeaks reveals that in April 2008, US diplomatic officials urged the State and Treasury departments to lobby the Italian government to challenge a deal struck between oil giant Eni and Russia’s Gazprom. In return for Eni assisting Gazprom in the construction of a pipeline across the Black Sea, the Italian company planned to sell a part of its stake in the lucrative “Elephant” oil field in Libya. The confidential cable stated: “Post would like to push the new Berlusconi government to force Eni to act less as a stalking horse for Gazprom interests ... seems to be working in support of Gazprom’s efforts to dominate Europe’s energy supply, and against US-supported EU efforts to diversify energy supply,”
    The war has effectively sabotaged the proposed deal—on April 20, Eni executives announced they were indefinitely postponing the Libyan oil field selloff.