Before we wiped Saddam off the face of the map, he was planning on selling oil in Euros.
Any threat to the US oil backed dollar hegemony will be met with violent reprisal from US armed forces.
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.