The Libyan leader proposed the nationalisation of U.S. oil companies, as well as those of UK, Germany, Spain, Norway, Canada and Italy in 2009.
On January 25, 2009, Muammar Al Gaddafi announced that his country was studying the nationalisation of foreign companies due to lower oil prices.
"The oil-exporting countries should opt for nationalisation because of the rapid fall in oil prices. We must put the issue on the table and discuss it seriously," said Gaddafi.
"Oil should be owned by the State at this time, so we could better control prices by the increase or decrease in production," said the Libyan leader.
These statements have worried the main foreign companies operating in Libya: Anglo-Dutch Shell, British Petroleum, U.S. 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.
In 2008, 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.
As a result of these contract changes, Libya gained 5.4 billion dollars in oil revenues.
On February 16, 2009, Gaddafi took a step further and called on Libyans to back his proposal to dismantle the government and to distribute the oil wealth directly to the 5 million inhabitants of the country.
However, his plan to deliver oil revenues directly to the Libyan people met opposition by senior officials who could lose their jobs due to a parallel plan by Gaddafi to rid the state of corruption.
Some officials, including Prime Minister Al-Baghdadi, Ali Al-Mahmoudi and Farhat Omar Bin Guida, of the Central Bank, told Gaddafi that the measure could harm the country's economy in the long term due to "capital flight."
"Do not be afraid to directly redistribute the oil money and create fairer governance structures that respond to people's interests," Gaddafi said in a Popular Committee.
The Popular Committees are the backbone of Libya. Through them citizens are represented at the district level.
"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.
Despite this, senior Libyan government officials voted to delay Gaddafi's plans. Only 64 ministers from a total of 468 Popular Committee members voted for the measure. There were 251 who saw the measures as positive, but chose to delay their implementation.
Given the rejection of the Committee, Gaddafi affirmed before a public meeting: "My dream during all these years was to give the power and wealth directly to the people."
So...another big LIE falls by the wayside, the false image of Ghaddafi the dictator who robs from his people.
So far we have had pictures of pro-Ghaddafi demonstrations being portrayed as being against him. The professional, foreign and Photoshop nature of anti-Ghaddafi posters being bandied about were noted, along with signs being held upside down by people not knowing the alphabet placed on the signs.
We have had pictures of one sided battles where heavily armed terrorists are "fighting" with nobody. We have had reports, glaringly false, that Ghaddafi was fleeing the country.
We have had more than enough reports of bombings against his own people that never happened, as well as attacks against "unarmed civilians" that proved to be incorrect. It is patently obvious that there are no "unarmed civilians" involved in these actions against Ghaddafi, but CIA and other intelligence service mercenaries, foreign elements and Al Qaeda.
It has been brought to light that the living standard in Libya is the highest in Africa and that Libya was to be commended for its human rights record.
How many lies do we have to catch them in before somebody in charge buys a clue? It's no sale!
They try to portray Ghaddafi as crazy when he speaks of fighting Al Qaeda and now they have to admit it's true.
Two documents strongly back Gaddafi on this issue, according to the findings of Alexander Cockburn.
"The first is a secret cable to the State Department from the US embassy in Tripoli in 2008, part of the WikiLeaks trove, entitled, "Extremism in Eastern Libya," which revealed that this area is rife with anti-American, pro-jihad sentiment.
The second document, or rather set of documents, are the so-called Sinjar Records, captured al-Qaeda documents that fell into American hands in 2007. They were duly analysed by the Combating Terrorism Center at the US Military Academy at West Point. Al-Qaeda is a bureaucratic outfit and the records contain precise details on personnel, including those who came to Iraq to fight American and coalition forces and, when necessary, commit suicide.
The West Point analysts' statistical study of the al-Qaeda personnel records concludes that one country provided "far more" foreign fighters in per capita terms than any other: namely, Libya."
So who is the crazy one? Obviously that gang of lunatics savagely launching attacks on Libya based on the worst collection of lies in the history of the world. If you want to know where they are headed, just look at their track record, littered with genocide, theft and destruction.
More and more evidence is surfacing that this entire operation has been planned from outside (read U.S. and EU) for quite some time. First surround (Egypt and Tunisia), then invade. Wesley Clarke revealed the laundry list which included Libya.
In the U.S., there is a particulary motley group of interventionist war mongers who don't know what they're doing: Susan Rice, Hillary Clinton and Samantha Power, obviously sexually frustrated and repressed man hating lesbians who want to prove they are he-men.
We are also seeing attacks on residential areas, many civilians being killed. There have been attacks on Ghaddafi's living area, a clear attempt at assassination. Today intelligence also reports they plan a ground invasion. The fascists of the west never change. The term "humanitarian bombing" reminds of George Orwell doublespeak.
One can only heartily agree on Gaddafi's statement: They are "a group of crazy fascists that will end in the garbage dump of history."
History will surely judge them on the same page as Adolph Hitler.
Translated from the Portuguese version and appended by:
Russia has been deprived of the right to hold international competitions and apply for them for four years