The (alternative) BP Statistical Energy Survey (2008) places Libya's proven oil reserves at 41.464 billion barrels at the end of 2007 which represents 3.34 % of the world's proven reserves. (Mbendi Oil and Gas in Libya - Overview).
Oil is the "Trophy" of US-NATO led Wars
"At $110 on the world market, the simple math gives Libya a $109 profit margin." (Libya Oil, Libya Oil One Country's $109 Profit on $110 Oil, EnergyandCapital.com March 12, 2008)
Libya Oil Concessions
China has oil interests in both Chad and Sudan. The China National Petroleum Corp (CNPC) signed a farreaching agreement with the Chad government in 2007.
Niger is strategic to the United States in view of its extensive reserves of uranium. At present, France dominates the uranium industry in Niger through the French nuclear conglomerate Areva, formerly known as Cogema. China also has a stake in Niger's uranium industry.
"in the Pentagon in November 2001, one of the senior military staff officers had time for a chat. Yes, we were still on track for going against Iraq, he said. But there was more. This was being discussed as part of a five-year campaign plan, he said, and there were a total of seven countries, beginning with Iraq, then Syria, Lebanon, Libya, Iran, Somalia and Sudan.... (Wesley Clark, Winning Modern Wars, p. 130).
Insurrection and Military Intervention: The US NATO Attempted Coup d'Etat in Libya?
Part III"War is Good for Business": The Libya Insurrection has Triggered a Surge in Oil Prices. Speculators Applaud... (forthcoming)
Global Research Articles by Michel Chossudovsky