2011/03/13

Michel Chossudovsky: "Operation Libya"and the Battle for Oil-RedrawingMap of Africa.

Libya is among the World's largest oil economies, with approximately 3.5% of global oil reserves, more than twice those of the US. "Operation Libya" is part of the broader military agenda in the Middle East and Central Asia, which consists in gaining control and corporate ownership over more than those of the US. "Operation Libya" is part of a broader military agenda in the Middle East and Central Asia, which consists in gaining control and corporate ownership over more than sixty percent of the world's reserves of oil and natural gas, including oil and gas pipeline routes. Muslim countries including Saudi Arabia, Iraq, Iran, Kuwait, the United Arab Emirates, Qatar, Yemen, Libya, Egypt, Nigeria, Algeria, Kazakhstan, Azerbaijan, Malaysia, Indonesia, Brunei, possess between 66.2 and 75.9 percent of total oil reserves, depending on the source and methodology of the estimate. With 46.5 billion barrels of proven reserves, depending on the source and methodology of the estimate. With 46.5 billion barrels of proven reserves, which is 10 times those of Egypt, Libya is the largest oil economy in the African continent, followed by Nigeria and Algeria. In contrast, US proven oil reserves are of the order of 20.6 billion barrels, according to the Energy Information Administration.

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