Gaddafi proposed the nationalization of US oil companies, as well as those of the UK, Germany, Spain, Norway, Canada and Italy in 2009. On January 25, 2009, Muammar Al Gadafi announced that his country was studying the nationalization of his country's oil due to lower oil prices. "Oil should be owned by the State, so that we can better control prices by the increase or decrease in production. His statements have not been welcomed by foreign companies operating in Libya, including Anglo-Dutch Shell, British Petroleum (who destroyed the entire environment south of New Orleans by polluting the Gulf and destroying the livelihood of its people!) Then, there is 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.
Sic Transit Gloria Mundi! Thus goes the glory of our world! Please click on my heading to read the outstanding article by Lisa Karpova, an outstanding journalist on pravda.ru