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View Diary: U.S. ME Policy is Explicitly Against Regional Self-Interest (87 comments)

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  •  No Virginia, it's not just about oil anymore. (3+ / 0-)
    Recommended by:
    neroden, Gustogirl, poco

    I would like to add some nuance to the conversation.

    As I understand it, the question is: Why is there intervention in Libya using military force on humanitarian grounds while other countries, with much more pressing needs, been ignored?

    As we all are now just beginning to realize, there is a global war going on. This is a class war - the war between a wealthy ruling elite and the common man. For over three decades this war has been going on unnoticed.  But, there has been a global awakening to this war and it is expressing itself in the protests and revolutions taking place around the world.

    We see it taking place in Madison, Wis. and we see it in the revolutions in the ME that are based on the socio-economic inequities within the countries. This tells us that democracy alone will not be a panacea for a solution to these disparities.

    The ruling elite's weapons are the World Bank, the IMF and the WTO.

    For openers in this line of discussion I would like to point you to the following links to begin to demonstrate my thesis that the causes of the current conflict and intervention in Libya have gone beyond oil.

    Gaddafi dubs WTO "terrorists", slams Africa-EU ties
    Monday, 29 November 2010
    "Africa and Europe need each other," the Libyan leader said.

    But he warned that in the event of failure Africa had alternatives in the Americas, China and India.

    Africa wanted to deal with "groups that respect our space, our sovereignty, our regimes and that don't interfere in our internal affairs," he said.
    "We call for the elimination of the WTO, because it does not serve our interests," Gaddafi added. "It wants us to open our borders to foreign goods to kill our industries."

    The International Monetary Fund and World Bank "have destroyed Africa" and the word "terrorism" could as well be applied to the World Bank and the WTO as to Osama bin Laden and al-Qaeda, he said.

    Now, I would like to direct you to the WTO wiki site:

    Note countries on map who have

    frozen procedures or no negotiations in the last 3 years

    Here's backlash from latest Doha talks:

    WTO: Doha round - why the talks have stalled

    The WTO talks are deadlocked because the major trading powers - such as the US, EU, Australia, Canada and Japan - have been unwilling to make big cuts to their farm subsidies or to reduce unfair trade barriers.

    At the same time they are aggressively demanding that developing countries open up their services sectors - such as banking, telecoms, education and healthcare - and also want poorer countries to dramatically open up their industrial markets, such as leather goods and the auto industry - to overseas corporations.
    The big winners from the talks will be rich countries - and their multinational corporations - who are set to gain an extra $96 billion from a deal that would see minimal cuts to rich world farm subsidies but deep cuts to poor countries' protection for key local industries.

    I would like to show that Gaddafi is no longer as oil "friendly" as he was at the end of the sanctions when he gave the oil companies sweet deals to entice them back into Libya. Keep in mind that Libya's oil industry is nationalized - this is against WTO's policy of privatization.

    Petro-Can paid Libya $1 billion 'signing bonus' in 2008

    A recent WikiLeaks cable says Petro-Canada made a 30-year deal with Muammar Gaddafi's National Oil Corporation in 2008. To close the deal, Petro-Can "swallowed hard" and paid a $1 billion signing bonus.
    (SBU) Comment: Petro-Canada's re-negotiation is the latest in an emerging trend of contract extensions/renegotiations (reftel). The NOC is waging a concerted campaign to re-negotiate or extend existing contracts under better terms, principally with respect to production share. For their part, international oil companies - mindful of the high price of oil and limited venues for new exploration and production - have so far swallowed hard and signed up

    US and British companies walking away from Gaddafi:

    August 2010
    British gas producer BG Group has announced plans to exit Libya

    October 2010
    Four international oil companies (IOCs) including Chevron and Occidental Petroleum have decided not to renew
    changes to the production sharing contract (PSC) in 2007 are likely to have played a role as well.

    The changes Gaddafi made was to increase royalties and refusal of any further privatization of Libyan oil industry.

    The sweet deal era for Libya's sweet oil had come to a close. Hopes for lucrative chunks of the massive oil reserves were dashed.

    To add insult to injury, China and Russia now entering to fill the vacuum caused by the Western companies leaving.

    What's the west to do to counter these events? What they always do - change the regimes.

    So Virginia, it's not just about oil anymore. It's also about WTO globalization that goes beyond oil.

    I will now take you for a walk down memory lane for those too young to remember:

    Eyewitness: The Battle of Seattle  Thursday, 2 December, 1999

    •  CB, (1+ / 0-)
      Recommended by:
      Claudius Bombarnac

      Please cut and paste to save this remark - it deserves to be seen by far more eyes, so you should re-publish this elsewhere.

      Diary worthy, imo.

      Government of the people, by the people, for the people, shall not perish from the earth - Abraham Lincoln

      by Gustogirl on Fri Mar 25, 2011 at 08:42:47 AM PDT

      [ Parent ]

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