March 29, 2004

The sordid truth behind Gaddafi's Miraculous "Conversion":

"For both the UK and US, an energy crisis is looming. The latest BP statistical review of world energy predicted that UK proven oil and gas reserves will last, respectively, only 5.4 and 6.8 years at present rates of use. It has been estimated that by 2020 the UK could be dependent on imported energy for 80% of its needs. The US energy department has calculated that net imports of oil, already at 54%, will rise to 70% by 2025 because of growing demand and declining domestic supply.

Libya produces high-quality, low-sulphur crude oil at very low cost (as low as $1 per barrel in some fields), and holds 3% of world oil reserves. It also has vast proven natural gas reserves of 46 trillion cubic feet, but actual gas reserves are largely unexplored and estimated to total up to 70 trillion cubic feet.

The problem of access to Libyan hydrocarbons was Gadafy's record of running a state terrorist machine - responsible for arming the IRA, the shooting of PC Yvonne Fletcher and the bombing of Pan Am flight 103 over Lockerbie in 1988. Britain had even, according to the former MI5 agent David Shayler, paid £100,000 to an al-Qaida cell in Libya to assassinate Gadafy in 1996, and then granted asylum to a member of the cell named Anas al-Liby, who lived in Manchester until 2000."


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