Take a look at the countries that pushed for military intervention. Nearly all of Libya's oil exports go to European countries. Here's why France was one of the countries fiercely pushing for military intervention...
http://in.reuters.com/article/2011/02/22/france-oil-libya-idINLDE71L2BI20110222PARIS | Tue Feb 22, 2011 11:44pm IST
PARIS Feb 22 (Reuters) - France, which imports about 15 percent of its crude oil needs from Libya, will quickly have to start using its strategic stocks if supply from the country is stopped, the president of the French oil industry union said.
A growing revolt against Libyan leader Muammar Gaddafi has already prompted some oil companies to stop production in the country and others to bring staff home. "It would be very, very worrying if there were no longer any crude oil imports from Libya," Jean-Louis Schilansky said.
"We will tap strategic stocks quite quickly," he said, adding that he was not aware of any disruption so far to physical supplies.
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Britain was another country pushing fiercely for military intervention...
http://www.telegraph.co.uk/news/worldnews/africaandindianocean/libya/8369240/Libya-British-plans-to-strip-Gaddafi-of-oil-revenue.htmlSunday 20 March 2011
Libya: British plans to strip Gaddafi of oil revenue
Britain is studying plans to take billions of dollars of Libyan oil revenues away from Colonel Muammar Gaddafi's regime and place them under the control of the United Nations.
http://www.upi.com/Science_News/Resource-Wars/2009/08/14/Britain-eyes-Libyan-oil/UPI-54261250271038/Britain eyes Libyan oil
Published: Aug. 14, 2009 at 1:30 PM
LONDON, Aug. 14 (UPI) -- With Britain running out of energy and Tripoli needing cash, British energy giants are scrambling to exploit vast unexplored natural resource fields in Libya.
British energy giants Royal Dutch Shell, BG and BP signed preliminary deals with the Libyan government to help develop the national oil and gas sector. BP announced a $900 million deal with Tripoli in 2007, while Shell moved on a similar deal in 2004 when the U.N. Security Council lifted weapons-related sanctions.
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Italy has dropped it's friendship agreement with Libya and backed the UN agreement once they figured out Gaddafi didn't have sufficient control. Italy's whole economy is dependent on a stable Libya and gets nearly a quarter of it's crude from Libya...
http://www.nytimes.com/2011/03/06/world/europe/06italy.htmlTurmoil in Libya Poses Threat to Italy’s Economy
By RACHEL DONADIO
Published: March 5, 2011
But Italy — which gets nearly a quarter of its crude oil and 10 percent of its natural gas from Libya, has billions of dollars in lucrative contracts with the Libyan government and receives billions more in Libyan investments — has held back on freezing any assets. Officials say they are waiting for a “coordinated” response from the European Union about whether the measure applies to Libyan sovereign funds, a ruling that Italy said it hoped would come as soon as next week.
With Libya in turmoil and Colonel Qaddafi clinging to power, no country has more at stake than Italy, which finds itself in its most complicated diplomatic position in decades, pulled between its commitment to NATO and human rights and its scramble to protect its investments in a country that has once again become a pariah.
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http://globalresearch.ca/index.php?context=va&aid=23605"Operation Libya" and the Battle for Oil: Redrawing the Map of Africa
by Prof Michel Chossudovsky
March 9, 2011
The geopolitical and economic implications of a US-NATO led military intervention directed against Libya are far-reaching.
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 sixty percent of the world's reserves of oil and natural gas, including oil and gas pipeline routes.
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http://arabnews.com/economy/article290952.eceLibya oil chief: Output down 50 percent
By TAREK EL-TABLAWY | ASSOCIATED PRESS
Published: Feb 28, 2011 21:41 Updated: Feb 28, 2011 21:41
CAIRO: Libya’s oil chief said on Monday that production had been cut by around 50 percent, and argued it was “safe” for foreign oil workers to return after a mass exodus sparked by Muammar Qaddafi’s violent campaign to retain control of the country.
The assurances by Shukri Ghanem, the head of the state-run National Oil Company. and Libya’s de facto oil minister, came as uncertainty swirled about the state of the OPEC member’s production and who was actually in control of the brunt of the nation’s oil. Libya sits atop Africa’s largest proven reserves.
The country is the only OPEC member so far seriously affected by the protests in the Arab world, and unrest there has sent shudders through global oil markets.
Yeah, it's about oil and the billions of dollars connected to it.
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