Originally posted by STRATIOTES:
Control is not about oil per-se it is about the use of the dollar in all trade so the Fed gets a cut of the action.
Follow the yellow brick road
Control is about control, and money, whether gold, oil, or scraps of printed cotton, is the primary means of control.
Saddam was not threatening to use nukes; like Iran, he was threatening to denominate his oil in a currency besides the FRN.
As for the strategic significance of Libya:
History so dictates, as recently as WW2, that Libya makes for a fine N. African beachhead.
The irony of the uber-tyranical U.N. going after Quadaffi, is the stuff of classic parody, but in a world gone utterly insane, it makes great sense!