"Qaddafi was wedded to the idea of floating a ‘gold dinar’ in conducting international oil trade. He urged the OPEC members to re-price their oil in thegold dinar, instead of dollars. His view resonated well with the African petro-economies. Such a bold move could have had ‘ground-shifting’ implications for the world economic order. A country’s economic strength would depend on thegold reserves and not on its dollar assets. In 2000, Saddam Hussein announced that Iraqi oil would be traded in euros, not dollars. Some say that the sanctions and the invasion followed because the US was desperate to deter other OPEC members from toeing a similar line.
The ocean of fossil water reserves that lie under Libya’s deserts have the potential for more lucrative profits than the fossil fuel reserves. There are 3 major aquifers that lie beneath the Sahara. The largest among is the Nubian Sandstone Aquifer System (NSAS), which spans through 4 African nations—Chad, Egypt, Sudan, and Libya—and is called the world’s largest fossil water system, which could transform lives, lands, and economies. Libya’s ‘Great Man-made River’ project, a large underground network of pipes and aqueducts, was conceived in the late ’60′s. Funded by Qaddafi without foreign loans, construction began in 1984, costing $20 billion so far and supplying water to the populated coastal settlements. With the completion of the project, water shortage throughout Libya would have been a distant thought. In a post-Qaddafi era, the project may fall in corporate hands whose interest may lie in ‘commercializing’ water"................LINK
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