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The key point is that while Libya allows the biggest US-European multi-nationals to plunder its oil wealth, it did not  become a strategic geo-political-military asset of the empire.  As we have written in many previous essays the driving force of US empire-building is military and not economic.  This is why billions of dollars of Western economic interests and contracts had been sacrificed in the setting up of sanctions against Iraq and Iran – with the costly result that the invasion and occupation of Iraq shut down most oil exploitation for over a decade.