This blog: http://tiny.cc/kggbmw
Below you will find a quick calculation to find out how high the oil revenues of Libya were in the past, and How much money Ghadaffi possibly stole from his people.
For me the calculation is too complicated.
But I can say this: he received about 30 billion $ per year in oil revenues.
That is per capita about 4000 US $.
We know that education and health care was free in Libya.
I think that the education and health care took already a lot of the oil revenues.
Then we read in a statement of Qfinance ( see red section below) that Ghadaffi was unable to contain corruption, and preferred that the money went directly to the people, and not end up with the rich upper class. ( The early supporter of Mandela and of the Palestinians does look a lot like all the western people who want to do good, it seems.)
This earned him a strong animosity among the leading class, and may have been the real reason why they collaborated quickley with the rebels, and left Ghadaffi.
Where did Ghadaffi put all the billions that he stole from the government ?
Population: 6.4 million
Else I read that only 1 million Libyans worked.
Most of the work was done by guest workers from other countries: 1,5 million of them.
Let's assume that the Libyans did not pay any taxes.
Let's assume that all the oil income was for Ghadaffi, and he gave part of it to the state and kept the rest for himself.
How much money did he receive , per year?
From 1985 to 2005 the price per barrel was about 25 $ per barrel.
From 2005 to 2010 it was around 70 $ per barrel.
In 2009 Libya produced around 1,2 million barrels per day.
If 7,4 million people earn 12000 $ per year, this amounts to 88.800.000.000.
The government dominates Libya’s socialist-oriented economy through complete control of the country’s oil resources. Oil revenues constitute the principal source of foreign exchange. Much of the country’s income has been lost to waste, corruption, conventional armaments purchases, and attempts to develop weapons of mass destruction, as well as to large donations made to developing countries in attempts to increase Qaddafi’s influence in Africa and elsewhere. Although oil revenues and a small population give Libya one of the highest per capita GDPs in Africa, the government’s mismanagement of the economy has led to high inflation and increased import prices. These factors resulted in a decline in the standard of living from the late 1990s up to 2003.
Muammar Qaddafi’s most recent economic plan for Libya is the Wealth Distribution Plan, in terms of which the government aims to eliminate the majority of Libya’s key ministries in favor of the direct distribution of oil wealth to the people. Instead of channeling oil revenues to the people through layers of bureaucracy, the idea is to streamline and transform the whole state apparatus. So far, despite efforts to diversify the economy and encourage private sector participation, there remain extensive controls on prices, credit, trade, and foreign exchange, all of which act to constrain growth and discourage private investment. Import restrictions and inefficient resource allocations by government departments and agencies have caused periodic shortages of basic goods and foodstuffs.
Although agriculture is the second-largest sector in the economy, Libya imports most foods. Climatic conditions and poor soils severely limit output, while higher incomes and a growing population have caused food consumption to rise. Domestic food production meets about 25% of demand. The Libyan government has announced ambitious plans to increase foreign investment in the oil and gas sectors, with the aim of significantly boosting production capacity from 1.2 million barrels per day (bpd) to 3 million bpd by 2012. The government is also pursuing a number of large-scale infrastructure development projects such as highways, railways, air and seaports, telecommunications, water works, public housing, healthcare, and hotels.
Video about the good things of Ghadaffi: http://www.youtube.com/watch?v=D162BZ92SMM
171 b. Amnesty International: Ghadaffi did not shoot on demonstrating people, no rapes, no viagra etc. June 2011
NZ Herald. This article: http://tiny.cc/sf4rfw