This is a great article from Dissident Voice where they go through Wikileaks diplomatic communiques and show how pertinent information has been ignored by the press, including the Guardian.
In March, we drew attention to a cable released by WikiLeaks sent from the US embassy in Tripoli in November 2007. The cable communicated US concerns about the direction being taken by Libya’s leadership:
Libya needs to exploit its hydrocarbon resources to provide for its rapidly-growing, relatively young population. To do so, it requires extensive foreign investment and participation by credible IOCs (international oil companies). Reformist elements in the Libyan government and the small but growing private sector recognize this reality. But those who dominate Libya’s political and economic leadership are pursuing increasingly nationalistic policies in the energy sector that could jeopardize efficient exploitation of Libya’s extensive oil and gas reserves. Effective U.S. engagement on this issue should take the form of demonstrating the clear downsides to the GOL (government of Libya) of pursuing this approach, particularly with respect to attracting participation by credible international oil companies in the oil/gas sector and foreign direct investment. (our emphasis)
They point out how:
Even more seriously, in late February 2008, a US State Department cable described how Gaddafi had ‘threatened to dramatically reduce Libya’s oil production and/or expel… U.S. oil and gas companies’. The Post explained how, in early 2008, US Senator Frank R. Lautenberg had enraged the Libyan leader by adding an amendment to a bill that made it easier for families of the victims of the Lockerbie bombing to ‘go after Libya’s commercial assets’.
The Libyan equivalent of the deputy foreign minister told US officials that the Lautenberg amendment was ‘destroying everything the two sides have built since 2003,’ according to a State Department cable. In 2008, Libyan oil minister Shokri Ghanem warned an Exxon Mobil executive that Libya might ‘significantly curtail’ its oil production to ‘penalize the US,’ according to another cable.
http://dissidentvoice.org/2011/06/three-little-words-wikileaks-libya-oil/There have been plenty of reasons for corporatists to want to do away with Qaddafi, and the interventionists' continually carped claim that oil can't be a motivator because of his reliability is just splintered to the four winds by this kind of stuff.
Please read.