According to IHT Global Opinion, “Abdel Basset Ali al-Megrahi, the only person convicted in the 1988 bombing of Pan Am Flight 103 over Lockerbie, Scotland, died on May 20, 2012.” Mother Jones reported, “In 2007, BP and the Libyan government agreed upon a $900 million oil exploration deal for the Gulf of Sidra. Last year, BP admitted that it had lobbied the UK government on the issue, after the company became ‘concerned that a delay in concluding a prisoner transfer agreement with the Libyan government might hurt a $900 million oil deal it had just signed.’ ”
The figures below strongly suggest real reasons for the release of the Lockerbie Scotland bomber. Figure 1 shows the declining oil production in the UK sector of the North Sea. The decline began around 2000 without interruption and includes the Norwegian sector as well.
In fact, “Oil and Gas of the United Kingdom (OGUK) estimated an 18% fall in North Sea production in 2011 compared with an average 6% decrease over the last five years. Meanwhile, exploration drilling is down 50% versus 2010, a level not seen since the mid-1960s.”
Figure 2 illustrates the fact that the National Oil Companies (e.g., Saudi Aramco) own approximately 94 percent of the world’s oil assets in contrast to 6 percent by the International Oil Companies (e.g., BP)
Conclusion: Both the UK and BP suffer from declining oil assets. It is highly likely that the UK made a deal with Libya for the untimely release of the Lockerbie Scotland bomber in exchange for BP access to Libyan oil. The 270 lives that were lost in the plane crash over Scotland in 1988 counted for nothing and the United States did nothing of substance to prevent this release.Tags: BP, Declining North Sea Oil Production, International Oil Companies, Lockerbie Scotland Bomber, National Oil Companies