The Scramble for Libya's Oil Wealth.

Here's some excerpts from brilliant article from journalist Rachel Shabi for Al Jazeera ( NATO nations set to reap spoils of Libya war 25 August 2011 )

It looks like the more telling news on Libya has migrated to the business pages. With jubilant reporting of Gaddafi's imminent downfall seizing headlines, it's the financial pages that have the clinical analysis. So, for instance, it is in this section that the Independent reports a "dash for profit in the post-war Libya carve up".

Similarly, Reuters, under the headline, "Investors eye promise, pitfalls in post-Gaddafi Libya" noted that a new government in that country could "herald a bonanza for Western companies and investors".

Before Tripoli has completely fallen, before Gaddafi and his supporters have stepped down and before the blood dries on the bodies that have yet to be counted, Western powers are already eyeing up what they view us just rewards for the intervention.

There are no more illusions over how far NATO forces exceeded the UN security resolution that mandated its campaign. For months, NATO officials insisted it was operating within brief - an air campaign, designed to protect civilians under threat of attack. But now it is described as an "open secret" that NATO countries were operating undercover, on the ground.

Add to that the reluctance to broker a negotiated exit, the practice of advising, arming and training the rebels, and the spearheading of an escalation in violence and it looks like NATO's job morphed from protecting civilians to regime change.

.....Gaddafi's demise is welcome; the courage of Libyans who fought his regime is staggering and only a stone would fail to be moved by their celebration of freedom now.

But it does not negate those factors to point out that NATO countries have not previously seemed bothered by the bloodiness of this dictator's 42-year-rule - or that the striking feature of the West's relationship to the Middle East has been its cynical alliances with repressive rulers, propped up to shut down their populations while opening up resources to foreign access.

It is exactly this track record - of being a corrosive influence and a self-interested broker - that has made Middle Eastern countries wary of any Western intervention in the tide of revolutions now sweeping the region.

Libyan rebels asked for help, but were wary of what was viewed as a necessary alliance with Western forces. It does the flow of Arab uprisings a disservice to now glorify NATO's mission. A liberal intervention for humanitarian ends may be the comfortable hook; but securing assets and resources, as usual, is the real goal.