oil theory about Libya

""Oil should be owned by the State at this time, so we could better control prices by the increase or decrease in production," said the Libyan leader.  These statements have worried the main foreign companies operating in Libya: Anglo-Dutch Shell, British Petroleum, U.S. ExxonMobil, Hess Corp., Marathon Oil, Occidental Petroleum and ConocoPhillips, the Spanish Repsol, Germany's Wintershall, Austria's OMV , Norway's Statoil, Eni and Canada's Petro Canada.  In 2008, the Libyan state oil company, National Oil, prepared a report on the subject in which officials suggested modifying the production-sharing agreements with foreign companies in order to increase state revenues. As a result of these contract changes, Libya gained 5.4 billion dollars in oil revenues." I dont buy this oil theory because Qadhdhafi was a loyal puppet of the US since 2003. (thanks Iqbol)