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Gadaffi told me that night in Tripoli that if he were overthrown, the western powers would quickly grab Libya’s oil. His words were prophetic. The uprising that began earlier this year was organized, armed and supported by French and British intelligence. NATO warplanes and helicopters, and special forces, did the serious fighting and broke Gadaffi’s forces. All the gun waving rebels were window dressing to cover a western military intervention that was supposedly for "humanitarian" purposes. Last week, a French Mirage fighter reportedly destroyed the convoy in which Gadaffi fleeing besieged Sirte. He was seriously wounded, and then captured and lynched by an angry mob. Competing groups of western-backed technocrats and former regime members will now vie for power with militant Islamists and hard men from Benghazi. The British, French, and Italians, all former colonial masters of North Africa’s coast, will likely offer troops for "training." Businessmen and carpetbaggers from Europe, the US and Canada are already pouring into Libya, a new sandy version of Alaska’s Klondike gold rush. What will happen to Gadaffi’s reserves of tens of billions of dollars remains to be seen. Expect a flood of fraudulent emails from Nigeria, "I am Col. Gadaffi’s former finance minister and need you help to move $15 million out of Libya." Other mysteries remain. Where is Abdullah Senoussi, Gadaffi’s brother-in-law and intelligence chief? I dined with him in Tripoli. He holds the answers to the mysteries of the 1980’s sabotage of a French UTA and Pan Am airliners. Was Libya really behind these crimes, or was it framed? The French and Americans will want access to Libyan intelligence files and to Mr. Senoussi, who has been already convicted in absentia in France of the UTA bombing. If Gadaffi was indeed behind the aircraft bombings, as most of the world believes, then he deserves not one bit of sympathy from us. If not, then we should at least acknowledge him for building modern Libya. When I first came to Libya in the early 1970’s, it was little more than a fuel and rest stop on the road between Alexandria and Tunis. Only united in 1951, Libya barely existed at the time. Its doddering king, Idris, was a British puppet. The US had its largest overseas air base in Libya. Gadaffi, for all his crazy antics, daffy outfits, spasmodic cruelty and nutty "Green Revolution," managed to unite Libya, providing it with housing, hospitals, roads, a thriving oil industry and the trappings of modern civilization. But he also wasted billions on his madcap Great Manmade River that brought ancient artesian water from the Sahara to the coast. Unfortunately for Libyans, if Gadaffi had employed good economic sense instead of his crackpot "Arab socialism," Libya today would probably be a well-run powerhouse like Qatar and the UAE. Instead, Gadaffi squandered untold billions promoting anti-colonial revolutions, and trying to make himself the chief of black Africa. But his money did not buy friends. Or at least not for very long. During the 1980’s, the US, Britain, France and Egypt tried repeatedly to assassinate Gadaffi. But from 2003 until last year, Gadaffi was rehabilitated; he and his high-grade oil were brought into the western fold. President George W. Bush hailed Gadaffi as, "our important ally in the war against terror." Gadaffi toured Europe, where he held hands with France’s Nicholas Sarkozy and Italy’s Silvio Berlusconi, exchanging vows of friendship and cooperation. Lured by oil, Britain’s Tony Blair came to Tripoli to grovel before Gadaffi. When rebellion erupted in Benghazi earlier this year – very likely sparked by the French and British intelligence services – Gadaffi quickly lost his new friends and was again relegated to pariah. Libya’s oil was too great a prize to stand on treaties or promises. Gadaffi failed to see what was happening. Going from humble Bedouin herdsman to absolute ruler was too much, too fast. Gadaffi was not crazy, but for sure he was the oddest person I have met. But he was also sly as a fox and truly charismatic. In a world of Arab dictators in poorly tailored suits, Gadaffi was a peacock – albeit a dangerous one. After all these years, I still can’t figure out whether Gadaffi was really hearing voices that guided him, or just having adolescent fun scandalizing and frightening the world. October 24, 2011 Eric Margolis [send him mail] is the author of War at the Top of the World and the new book, American Raj: Liberation or Domination?: Resolving the Conflict Between the West and the Muslim World. See his website. Copyright © 2011 Eric Margolis