The author provides some interesting details on Gaddafi's variable history with the oil-hungry West, and leads him to this conclusion:
What has led to this new Libyan revolution is the degeneration of the regime born of the 1969 revolution into a crony capitalism. The popular character of the new revolution is undeniable, it is far from clear what sort of regime will emerge out of it. The same greedy and powerful Western interests that first attacked and then propped up the Gaddafi regime are preparing for a change of tack, including considering direct military intervention.See also this article entitled, "Libyan Opposition Leaders Slam U.S. Business Lobby’s Deals With Gaddafi".
Soon after U.S. President George W. Bush dropped sanctions against Libya in 2004, when Gaddafi announced that he intended to give up weapons of mass destruction and expressed his eagerness to join the war on terror, U.S. and British oil producers and business interests jumped at the chance to expand into the country, which has been ruled with an iron fist by the unstable leader for some 40 years.