Crazy
Well if Hitler knew about the Libyan oil he didn't tell the Italians! They were busy scuttling around East Africa looking for it in the 30's but ignored Libya. I don't think the Libyan reserves were tapped until the early 60's. Until that point the Libyan cash-crop was scrap metal from vehicles destroyed during the war in the desert.
The big sources of British oil were the gulf and Persia, especially through the old anglo-iranian oil company.
Jumbo
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"Capital! We're nearly out of ammunition! Now we can get at them with the bayonet!" General Paddy Gough, 1st Sikh War
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