I find the current "crisis" in Bahrain more worrisome.
Libya is a sideshow and Qaddafi is an assclown.

As far as those insisting that this is all about oil ? the same ones said that the War in Iraq was all about oil. To this day Iraqi oil production has not increased much nor has oil's price fallen on the world markets as a benefit of these wars, incursions, meddling in internal affairs or whatever the mantra be.

Use of petrochemical fuel has little future now. The predictions of gasoline at today's prices was made years ago with the current high costs leading to the development of alternative forms of transportation not reliant on petrochemical fuel. So, unless OPEC floods the market with cheap oil fast, OPEC's own greed will be their own demise.

This recession that we are in was triggered by excessive energy prices at its core. Combined with the "financial crisis" scam as the reason waived before the public for the looting of the peoples assets and livelihoods. So, who is screwing who? Most of us are on the receiving end as usual. Those of us who maintain that we are the higher part of the food chain feel the pain of the others worse off in the form of sluggish business growth, lost sales and the resulting revenue loss.

I would rather pay "too much" for alternative fuels to domestic suppliers than pay the "oil tax" to OPEC and the like. Perhaps a lousy trade off but in the long run this will allow developed countries to regulate fuel costs with the political and economic consequences in consideration.