So I guess it's safe to say, at least, that the shit is currently hitting the fan in Libya.
A couple of tidbits from the interior minister, Abdel Fattah Younes, who has resigned:
"The Libyan people have suffered too long. We have so much oil, the people could have lived as in a 5 star hotel."
"Gaddafi's speech was very clear to any one who has a brain. He is nervous, he is stubborn. He may commit suicide."
Also, in other developments, the Canadian government has finally condemned Gadhafi, and has begun the planning and process of extracting Canadians from the country:
Ottawa condemns Gadhafi, plans evacuation - The Globe and Mail
Also, have a look at an interesting infographic regarding Libya and Gadhafi's influence in Africa, and the implications of it vapourizing:
Gadhafi's influence on Africa - The Globe and Mail