Gaddafi has been in power since 1969! With more than four decades of corruption and terrorism behind him, he is probably one of the most hated politician in history.
Libya produces a tiny amount of the world's oil, and the spike in oil price is more about the possibility that Saudi Arabia, Iran, or even Iraq could be the next shoe to drop.
To persuade the people of Saudi Arabia not to get their pitchforks out, the Saudi king has announced a $35 billion handout to the masses, which amounts to $1300 per person. Will it keep them quiet? Will it be enough to keep you quiet, Suhail?