1. The hard part in Libya is over, and an easy path to clean, Norway-style petro-democracy lies ahead. (Pssst - no, I don't actually believe that, but so many people are warning us not to believe it that I thought I could drive traffic here by being the only person on the Internet saying it, who could then get linked and debunked by all the wise people out there.)
It requites no great prescience to see that this will all end up badly. Qaddafi’s failure to collapse on schedule is prompting increasing pressure to start a ground war, since the NATO operation is, in terms of prestige, like the banks Obama has bailed out, Too Big to Fail. Libya will probably be balkanized.