Libya produces some two percent of oil that Europe gets and from those imports Italy buys almost a full third of that oil and gas. One can see how quickly this disruption in oil flow can create problems when a country is that dependent on that much oil from one place. As the turmoil and unrest in the Arab lands begins its' move out of the Middle East the effect will be felt throughout all of Europe. This is where the rise of Europe gains momentum and as this trouble across the Middle East increases so will the strength of Europe and Germany in particular. The problem of oil shortages will cause worldwide problems and In the early stages Europe will feel the pain more so than the US.
Kadafi is threatening to blow up his oil wells while Iran is rattling swords and an oil crisis is heading into Europe. The problems which have been on simmer will now go to full boil as people cry out louder for homeland ideals and a call to oust foreigners from their countries, and this will be Muslims in particular. No longer will PC be the standard as the unrest builds in the streets of Europe and moves throughout the world. This is not Democracy being born in the Middle East it is hatred and chaos being reincarnated. .