MORE OIL: Libyan rebels swiftly took control of the country's capital over the weekend, raising hopes that the oil-rich nation would resume exports sooner than expected.
LOWER GAS PRICES: Libya sits on the biggest oil reserves in Africa. A resumption of its 1.5 million barrels of exports every day would likely lower the price of gasoline in the U.S. and other countries.
GRADUAL RETURN: It could take a year or more to bring Libya's exports near levels from before the uprising. Security must be re-established, a new government must be formed, the United Nations must lift international sanctions and damage to oil fields and pipelines must be repaired.