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There. the former justice minister, and this is a quote, said this: to hide his involvement, qaddafi did everything in his power to get megrahi back from scotland. was that just a charade that scottish and british authorities fell for, that he was suffering from cancer and humanitarian reasons and the real reason may have been to hide qaddafi's order ? >> maybe that was part of it, but i think the real reason that megrahi was let go was to force the oil and business interests with britain and the united states, as well. oil was behind this. that's why he was released. there is information out ...

If libya plays a harsh crackdown it will give creed dense to al-qaida's oppression. it will create an opening for al-qaida that have used libya for a base. other sunni arabic leaders have come to accommodation with iran which seems to be emerging as one of the big beneficiaries of the unrest long term. jenna: catherine, thanks. gregg: we are getting now new information on that killer earthquake in new zealand. brand-new pictures of the devastating images there as hopes fade for finding any more survivors. more than 200 people this hour are still missing. if it turns out to be true, the fears t...

Jon: just into the newsroom. new amateur videotape out of libya.take a look at this. this is benghazi. [gunshots and shouting] gregg: scenes of a civil war.

Gas today at $3.22 per gallon. our next guest has a stark warning for all of us. he says we're facing potentially the biggest oil crisis ever. he is a market analyst as pfg best research and a contributor for fox business. the worse crisis ever, phil, why. >> reporter: it is, we don't know where this is going to end. today we're talking about libya. tomorrow we could be talking about algeria or yemen or heaven forbid saudi arabia the world's largest oil producers. the oil prices are settling down a little bit because we hear from opec members, mainly saudi arabia that they are always making pl...

For enforcing a no-fly zone as tempting as that may be. that would certainly end the kind of strafing by helicopters and aircraft he is doing with his mercenary force but it would like western interventionism if nato did that i think it is a very bad idea unless the arab league itself called for it. i think sanctions and a strong statement for democracy should be done now. we should not again wait to go to the u.n. we should try that but that will take time. we have the authority at the at writing of a pen, signing of a statement by the president to do that. it should be done in coordination w...