If history has taught us anything then the only possible outcomes for Colonel Gaddafi in Libya will not make pleasant reading for him.
http://english.aljazeera.net/news/middleeast/2011/02/201122641559301766.html
The longer he tries to hold on to power the worse he is going to make things for himself and despite the rhetoric he probably knows that himself but is to proud to give in and wants to down fighting like some kind of martyr. The problem is that he is killing his own people in the process, despite the official line which nobody believes: Libyans on the ground know what is happening and the rest of the World see a beleaguered leader resorting to any measure to fool others into thinking nothing is happening. Rumours last week that he had fled to Venezuela were unfounded but were probably the only chance he had of getting away with what he had done whilst sunning himself in South America, assets still intact. In such a scenario no one would have pursued him as it would look vindictive and the West don't want to appear to be interfering. Because of this fear he may still be able to sneak out the back door but with reduced foreign assets but the way things are playing out he is more likely to be overthrown and it remains to be seen whether he is killed in the process or arrested for War Crimes. The more he attacks his own people the more likely the former but if the UN get involved then that would make his arrest favourite although by then his supporters may have taken him into hiding.
   Death, jail or on the run - not great prospects for a World leader but then that is the price he will have to pay for not listening to his people.