Rebels declare themselves the new Government & Oil Company of Libya

What happened to democracy?  The Libyan rebels declared themselves as the new government, with no democratic anything before hand, and several European governments have already recognized the rebels as the true government of Libya.

To top that the rebels, calling themselves The Transitional National Council, have now declared themselves as the new oil officials of Libya.  Already several European countries announced that they will be making oil deals with this “government” of Libya.

Not only that but the rebels have already set up their own central bank to handle oil transaction deals, sure sounds like this “revolution of the people for democracy” is all about oil.