Regardless of how much oil we get from Libya, our relationship with Libya is very important to our friends in Europe who get a great deal of their diesel fuel from Libya. To assume only our immediate interests are involved would be naive. I have no doubt we would have never rekindled our lovefest with Libya had it not been for enormous pressure from our allies who need their oil.
Also, even though we get a small amount of oil from Libya, its the quality of oil. Their oil is superior for stuff like fighter jet engines, which we value highly even if its such a small amount.
Overall, I say we get the hell out of there, because we are literally going to go bankrupt digging the middle east out of its own doing. I wish we had all the money, but we don't. Maybe China should get off their wealthy *** and do something besides screw with the value of our currency just this once.