Muammar Gaddafi and his loyalists are holding onto Tripoli, as the rest of the country is joining with the mass uprising of the people. Gaddafi is attacking his citizens with tanks and from the air, but the populace has weapons too. Some army units have reportedly abandoned the dictator and have joined the popular revolt. Ordinary people have raided police stations and looted abandoned militia bases for weapons. Pitched battles are breaking out everywhere. An unconfirmed rumor that Gaddafi has been shot sent oil prices down.
Gaddafi reportedly depends on foreign mercenaries as his personal military force. From descriptions these seem to be mostly African, rather than Americans who read Soldier of Fortune Magazine, but who knows with mercenaries?
See:
Gaddafi loyalists launch counterattacks; U.S. consults allies on Libya options.