Moammar isn’t delusional. He’s held onto power for 40 years, and that doesn’t happen by accident.
He won’t admit publicly that there’s a problem because he believes that would make him look weak in the eyes of the people trying to oust him. He’s not a Panglossian fool- he knows the threat to his power is very real, and he’s doing everything he can to stamp out that threat.
Moammar may or may not survive this current assault on his rule, but he’s proven himself adept at survival and at annihilating his enemies. It’s not at all obvious he won’t survive THIS crisis. And IF he does, he knows damn well that he can say whatever he wants, and there won’t be any negative consequences, because too many nations are dependent on his oil.
Laugh at him if you want, but are you SURE he won’t have the last laugh?