OT: Question (Was: Re: SC - contacting the new Majesties)

[Mercedes OfTheFlame]

Since it is going to freeze tonight in my neck of the woods, I want to bring 
in all the basil still left on the plant, mince it up and stick it in a 
bottle of olive oil.

After I do this, do I have to keep the oilve oil in the frige?  Will the 
basil go bad if it just sits in the oil on the shelf in my pantry?
Thanks 
Phillipa