External HDD for iPhoto '11?

hey guys.

have 128gb macbook air, , bought shiny new camera .

problem is, want shiny new camera shoot pictures @ highest possible quality, , picture files coming out @ 30mb each! 128gb macbook air surely run out of space because of camera...

using iphoto organize photos (and because can process raw photos camera).



tl;dr, i'm wondering if macbook can manage iphoto library on usb external hard drive.
, i'm wondering if plug external hard drive iphoto library other macs family members can check out pictures.

in advance!!

 

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