Capitalization of modules in Node.js

Tradition in Node.js dictates you import core modules using this style:

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var fs = require('fs');
fs.readFile(packageJSONPath, readOperationDidFinish);

I’ve adhered to that style for the most part, but it’s always rubbed me the wrong way.
As a core modules that points to a collection of static methods, capitalization is more appropriate.
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var FS = require('fs');
FS.readFile(packageJSONPath, readOperationDidFinish);

Where the correct decision becomes most apparent is when using the path module:

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var Path = require('path');
var join = Path.join;
var path = join(process.cwd(), 'package.json');

We used lowercase for local values, and using lowercase for the path module easily results in naming conflicts.