Egypt will blow up did you see brian williams face he is in shock..

[Petsamo]

Quote from SteveD:
How would closing the Suez harm the US? I think less than 10% of world oil goes through there

Then oil should rise 10%, from $100 to $110.

 

[spindr0]

Quote from clacy:

I'm not sure Egypt really matters. They don't have a ton of oil and they're a pretty small economy.

What matters in Egypt is "being" Mubarak. His personal wealth is estimated to be in the vicinity of $40-70 billion with real estate trophy assets in London, Rodeo Drive, Manhattan, etc. His sons are billionaires as well (I wonder if our economists are doing such precise forecasts

Egypt is ranked something like 20th in oil production and only 3% or so of the world's oil goes through the Suez canal so on paper, a loss of that shouldn't be catastrophic. But in reality, what's important is how much fear that loss engenders and if the speculators start running amok. That's where the money is made. Watch what price is doing not what the pundits think events will mean.

 

[spindr0]

Quote from noob_trad3r:

If Palin was president we would be sending troops now.

To quote Ronald Reagan's son Ron,

"Sarah Palin is a soap opera, basically. She's doing mostly what she does to make money and keep her name in the news. She is not a serious candidate for president and never has been."

 

[Spike Trader]

Why would the '' New Egyptians '' close the Suez ? they will lose millions in revenue.

 

[shortie]

Quote from shortie:

is he heavily Short?

i just knew he was short. the market kept going up the whole week.

 

[joe4422]

Don't forget the Suez Canal. We could see 200 dollar oil if that gets closed.

 

[Ash1972]

Quote from joe4422:

Don't forget the Suez Canal. We could see 200 dollar oil if that gets closed.

Fingers and toes crossed.. oh, please

 

[IanMacQuaide]

Quote from joe4422:

Don't forget the Suez Canal. We could see 200 dollar oil if that gets closed.

Unfortunately, that would only happen over the dead bodies of thousands of young Americans in uniform.
That would be horrible.
ymmv, fwiw and imho

 

[chartman]

Quote from tivthetrader:

i do not understand why we turned on Mubarik here instead of backing him. Now that we have shown we won't back a stable leader in Egypt, it will give fuel to all the radicals in the region. You have to know the Arab mentality to get this- big mistake by Obama, and I have been an Obama supporter.

This could easily be the start of radical Muslims taking over all of the Arab Middle Eastern countries. A major turn of events in the area.

 

[chartman]

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Quote from SteveD:
How would closing the Suez harm the US? I think less than 10% of world oil goes through there

Quote from Petsamo:

Then oil should rise 10%, from $100 to $110.

Nonsense. The price of oil never reflects the so-called crisises. It is only an excuse to gouge the public.