The Middle East
Anyone else think this thing is going to spread over quite massively? I am hoping it will at least to Saudi and get their royal family out.
Anyways thoughts on how this may affect the global economy and more importantly oil prices?
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Oil increased by more than 4% today http://money.cnn.com/2011/01/28/markets/oil_egypt/
Hopefully american citizens take note of what others are doing around the world, and a revolution begins to take back our liberty and freedom from despotism totalatarianist regimes
Can you please clarify what totalitarian regime is in charge of the US? I was unaware we had a despotic dictator (and I'm a Republican/Libertarian, btw).
The individual leading our country is a mere puppet that speaks well and can articulate his point concisely, albeit only with the use of a teleprompter. I'm no conspiracy theorist, just a realist
Viva la revolucion!
Do you really have to ask what the effect on oil prices will be from instability in the middle east?
This will not spread to Saudi. The Saudi government can always ameliorate the effects of rising food prices and energy prices by doling out oil money to its citizens. Egypt can't.
People (esp. the poor) revolt when they can't afford to eat, not because of some political BS. Look at wheat, corn, etc. price charts over the past few months and it's pretty obvious what has happened. If a large percentage of the population is living on a few bucks a day, that's a high % going to food and a sudden rise is very, very painful. They riot against any government; that's what happened in Tunisia and now Egypt.
Expect more of this type of stuff over the coming decades as food and energy prices continue their march upward.
Food prices are 100% driving this. Bloomberg's daily economic newsletter had the current misery index around the world and bright red areas were exactly the ones flaring up. People are starving and cannot eat. This "revolution" will only result in extremism.
Just wait until Yemen falls and we no longer have support on our war on terrorism.
Obama has his test now. Bush had 9/11. Obama has the whole ME melting down.
Agree with this. Food is a major issue. Anyone care to check how much is the reduction of wheat production in Tunisia?
And so it begins http://www.bloomberg.com/news/2011-01-28/mubarak-asks-egyptian-governme…
Why would it ever goto Saudi? Have you ever met anyone from Saudi? They are super super happy.
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