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megimoo
01-28-2011, 09:52 PM
"There goes the Suez Canal to Large Crude Carrier !"

SUEZ, Egypt -- Thousands of Egyptian protesters stormed the main police station Friday in the port city of Suez, overwhelming security authorities and raising an even bigger challenge to the embattled regime of President Hosni Mubarak.The protesters freed prisoners from the city jail and destroyed armored police vehicles, then sacked the building and looted its contents.

The demonstrators emerged from Friday prayers at mosques in Suez and confronted police officers outside the station. Police fired at the demonstrators, who then surged forward to take over the station. The protesters dragged fleeing riot officers off their motorbikes and seized their batons and equipment.They also set at least a half-dozen armored vehicles on fire.This reporter witnessed the scene as the Egyptian government lost control.After storming the police station, protesters removed its contents: refrigerators, desks, files and other equipment.

http://www.miamiherald.com/2011/01/28/2039497/protesters-in-suez-storm-main.html

"Over 35 million barrels per day (bbl/d) pass through the relatively narrow shipping lanes and pipelines discussed below. These routes are known as chokepoints due to their potential for closure. Disruption of oil flows through any of these export routes could have a significant impact on world oil prices."

Novaheart
01-28-2011, 10:13 PM
Gas went to $2.99/gal here today.

bflavin
01-28-2011, 10:16 PM
$3.03 here...hit it yesterday or the day before.

megimoo
01-28-2011, 10:16 PM
Gas went to $2.99/gal here today.Standby for some big pain !

Rockntractor
01-28-2011, 10:24 PM
No worries, Obama and Guvmint motors announced a new windmill powered car!
http://i686.photobucket.com/albums/vv230/upyourstruly/imagesqtbnANd9GcQORpBN0CsANib1SvpW4CGpspmCjXSuEiCx-6Ne3FfXbKpCPa1g.jpg

Novaheart
01-28-2011, 10:27 PM
Standby for some big pain !

Oil below $86 amid weak indicators, earnings
THE ASSOCIATED PRESS

BANGKOK -- Oil prices hovered below $86 a barrel Friday in Asia, dragged lower by weak economic and earnings news.

Benchmark crude for March delivery was down 7 cents at $85.57 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.

The contract lost $1.69 to settle at $85.64 a barrel on Thursday and is down from nearly $93 a barrel last week as evidence accumulated that demand isn't strong enough to sustain crude prices at those levels.

Starbuck
01-29-2011, 01:00 PM
Oil below $86 amid weak indicators, earnings
THE ASSOCIATED PRESS

BANGKOK -- Oil prices hovered below $86 a barrel Friday in Asia, dragged lower by weak economic and earnings news.

Benchmark crude for March delivery was down 7 cents at $85.57 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.

The contract lost $1.69 to settle at $85.64 a barrel on Thursday and is down from nearly $93 a barrel last week as evidence accumulated that demand isn't strong enough to sustain crude prices at those levels.

http://oil-price.net/1m_small.gif
http://oil-price.net/dashboard.php?lang=en

The above chart shows the price of oil for one month. Closed at 89.34. The link sends you to the oil dashboard. All is not well.

ColonialMarine0431
01-29-2011, 02:31 PM
STRATFOR Global Intelligence just released this...



Red Alert: Hamas and the Muslim Brotherhood

The Egyptian police are no longer patrolling the Rafah border crossing into Gaza. Hamas armed men are entering into Egypt and are closely collaborating with the MB [Muslim Brotherhood]. The MB has fully engaged itself in the demonstrations, and they are unsatisfied with the dismissal of the Cabinet. They are insisting on a new Cabinet that does not include members of the ruling National Democratic Party.FULL REPORT (http://www.stratfor.com/analysis/20110129-red-alert-hamas-and-muslim-brotherhood?utm_source=redalert2&utm_medium=email&utm_campaign=110129&utm_content=readmore&elq=bf4109c3e04c44278cbeca012085645e)

Odysseus
01-29-2011, 06:50 PM
Well, I know how I'll be spending the next few years. And I was afraid that they were going to cut the defense budget...

Kay
01-29-2011, 07:12 PM
Not looking good in light of that, CM.

megimoo
01-29-2011, 08:06 PM
Not looking good in light of that, CM.The question is how far will this spread.The Taliban is on a roll and plan on taking full advantage of the mood on the Arab street.Saudi Arabia if threatened will demand America to come and defend her.Just what this 'bean bag' of a president will do is a wild guess but judging from his past track record he'll side with the Taliban against Americas interests.