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Will Egypt seize Libya for its oil?
Financial Post ^ | Lawrence Solomon

Posted on 10/05/2012 10:02:16 PM PDT by Olog-hai

Will Egypt seize Libya for its oil? Given Egypt’s political ideology, its history with its neighbors, and its material needs, this must be a live issue. …

The Muslim Brotherhood government desperately needs a $4.8-billion IMF bailout to stop the bleeding but it refuses to curtail its subsidies, as the IMF demands, for fear of triggering a popular revolt. It is instead hoping for aid from oil states and the U.S. government, but even if this materializes, it will be at best a stopgap. With tourists, the country’s chief source of foreign exchange, steering clear of Egypt because of its anti-Western riots, and with foreign investors equally fearful of venturing into the country, Egypt’s options are daily becoming more limited. The temptation to look next door to Libya could be irresistible, particularly since Egypt views union with Libya as inevitable. …

(Excerpt) Read more at opinion.financialpost.com ...


TOPICS: Business/Economy; Editorial; Foreign Affairs; War on Terror
KEYWORDS: egyptmb; libya; libyaoil; middleeastoil

1 posted on 10/05/2012 10:02:21 PM PDT by Olog-hai
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To: Olog-hai
That's as crazy as the idea that Egypt would seize Nubia for it's gold.

Wait...

/johnny

2 posted on 10/05/2012 10:06:46 PM PDT by JRandomFreeper (Gone Galt)
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To: Olog-hai
...“In the past three months, Egypt has experienced increased power cuts that sometimes last for hours, while a fuel and diesel crisis has at times paralyzed the country, with mile-long queues forming outside petrol stations.” The black market price for gas canisters is 10 times higher than the official selling price; for bread it’s five times higher..."

Sounds like what Egypt needs now are some 'Miss Me Yet' billboards.

3 posted on 10/05/2012 10:35:57 PM PDT by Fred Nerks (FAIR DINKUM)
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To: Fred Nerks

Perhaps, if they actually missed him. The sick thing is that the majority want things to be the way they are now.


4 posted on 10/05/2012 10:38:38 PM PDT by Olog-hai
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To: Olog-hai

It is instead hoping for aid from oil states and the U.S. government,

Why are we giving money to muslims when they are actively at war with America???


5 posted on 10/05/2012 10:47:15 PM PDT by SECURE AMERICA (Where can I sign up for the New American Revolution and the Crusades 2012?)
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To: Olog-hai

Why not? Declare a caliphate. Why stop with Libya?


6 posted on 10/05/2012 10:48:57 PM PDT by PGR88
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To: Olog-hai

Will Iran invade Iraq for the same reason?


7 posted on 10/05/2012 10:58:08 PM PDT by 2ndDivisionVet (You cannot invade the mainland United States. There would be a rifle behind every blade of grass.)
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To: 2ndDivisionVet

They might.

They’ve conquered Iran culturally anyhow, what with posters of Ayatollah Khamenei all over the place. And Maliki agreed to military cooperation with Iran about a half-decade ago. A great number of the insurgents that US troops were fighting in Iran were from Iran, too.


8 posted on 10/05/2012 11:01:53 PM PDT by Olog-hai
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To: 2ndDivisionVet

They might.

They’ve conquered Iraq culturally anyhow, what with posters of Ayatollah Khamenei all over the place. And Maliki agreed to military cooperation with Iran about a half-decade ago. A great number of the insurgents that US troops were fighting in Iran were from Iran, too.


9 posted on 10/05/2012 11:02:05 PM PDT by Olog-hai
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To: PGR88
The caliphate has already been declared . . . and they want al-Quds Jerusalem to be its capital.
10 posted on 10/05/2012 11:04:21 PM PDT by Olog-hai
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To: Olog-hai
Didn't I read this story in a book?

/johnny

11 posted on 10/05/2012 11:13:39 PM PDT by JRandomFreeper (Gone Galt)
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To: Olog-hai
Well that will stymie Obambi from invading Libya....

On second thoughts...maybe a joint Egyptian - Obambi lead USA two pronged attack on Libya

12 posted on 10/06/2012 3:05:07 AM PDT by spokeshave (The only people better off today than 4 years ago are the Prisoners at Guantanamo.)
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To: spokeshave

Very Possible—BUT France, Italy and the UK will not let this happen. They want the oil and will not sit by and let the Egyptians take it. If this is true—watch Egypt to get cozy with Putin’s Russia for support before they make a move.


13 posted on 10/06/2012 4:06:19 AM PDT by Forward the Light Brigade (Into the Jaws of H*ll)
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To: Olog-hai

As long as the MB rules Egypt, let them rot. What could be good is the Egyptian Army to pull a coup.


14 posted on 10/06/2012 6:49:11 AM PDT by CORedneck
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To: CORedneck

There’s no chance of that. The MB already pulled their own coup on the army by replacing the top generals.


15 posted on 10/06/2012 7:13:58 AM PDT by Olog-hai
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