Posted on 01/29/2011 3:33:57 PM PST by therightliveswithus
Bedouin tribesman have reportedly taken control of two towns in the Sinai Peninsula. These two towns are the closest to the Gaza Strip and right next to the border with Israel. There were reports yesterday that Bedouin tribes had besieged a police station in Suez and it appears that these riots have spread. This would effectively end the Mubarak dictatorships control of the region. There are no reports of the Egyptian military stepping in here.
The more disturbing news is a threat that has been made by the tribes if Mubarak does not step down. According to one report coming from Time Magazine, they are willing to attack the Suez Canal if Mubarak does not leave. The Suez Canal currently is where a third of the worlds oil and six percent of all products passes through. A seizure of the Canal could spike oil prices beyond the current $90 level, perhaps over $110. This could come to pass despite the fact that Egypt is not a major oil producer.
It has been speculated that the Egyptian army would not allow the Canal, perhaps Egypts most important economic element, to be attacked. However, there appears to be little to no protection and one report states that at least one ship has been attacked there. Others have reported fear of passing through due to the unrest.
(Excerpt) Read more at worldthreats.com ...
“I dont think we have a side in this.”
We bought it. We paid for it. It’s OURS!
Oh wait a second...sorry, wrong canal;)
The USA should be prepared to seize the Suez canal.
Before this is over, Obama will be doing the same self flagellation, or having his wookie do it.
Obama means to create a new alliance for America, with the World Wide Caliphate Movement. He is Lawrence of Arabia on liberal fascist steroids.And we will pull his plug.
I don’t know that Obama minds the Suez Canal being shut down. He hates oil as much as he hates America.
Shutting the Suez bodes worse for Europe than the US. Let them shut it down it will teach Europe a valuable lesson about preparedness and vacilation.
“Of course, I’m sure Obama has thought all this through. Chris Matthews assures me he’s very smart.”
////////////////////////////////////////////////////////////
No doubt about it! I ‘spect Obama may be ALMOST as smart as Chris! HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
And don’t forget a few rounds of golf.
I agree, Obama woud consider the closure of the SUEZ canal a plus.....IMHO he has helped plan for it.
It will be years until we realize the damage Zero and the inner sanctum have done in secret.
Wonder if this was just one of the plans by the commies/muslims for their sock-puppet Zero..the long term payouts by Zero and influence abroad creating chaos which will come back around and nail the U.S., rendering the Republican gains in Congress less effective. Of course then the planned chaos at our shores. They want him re-elected in 2012 at any cost. And interesting how Emmanuel and Axelrod are both in Chi-town. Two more excellent candidates for the “One Hundred Heads” contest.
http://sipseystreetirregulars.blogspot.com/2010/12/enemies-foreign-and-domestic-petes.html
I sincerely doubt the blockage of the Suez canal would have ANY effect on the US economy other than those caused by political repercussions. To wit:
What percentage of US purchased goods travel through the Suez canal? (nearly none)
What percentage of US SALES travel through the Suez canal?(even less)
What percentage of US-bound oil travels through the Suez canal? (not a drop)
Europe will pay dearly for any loss in transit on the Suez, but if anything, the US could stand to benefit, since all the goods that transit the Suez for Europe could then be sourced from “other places”...
CHINA would suffer more, since a considerable portion of its goods are in transit through the canal at any given moment.
Circles within circles, FRiends...
Closure of the Suez Canal and/or Sumed Pipeline would divert tankers around the southern tip of Africa (the Cape of Good Hope), adding greatly [6,000 miles] to transit time and effectively tying up tanker capacity.
Considering the amount of tanker oversupply worldwide due to the current global economic conditions, I repeat that a closure of the Suez canal will have a minimal effect on the US economy, especially relative to a canal’s closure effect on Europe. Yes, there would be a momentary blip, but that would be so insignificant, we might as well ignore it.
US oil is mostly imported via pipeline. What tanker traffic there is (mostly Alaskan crude) is already bought and paid for, therefore NOT affected by the fungible nature of oil. There are literally DOZENS of vlcc’s sitting idle waiting for any reason to sail.
You may be correct, but I think you are grossly underestimating the potential fallout.
The Muslim Brotherhood threatened to close the Suez Canal. Hope they don’t end up being in charge, but it doesn’t look good.
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