July 3, 2013
As oil supplies fell (click here) in the last week by about 10 million barrels and unrest in Egypt roils oil and financial markets, drivers can expect a bump in gas prices this Independence Day weekend, say petroleum watchers.
The political turmoil in Egypt intensified as the Egyptian President Mohammed Morsi said on Wednesday that he will stay in office despite an ultimatum that he meet the demands of protesters or else the military will suspend the constitution and disband parliament...
The Egyptian democracy? That has nothing to do with the price of oil in the USA. It is fascinating to watch Wall Street exploit the meager understandings of the American people.
One of Egypt's challenges (click here) is to satisfy increasing domestic demand for oil in the midst of falling domestic production. Although in recent years, oil output has experienced moderate increases from new production at smaller fields.
Egypt produces more LNG than oil and it is primarily shipped through the Suez Canal and pipelines to the Persian Gulf. So, what has the Egyptian democracy got to do with gas hikes?
The propaganda in the USA is absolutely ludicrous. As soon as there is any kind of 'trauma' anywhere in the world it is an excuse for oil commodities to skyrocket and "Oh the poor American is expecting every bit of it."
You can tell Americans don't think on a regular basis, because, if they did they would know the reason people are upset in Egypt is because the economy AND availability of gas for Egyptian cars has dwindled. The people of Egypt are upset. For very real reasons. They can't get around with their automobiles and they don't have electric cars.
I see this dilemma as interesting.
Under President Mubarak the oil obtained from Egyptian oil wells was refined and sold domestically in Egypt. Now, under President or should I say former President Morsi Egyptians have no gasoline in their tanks. So, where did the oil go? Not to domestic refineries otherwise there would be no interruption in the gas supply to the Egyptian citizens.
That is a question I am sure every Egyptian is asking. I have to wonder what the next stop for the former President will be, a cell next to Mubarak?
Oh, that phenomena with Americans? "Push button." The American consumer is push button. Makes all the politics easy. I mean, why not get mad enough to declare war on Egypt after all?
As oil supplies fell (click here) in the last week by about 10 million barrels and unrest in Egypt roils oil and financial markets, drivers can expect a bump in gas prices this Independence Day weekend, say petroleum watchers.
The political turmoil in Egypt intensified as the Egyptian President Mohammed Morsi said on Wednesday that he will stay in office despite an ultimatum that he meet the demands of protesters or else the military will suspend the constitution and disband parliament...
The Egyptian democracy? That has nothing to do with the price of oil in the USA. It is fascinating to watch Wall Street exploit the meager understandings of the American people.
One of Egypt's challenges (click here) is to satisfy increasing domestic demand for oil in the midst of falling domestic production. Although in recent years, oil output has experienced moderate increases from new production at smaller fields.
Egypt produces more LNG than oil and it is primarily shipped through the Suez Canal and pipelines to the Persian Gulf. So, what has the Egyptian democracy got to do with gas hikes?
The propaganda in the USA is absolutely ludicrous. As soon as there is any kind of 'trauma' anywhere in the world it is an excuse for oil commodities to skyrocket and "Oh the poor American is expecting every bit of it."
You can tell Americans don't think on a regular basis, because, if they did they would know the reason people are upset in Egypt is because the economy AND availability of gas for Egyptian cars has dwindled. The people of Egypt are upset. For very real reasons. They can't get around with their automobiles and they don't have electric cars.
I see this dilemma as interesting.
Under President Mubarak the oil obtained from Egyptian oil wells was refined and sold domestically in Egypt. Now, under President or should I say former President Morsi Egyptians have no gasoline in their tanks. So, where did the oil go? Not to domestic refineries otherwise there would be no interruption in the gas supply to the Egyptian citizens.
That is a question I am sure every Egyptian is asking. I have to wonder what the next stop for the former President will be, a cell next to Mubarak?
Oh, that phenomena with Americans? "Push button." The American consumer is push button. Makes all the politics easy. I mean, why not get mad enough to declare war on Egypt after all?
