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Egypt Turmoil; Oil Price
Topic Started: Monday, 31. January 2011, 17:32 (789 Views)
Aidan
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Fears that the turmoil in Egypt could disrupt oil shipments passing through the Suez canal and engulf the Middle East drove the price of Brent crude oil through the $100 barrier for the first time in over two years.

The price of a barrel of the benchmark Brent crude soared by more than $1.50 to as high as $101.08 a barrel as the protests against President Hosni Mubarak's regime intensified. Prices are now at their highest since September 2008, at the start of the financial crisis.

Abdullah Al-Badri, secretary general of Opec, the cartel of oil producers, expressed concern about the situation in Egypt and added that Opec did "not want 2008 to be repeated", referring to when oil prices hit a record $147. But he said the cartel would not increase production on the back of the surge in prices as he believed there was no shortage of oil.

Since August, oil prices have been steadily increasing from around $70 on the back of higher demand as the global economy recovers from the downturn, fuelling inflation.
http://www.guardian.co.uk/business/2011/jan/31/egypt-turmoil-pushes-oil-over-100-dollars

There is the whole article. Yes, although the article is more specific about the UK (UK website should explain it), it brings up some big points. The price for oil has been at its highest since September 2008 and that was when the entire financial crisis began.

Not only that, but people are beginning to point fingers at America for having a good friendship/relationship/bond with Egypt because we have been in the past and will continue to be.

What do you have to say about this whole matter? Do you think it's fair to blame America, or even put America into this in any way?
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Joe
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Hi.
I find it funny that they (the Egyptian government) shut off the internet and whatnot because of their protests. :P
Joe
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Aidan
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It really can't be shut-off, according to my teachers. If there are as many people on the computer as there are people protesting, there should be loopholes/some kind of way to get online. But yes, they did it for communication purposes just like they did on 9-11.
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Dragon Lord
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You have to love how other countries blame America for problems happening somewhere else. There could be an Earthquake in Antarctica and America would be blamed for it.
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Aidan
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Dragon Lord
Monday, 31. January 2011, 19:41
You have to love how other countries blame America for problems happening somewhere else. There could be an Earthquake in Antarctica and America would be blamed for it.
Really? Well I'm not denying what you're saying, but I didn't know that. Mainly because I barely pay attention to news, and it's only been as of late that I have actually payed any attention or cared at all. It's funny how they do that, though. :P
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Dragon Lord
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DaPizzaMan
Monday, 31. January 2011, 19:46
Dragon Lord
Monday, 31. January 2011, 19:41
You have to love how other countries blame America for problems happening somewhere else. There could be an Earthquake in Antarctica and America would be blamed for it.
Really? Well I'm not denying what you're saying, but I didn't know that. Mainly because I barely pay attention to news, and it's only been as of late that I have actually payed any attention or cared at all. It's funny how they do that, though. :P
Most countries that hate us seem to at least attempt to connect us to anything they don't like. They just want reasons to make people hate America, and maybe even some of them are looking for a "valid" reason to declare war. North Korea, for example.
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Aidan
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Dragon Lord
Monday, 31. January 2011, 19:49
DaPizzaMan
Monday, 31. January 2011, 19:46
Dragon Lord
Monday, 31. January 2011, 19:41
You have to love how other countries blame America for problems happening somewhere else. There could be an Earthquake in Antarctica and America would be blamed for it.
Really? Well I'm not denying what you're saying, but I didn't know that. Mainly because I barely pay attention to news, and it's only been as of late that I have actually payed any attention or cared at all. It's funny how they do that, though. :P
Most countries that hate us seem to at least attempt to connect us to anything they don't like. They just want reasons to make people hate America, and maybe even some of them are looking for a "valid" reason to declare war. North Korea, for example.
Correct me if I'm wrong, but I though we had a strong bond with Egypt. Don't we do business with them?
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Dewey
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Minister of Jargon and Pointless Words
Totally talking about this in class tommarow (even though we are done studying Egypt)
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Dragon Lord
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DaPizzaMan
Monday, 31. January 2011, 19:51
Dragon Lord
Monday, 31. January 2011, 19:49
DaPizzaMan
Monday, 31. January 2011, 19:46
Dragon Lord
Monday, 31. January 2011, 19:41
You have to love how other countries blame America for problems happening somewhere else. There could be an Earthquake in Antarctica and America would be blamed for it.
Really? Well I'm not denying what you're saying, but I didn't know that. Mainly because I barely pay attention to news, and it's only been as of late that I have actually payed any attention or cared at all. It's funny how they do that, though. :P
Most countries that hate us seem to at least attempt to connect us to anything they don't like. They just want reasons to make people hate America, and maybe even some of them are looking for a "valid" reason to declare war. North Korea, for example.
Correct me if I'm wrong, but I though we had a strong bond with Egypt. Don't we do business with them?
Oh, I'm not talking about Egypt. I'm talking about all the countries that dislike America. They will and probably have already found ways to blame the US for this whole oil thing. Of course, being in good friendship with Egypt will probably be their biggest reason for why they blame the US.

From what I've seen over the years, and I pay a lot of attention to stuff like this, it seems the countries that dislike the US will usually always blame us for something that goes wrong, just because they want reasons to hate America. It's no secret that a lot of Middle Eastern countries hate our way of life, and think it's wrong and want to destroy it. That's why I think it's dangerous for America to really get involved in anything, because we don't know who will jump at the opportunity if we were to get involved.

Sadly, it's a daily fear for America. Will this be the day someone tries to attack us? It's only a matter of time, I'm sure.

Anyways, my North Korea comment was just an example to a country who would indeed attack the US if we were to get involved in something they didn't like, and a country that tends to blame America for a lot of problems that we had nothing to do with.
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Aidan
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Dragon Lord
Monday, 31. January 2011, 19:58
That's why I think it's dangerous for America to really get involved in anything, because we don't know who will jump at the opportunity if we were to get involved.

Sadly, it's a daily fear for America. Will this be the day someone tries to attack us? It's only a matter of time, I'm sure.
I see what you mean by this, Dragon Lord. Unfortunately, America just has to get itself involved in everything that goes on everywhere. That's like our promise to the rest of the world: "Is your country about to have a war? Do you dislike your form of government? Say no more, America is here to assist you =D ".
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Sabre
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^ Lol.

Sucks to be an Egyptian. We talked about this a bit in spanish class.
currently going through my old posts on here... how did you people stand me?
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Dragon Lord
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DaPizzaMan
Tuesday, 1. February 2011, 18:45
Dragon Lord
Monday, 31. January 2011, 19:58
That's why I think it's dangerous for America to really get involved in anything, because we don't know who will jump at the opportunity if we were to get involved.

Sadly, it's a daily fear for America. Will this be the day someone tries to attack us? It's only a matter of time, I'm sure.
I see what you mean by this, Dragon Lord. Unfortunately, America just has to get itself involved in everything that goes on everywhere. That's like our promise to the rest of the world: "Is your country about to have a war? Do you dislike your form of government? Say no more, America is here to assist you =D ".
Very unfortunate. Not only that, but our government just has to jump at the chance to try to convert other countries to our way of life. And that's what's going to get this country into a lot of trouble some day. The government tries to force our way of life on the rest of the world, and it'll be us - the people - who will be the ones to pay for it.
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Joe
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Hi.
I love how Fox News got Egypt misplaced with Iraq on the map with their report on this. :r
Joe
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Aidan
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Oh yeah, I saw M.o.D.'s topic on that. Haha, pretty hilarious. xD
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