02-01-2011, 05:06 PM #1
the uprise in Egpyt and the price of gas...
If the Suez Canal gets restricted like many feel might happen, price of oil going to $4-5 a gallon...it will be tough riding a high performance two-stroke..
02-01-2011, 05:10 PM #2
The oil that the U.S. imports does not pass through the Suez Canal.
02-01-2011, 05:11 PM #3
- Join Date
- Oct 2005
yup, and this is the perfect reason to shove it right up the good ol USA`s A$$ after all the help we give to those counties without getting paid back! WTF!
are we getting oil out of Kuwait yet???
Last edited by Pale Rider; 02-22-2011 at 04:30 PM. Reason: spelling
02-01-2011, 05:37 PM #4
02-01-2011, 05:40 PM #5
02-01-2011, 05:57 PM #6
The U.S imports the majority of it's oil from canada. Mexico and saudi arabia are tied for 2nd as oil suppliers to the U.S. So, what happens in egypt shouldn't affect us directly. But, you know some clown speculators on wall street have already made their oil futures purchases and now the media will get pumped up by wall street with the "sky is falling" egypt crap and the price of a barrel will go up. The speculators get richer. We go more broke.
02-01-2011, 06:33 PM #7
yep oil prices are based mostly on supply and demand but the barrel can be bidded up in the futures market do to speculation, such as fear, war or civil unrest anywhere in the world ,especially the oil producing region...the world is already on a high demand fron economically growing countries like China and India...the oil price is like stock market prices, where uncertainty and speculation determine the price alot of the time, not a companies good fundamentals...
02-01-2011, 06:59 PM #8
02-01-2011, 07:36 PM #9
It's not just Egypt.
In the last few weeks, the rule of Tunisia's Ben Ali has already been toppled, and Hezbollah has toppled the Lebanese government. Today they announced the King of Jordan has dismissed his government as well. Some are already calling for the Suez Canal to be closed. If this spreads to Saudi Arabia and keeps going, gas prices may be the least of our concerns, see links below:
Worldwide Islamist revolution explodes
The Muslim Brotherhood: the enemy in its own words
02-01-2011, 07:39 PM #10
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