As I have often stated, I post so much every day, some good posts get overlooked. (The good news: the bad posts also get overlooked. Smile.)
For those interested in the Brent - WTI spread here are a couple of links:
It will be interesting to see the price of oil on Monday vis a vis Egypt, and the Brent-WTI spread.
This was posted on the 12th day of protests in Egypt, on a day in which things seemed a bit worse, but not yet a tipping point. With army tanks now taking up positions in Cairo (a new development on the evening of February 5, 2011), we may soon see a tipping point. When the army asks for the crowd to disperse and it doesn't, it puts the army one step closer to taking outright control. Army leaders are not used to folks disobeying their orders. And Mideast military leaders are probably even a bit less tolerant.
The leaders of the army are bright, well-trained men (and women?) who have been trained in the best senior service schools in England and the US. They have much to lose if a non-secular (as it has been called) party is allowed to participate in a new government. The Egyptian air force leadership would have similar leadership abilities and background.
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