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Monday, January 16, 2012

Timing Is Everything -- The Mideast -- Nothing To Do With The Bakken

Earlier this evening, perhaps an hour ago, I updated this old posting, with recent events putting an Islamist in charge of Egypt's parliament. I concluded the post by saying that it will be interesting to see what Egypt looks like in 18 months.

Now, just an hour later, I see the headline story in the LA Times. Maybe we are seeing some foreshadowing.

Go the new link to get the visual of what Egypt looks like now. 
Worry over fuel supplies has gripped the country for more than a week. Many gas stations have been forced to shut down or remain open for only a few hours. The government said premium and regular-grade gasoline is available but that drivers are hoarding over speculation that prices will rise.

Minister of Petroleum Abdullah Ghorab told local media that more than 15,000 tons of gasoline is provided to gas stations each day, 2,000 tons more than the usual daily consumption. He said the government has no intention of raising the price of fuel, which is subsidized, and urged consumers not to panic.

But gas station managers say supplies have been cut.
A picture is worth a thousand words, they say.

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