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Monday, January 31, 2011

Brent Crude Tops $100

Reuters: Brent oil surges past $100 on Egypt anxiety

2 comments:

Glynn Kalara said...

As predicted. The pot is boiling. I hope the Egyptian people decide on peace. If they instead decide on War , watch out $200 a barrel or more by summer. We've armed their army with the finest weapons. The population has been filled with hatred for Israel for 6 decades and anger @ us. It's all going to explode outward is my guess. Throw in the Muslim Brotherhood and you've got real trouble ahead, maybe?

Jim Sande said...

One thing we can count on is it unfolding. The genie is out of the bottle. Its hard to imagine the Egyptians being placated right now but on the other hand the revolution was squelched in Iran. It depends on how much the ordinary Egyptians can stomach, how resilient they are, how determined. Its also possible that this could be an improvement, that what comes out of it will be better. Its unlikely, but it is possible. Throwing a little good possibility in there.