Posts Tagged ‘Egypt’

“Walk Like an Egyptian”

Posted today on The Huffington Post, Thursday the 17th. Click on the link to read it at the HuffPost.

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The unrest in Egypt is a microcosm of the sins of a global economy!

Egyptians, tired of oppression, wealth disparity, and the indignities perpetrated on the middle and lower income classes, revolted against this soft tyranny that has inflicted pain on the people over the last 30 years. The Egyptian people wanted to control their own fate. They wanted a new government and they wanted Mubarak to leave.

The world feared that the turmoil in Egypt would spread throughout the Middle-East — to Saudi Arabia, Algeria, and other oppressed nations in the region.

Clearly, the Egyptian people had had enough of high unemployment, the listless growth in the country, the transfer of wealth to the top one percent of the Egyptian population, and the gluttony of the Monarch!

If this sounds familiar, it is! The only difference between Egypt and the United States is the number of bandaids available and a media not doing its job in exposing the unsustainable problems we have on the horizon.

When will the Americans wake up? When will the oppressed populace take to the streets of American cities?

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“Oil: Mucking Up the Recovery”

Posted on The Huffington Post on Monday, February 21. You can read it on HuffPost by clicking on the link to the article.

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Our dependence on oil leaves us vulnerable to the disruptions in the middle-east!

As Egypt erupted in demonstrations against oppression, unemployment, and wealth disparity, virtually shutting down their economy, oil prices began to rise—speculation that the middle-east could explode into chaos disrupting the flow of oil.

NYMEX passed $90 a barrel and Brent Crude crossed the $100 mark.

As the turmoil grew all eyes were on the Suez Canal, concerned about what closure would do to the transport and cost of oil. The long trips around the Cape of No Hope would be costly moving the price of oil and gasoline to untenable heights.

Speculators were poised to take advantage of the chaos hoping to line their greedy pockets with green.

Where should the price of a barrel of oil and a gallon of gas be?

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Posted in Economy, HuffPost Articles, Oil, Opinion | Comments Off