Tuesday, February 1, 2011

Will Egypt Survive?

Recently, there has been a tremendous uproar in Egypt seeking the removal of Hosni Mubarak as president. This man has been in control of Egypt for 30 years and has lost the support of the citizens, who are seeking to bring a more democratic government to power. There has yet to emerge any real organization to the protests and this leaves much of the world wondering where this will lead. Many fear that without a strong, organized democratic movement, Egypt will fall the way of Iran in 1979. The student revolt there was begun with democratic intent, overthrew a U.S. ally in the Shaa, and opened the door for the country to become a Muslim theocracy because of the lack of leadership in the original revolt. There seem to be many similarities to Egypt, today. Mubarak has been a reliable ally in many ways and has remained in power with U.S. support. The current revolt is very disorganized and seeking leadership. This vacuum could result in either worse or better government and that will take time to be seen. Why is it important to the rest of the world? Mostly, it’s the Suez Canal, a major shipping route for the all important oil. This means that more than Iran, Egypt is being closely watched by all.
This may be a good opportunity to invest in oil and energy if you have the ability. I'm looking at what options I have. There are some interesting start-ups that are worth a look. Anything to counteract the increases in electric and gasoline costs.

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