Egypt: Oil and Bread
CNN is reporting that some 4.5% of world oil –2.9 million barrels a day– ships through Egypt and the Suez Canal. Apparently the arteries themselves are OK but the communications — Internet and phones– are spotty after being shut down by the government.
Prices are holding at $90/barrel for now (about $3.50/gal in Southern Marin today)
ABC Australia reports concern there.
The NYTimes is reporting on the virtual halt of commerce, including government subsidized bread baking.
For four days now, containers arriving on ships have been stacking up at Egypt’s largest port, shipping company employees and truck drivers here said. With distribution networks barely functioning and the Internet down since Thursday night, much of business in Egypt has nearly ground to a halt.
And of course, in any country so split in wealth and privilege, once the fear of the police is gone so are the protections taken for granted only yesterday.
long-simmering resentments have burst into open class warfare.
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