Article

2012-03-23 Africa North

The Crash Arrives: Egypt Petrol Shortage Causes Long Queues

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Posted by trailing wife 2012-03-23 00:00|| || Front Page|| [10 views ] Top

#1 So, the artificial low price has bu them where it hurts. NO sympathy from me.

Posted by Redneck Jim 2012-03-23 00:45|| 2012-03-23 00:45|| Front Page Top

#2 Wot about Hamas, then!
Israel to allow 450,000 liters of fuel into Gaza to ease energy crisis

Posted by tipper 2012-03-23 04:46|| 2012-03-23 04:46|| Front Page Top

#3 If this continues, they will undoubtedly be turning to "Green Energy" sources very soon.

Posted by Besoeker 2012-03-23 07:15|| 2012-03-23 07:15|| Front Page Top

#4 "Fuel is highly subsidised in Egypt to maintain the price of 15 US cents (11 euro cents) per litre of 80 octane petrol, the cheapest quality."

There is a WSJ article yesterday on this. It points out that bread is also subsidized and that Egypt's food situation is as bad as its fuel situation.

Posted by Lord Garth 2012-03-23 08:53|| 2012-03-23 08:53|| Front Page Top

#5 ...they will undoubtedly be turning to "Green Energy" sources very soon.

They might as well use algae; they know all about slime.

Posted by Steve White 2012-03-23 08:55|| 2012-03-23 08:55|| Front Page Top

#6 they will undoubtedly be turning to "Green Energy" sources very soon.

Soylent green.

Posted by g(r)omgoru 2012-03-23 09:07|| 2012-03-23 09:07|| Front Page Top

#7 There are less than 4 liters in a gallon. At 15 cents a liter, a gallon is less than 60 cents. The last time I filled up I paid almost $4 a gallon. I couldn't afford to fill my tank, but I got it up to halfway.

Cry me a river, Gyppos! I can't believe these savages continue to receive US taxpayer money. It's an abominiation.

Posted by Scooter McGruder 2012-03-23 10:26|| 2012-03-23 10:26|| Front Page Top

#8 Cry me a river, Americans---I pay 8.06 USD per gallon (2.128514056 per liter)

Posted by g(r)omgoru 2012-03-23 14:49|| 2012-03-23 14:49|| Front Page Top

#9 You MUST be paying 'retail' g(r)om.

Posted by Besoeker 2012-03-23 15:19|| 2012-03-23 15:19|| Front Page Top

#10 It's 7.95 IS per liter, IS is 3.735 per USD. There are 3.78541178 liters per gallon. Do the math, Besoeker.

Posted by g(r)omgoru 2012-03-23 16:20|| 2012-03-23 16:20|| Front Page Top

#11 One of muslim brotherhood entity's presidential candidates wants offenders against islam, to be bled to death. Someone would have to be brain dead to invest in that pig-pen.

Barry and Hillary, tell us what you have done for threatened Copts in North Africa. Nothing?

Posted by Jinesing Dingle1220 2012-03-23 16:31|| 2012-03-23 16:31|| Front Page Top

#12 Amr Mustafa, deputy head of the General Petroleum Authority, said smugglers control 15 to 20 percent of petrol products available on the market, the independent daily Al-Masry Al-Youm quoted him as saying.
This guy knows little about economics. Why would smugglers pay spot price for petrol to smuggle into Egypt when they could arrange for their supplies through corrupt Gov officials at 80% discount. Back hand 40% to the officials and every one is happy including the Saudis who will be paid through the ever generous IMF, who are mainly funded by the US. Win/win all round, especially for the Saudis.

Posted by tipper 2012-03-23 17:55|| 2012-03-23 17:55|| Front Page Top

#13 They will be smuggling in from Libya where its even cheaper.

Those smugglers are saving the government a lot of money.

Posted by Phil_B 2012-03-23 20:13|| 2012-03-23 20:13|| Front Page Top

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