Article

2012-07-22 Africa North

The worst thing that could happen to Egypt

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Posted by g(r)omgoru 2012-07-22 04:37|| || Front Page|| [11129 views ] Top

#1 Left out 2 decimal places.
$9.43

Posted by Water Modem 2012-07-22 06:29|| 2012-07-22 06:29|| Front Page Top

#2 And fracking will break the Arab oil financial basis. Looks very bad for them.

Posted by phil_b 2012-07-22 06:40|| 2012-07-22 06:40|| Front Page Top

#3 Egypt is broke. Many thousands had worked in Libya under Qaddafi. With that gone they are hurting for certain. Pipeline keeps getting blown up also. This was a Western oriented country but no more.
Back to the days of Nasser most likely.

Posted by Dale 2012-07-22 07:05|| 2012-07-22 07:05|| Front Page Top

#4 And fracking will break the Arab oil financial basis. Looks very bad for them.

Isn't fracking's break-even point $60 per barrel?

Posted by Zhang Fei 2012-07-22 07:42|| 2012-07-22 07:42|| Front Page Top

#5 They just found gas off Egypt's coast, but it will take a while to get it out of the ground. In the meantime...

Posted by trailing wife 2012-07-22 08:12|| 2012-07-22 08:12|| Front Page Top

#6 Egypt has missed debt payments. The Saudis loaned a bill to them. losing a pipeline every month can't help

Posted by newc 2012-07-22 08:58|| 2012-07-22 08:58|| Front Page Top

#7 Gee, and both my giveadamns are at the cleaners....

Posted by Barbara 2012-07-22 09:42|| 2012-07-22 09:42|| Front Page Top

#8 Allan Snackbar's not open

Posted by Frank G 2012-07-22 10:01|| 2012-07-22 10:01|| Front Page Top

#9 So to distract the hungry people the government will have to destroy the pyramids and/or attack Israel.

Posted by Glenmore 2012-07-22 10:16|| 2012-07-22 10:16|| Front Page Top

#10 The problem goes far beyond just Egypt. If the price of bread and basic grains were to double, there could be widespread riots across many countries in Africa and the third world. Heck, even Mexico would be hard hit by a change like that.

You get that sneaking suspicion that a lot of countries that are stable, but just borderline stable, could really topple over - and become failed states.

Posted by Raider 2012-07-22 10:40|| 2012-07-22 10:40|| Front Page Top

#11 corn and soy coming next.

Posted by tipper 2012-07-22 11:23|| 2012-07-22 11:23|| Front Page Top

#12 My kid said that California should drop the bullet train and use the money to buy the pyramids. Stick them in the Delta and attract tourists.

Salafists don't want them we should take them.

Posted by DoDo 2012-07-22 11:32|| 2012-07-22 11:32|| Front Page Top

#13 All this is OK, we will continue to use food (corn) to dilute gasoline. /s

Posted by tipover 2012-07-22 11:58|| 2012-07-22 11:58|| Front Page Top

#14 Old Dilbert quote - if people are starving in Egypt, they should move to France!

Posted by Raj 2012-07-22 12:53|| 2012-07-22 12:53|| Front Page Top

#15 My kid said that California should drop the bullet train and use the money to buy the pyramids. Stick them in the Delta and attract tourists.

Salafists don't want them we should take them.

You better act quick... last I heard Zawi Hawass was leaving the country, and taking his pyramids with him.

Posted by Thing From Snowy Mountain 2012-07-22 13:00|| 2012-07-22 13:00|| Front Page Top

#16 The patented seed corn is GMO, and inedible, labeled as "Not for Human Consumption" but it produces huge yields and takes farm ground out of food production. You can't just divert usage from ethanol to food.

Posted by OmuluqueHapsburg5085 2012-07-22 13:14|| 2012-07-22 13:14|| Front Page Top

#17 Old Dilbert quote - if people are starving in Egypt, they should move to France!

They tried that once, not including the numerous raids along the southern Mediterranean coast.

Posted by Procopius2k 2012-07-22 13:58|| 2012-07-22 13:58|| Front Page Top

#18 It can't be that bad. I just bought 15# of rice for about 40 cents a pound. In America at retail and delivered to a store, and during the worst drought in the history of Arkansas, which is where much U.S. rice is grown.

Add some beans, and or meat and there you have a full day's food supply for a person for much less than a dollar.

Absent ridiculous levels of corruption and incompetence Egyptians should be able to pay less than me. And if there are ridiculous levels of corruption and incompetence, then Egyptians should be expected to riot about that.

Posted by rammer 2012-07-22 17:36|| 2012-07-22 17:36|| Front Page Top

#19 Absent ridiculous levels of corruption and incompetence Egyptians should be able to pay less than me

they import a lot - that adds shipping, graft as you noted, waste. More expensive.

Posted by Frank G 2012-07-22 18:45|| 2012-07-22 18:45|| Front Page Top

00:01 JosephMendiola
23:38 SteveS
23:30 JosephMendiola
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22:38 Frank G
22:26 Water Modem
22:25 Redneck Jim
21:44 JosephMendiola
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21:17 Abu Uluque
19:56 Frank G
19:43 Zhang Fei
19:37 Zhang Fei
19:29 Zhang Fei
19:01 Frank G
19:00 Dale
18:56 Frank G
18:45 Frank G
18:41 Dale
18:40 Shinter Javirong9154
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17:58 badanov
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