[sammyg2]

Originally Posted by svandamme

Egypt produces less then 1% of the oil in the world... It's not in a very strategic place relative to other oil countries either...
Libya left, Sudan below, Israel/Jordan to the right. It's not in the Gulf.
Egypt produces more natural Gas then Oil...
The military have just gone on the news stating they do not plan to raise the levels of violence towards the civilians.

So my 2 cts, I doubt current events can make that much of a difference on the global price...
I give it 2 more days, 1 week tops, and Mubarak is out of country and in retirement.

Two words: SUEZ CANAL!