© whatreallyhappened
The dollar won't drop that significantly over the next year, will it? If it does, calls to drop the petro-dollar as the reserve currency will likely turn to reality. And surely the global economy is not expected to grow fast enough to warrant a 50% jump for the lifeblood of civilization. It seems clear that demand for oil will stay relatively flat, so only a catastrophic supply problem would justify these increases.
Enter the new supply problem. A stunning wave of populist protests has swept through Egypt who control the ultra-important Suez Canal. The Egyptian revolution is displaying powerful solidarity in their struggle to oust longtime autocrat Pharaoh, Hosni Mubarak, for corruption and economic suppression. And it's beginning to look as though Mubarak will eventually be forced out and new leadership will be throned to appease the masses.
However, the uprising is expanding, and is likely to spread deeper into the psyche of the eternally oppressed around the world. The outcome of this tsunami of activism is uncertain, but stormy waves means it is surf's up for Wall Street. The civil unrest gives them the perfect excuse to justify what can only be described as outright fraud and manipulation of the oil markets.
Comment: Here is a video with a man offering an opinion on his perspective of what might happen if Egypt falls. It is titled "When Egypt Goes, Israel Goes Into Gaza?"
He may very well have a good point.