Seeking Alpha

Egyptians are about "to find out it's a lot easier to eradicate your local dictator than feeding...

Egyptians are about "to find out it's a lot easier to eradicate your local dictator than feeding your population," says Jeff Rubin. With higher oil prices feeding directly into higher food prices, and the Middle East being the largest importer of food on the planet, $100 crude is not the boon it seems.
Comments (2)
  • Well my sultans of ignorance---whats the big deal about representattive government in the middle east, Israel has had one since WWII---I got a nice deal for ya!

     

    How about cheap oil for cheap food? We heat and you eat? Wanna play a game of chicken and see who cries uncle first?
    23 Feb 2011, 01:50 PM Reply Like
  • $100 crude is not the boon it seems, to Egypt. But then, they don't have any oil so why is this even being brought up?
    OPEC nations generally subsidize food, energy and just about everything else for their populace. Higher oil prices will always provide more than enough extra to subsidize higher prices elsewhere. What is a bigger problem is when oil prices bring on recessions in the rest of the world. Because that means less demand and lower prices later.
    23 Feb 2011, 01:57 PM Reply Like
DJIA (DIA) S&P 500 (SPY)