Tbh I didn't even know they were a big supplier in oil. Though I don't see it having anywhere near the impact of what's going on in the middle east.
If it has lowered significantly I'd suggest buying since those random terrorist acts aren't going to last long or have anywhere near the impact that your suggesting.
Last edited by Vassago on 02 Feb 2011 02:34 am; edited 1 time in total _____________________
Tbh I didn't even know they were a big supplier in oil. Though I don't see it having anywhere near the impact of what's going on in the middle east.
If it has lowered significantly I'd suggest buying since those random terrorist acts aren't going to last long or have anywhere near the impact that your suggesting.
they don't publically trade it like saudi arabia does, but the us get's more than its fair share from egypt. the suis canal is down and that's where a lot of oil transferring occurs, so since american industries (hypothetically) should be getting less oil from egypt (or temporarily paying more for oil from other countries) stocks should go down and oil should go up.
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