30 January, 2011

Thousands of inmates escape jails in Egypt turmoil - CTV News

It almost seems like a slow motion replay of the scenes we saw when Iraq was 'liberated'. I pray that it does not end up being a complete repetition. 10% of all the goods shipped by sea passes through the Suez Canal. If this country devolves into sectarian and religious violence it will have a horrific impact on the world economy. Just look at what's happening to the price of oil. Since most of the middle eastern oil travels through the canal, it could trigger a panic rise in price which will snuff out the start of the global recovery.

Thousands of inmates escape jails in Egypt turmoil - CTV News

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