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Egypt angst pushes oil price to $100 a barrel

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Uploaded by on Feb 1, 2011

Oil prices have rocketed in response to continued unrest in Egypt.




Brent crude topped $100 a barrel on Monday for the first time since 2008 - jumping more than one percent.




Many fear that that the uprising in Egypt could spread to some of the Middle East's oil producers.




Concerns have also been raised about oil shipments passing through the Suez Canal.




Oil Trader Tim Jennings says the key risk in the short term is supply disruption in the Suez Canal:




...
http://www.euronews.net/

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  • PEAK OIL

  • @CelticSouthland And is that have something to do with Israel?

  • What economic recovery?

    The Jewish International Bankers are still robbing every nation on Earth!

    There will be no economic recovery until the Jewish Banking Mafia is shut down!

  • Price gauging is obvious price gauging. When will we crawl out from the dark age of dependency on oil and gas and get with the program of the 21st century of more usage of electricity, solar power, wind power, steam and hydro-dynamics? This is up-most bullshit! We, the world need to send a clear message to the oil empires that we have had enough!!!

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