Sunday, April 22, 2012

Egypt ends gas deal with Israel, stakeholder says

Remember how Americans yawned when there was rioting and military skirmishes in the middle east / north Africa (MENA) last year?  The US had their own domestic economic problems, yet we chastised the foreign sovereign governments for their violent treatment of their citizens' uprising.  "Those poor, poor folks..." was the general sentiment.

Well, a power vacuum has been filled by militaristic entities, and Egypt has just cut off energy supplies to Israel.  If this sounds vaguely familiar (see Iran being cut off of the global financial system), it's understandable.  The posturing has now turned into trade sanctions and economic warfare.  If one applies a bit of extrapolation, the end game doesn't look so good.

http://www.reuters.com/article/2012/04/22/israel-egypt-gas-idUSL5E8FM2XZ20120422

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