Saudi policemen form a check point near the site where a demonstration was expected to take place in Riyadh on Friday. Photograph: Hassan Ammar/AP
Saudi security forces came out in strength in Riyadh on a “day of rage” organised by pro-democracy campaigners who managed only small demonstrations in the eastern provinces.
Expectations that the unrest sweeping the Arab world in the last few weeks would spread to its most conservative kingdom appeared to have been dashed by pre-emptive security measures and stern official warnings against any protests.
Far larger demonstrations rocked Yemen, where tens of thousands of pro and anti-government protesters took to the streets as President Ali Abdullah Saleh struggled to maintain his grip.
On October 14, 1981 Muhammad Hosni Sayyid Mubarak assumed the Presidency of Egypt following the assassination of President Anwar El Sadat. He is the longest-serving Egyptian ruler since Muhammad Ali Pasha. He announced today that he will not resign but will handover power to Vice President Omar Suleiman ,however, he will no longer run for office.
He quotes “Will work for a peaceful transition of power; says he wants honesty and transparency…I will not run for next presidential election; wants smooth transfer of power…Praises youth and sacrifices; says he will punish those responsible for attacks”
On Feb 4, 2011 there was a failed assassination attempt on Egypt’s vice president left two of his bodyguards dead.
Since January 25, 2011, for a total of 17 days, a popular uprising from the people of Egypt called for his resignation as president of Egypt due to corruptness and illegal activities that the government was associated with. Because of inflation, many Egyptians are currently struggling to feed themselves as the country’s food crisis is beginning to spiral out of control utilizing anywhere between 40 to 60 percent of their wages going to food.
With this announcement brings many questions to mind. Who will lead Egypt? What will the future of Egypt bring to the world? How will this affect the relationship with Israel and the United States? Is this just a preview of what is to come in other Middle East/ North Africa countries whom are in an eerily similar format? What will happen with crude oil prices? As of now all we can do is watch and see history unfold before our eyes. September awaits…
Bloomberg warns today that an act of sabotage or a decision by a new regime – possibly headed up by the Muslim Brotherhood – to close the canal and its oil pipeline to punish supporters of Egyptian dictator Hosni Mubarak could send oil prices through the stratosphere.
Egyptian troops currently guard the canal and its adjacent Suez-Mediterranean oil pipeline but that does not mean the flow of oil – more than 1.7 millions barrels per day – cannot be shut down.
About 2.5 percent of global oil production moves through Egypt via the Suez Canal and the Suez-Mediterranean Pipeline, according to Goldman Sachs.
From 1967 until 1975, Egypt kept the canal closed in response to Israel’s seizure of Arab territory, forcing tankers to travel around the Cape of Good Hope.
Earlier today, investors increased bets that oil prices will likely increase as much as $250 a barrel on concern the unrest in Egypt will shut down the flow of oil through the Suez Canal and spread to Saudi Arabia.
Lindsey Williams and Bob Chapman on the Alex Jones Show, January 28, 2011.
On January 28, Lindsey Williams told Alex Jones the situation unfolding in Egypt is a carefully engineered event instigated by the global elite as part of a plan to bankrupt the United States and send shock waves through the global economy.
In December, Williams told Jones that his insider connections said the price of oil will soon skyrocket to between $150-200 per barrel and this price increase will result in gasoline in the range of $4-5 per gallon.
Williams became a friend and trusted confidant of oil industry executives while serving as chaplain for them and their construction crews building the Alaska pipeline in the 1970s.
Market analysts are unsure how the current crisis will Read more…
Saudi policemen form a check point near the site where a demonstration was expected to take place in Riyadh on Friday. Photograph: Hassan Ammar/AP
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