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Egypt's Potential for Contagion
Keywords:
The economic impact of events in Egypt on global stock markets and oil prices in 2011
01/30/2011
With 2.9 million barrels a day of oil passing through the Suez Canal and the Sumed pipeline, and only 2.5 million barrels a day of global spare capacity, the 3% of oil moving through Egypt does impact oil prices. The demands for democracy and free expression also have an impact across the region in other Arab and African countries, and in China which also has six decades of one-party rule.
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