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Concerns Over Possible Suez Canal Disruptions
Posted By kurtnimmo On February 3, 2011 @ 6:10 am In Economic Crisis,Tile | Comments Disabled
The New York Times
February 3, 2011
As violence has broken out in Egypt, concern has turned to the risk of the blocking of the Suez Canal or nearby pipelines, which could pose a threat to world energy supplies.
So far, oil and gas flows through Egypt have not been interrupted, and the army has stepped up security around the canal and pipelines.
But rising tensions in the port of Suez have led several shipping companies to order their ships not to change crews in Egypt.
Meanwhile, disruptions in government port services have slowed the discharge of some crude oil cargo at the Red Sea port of Ain Sukhna, at the southern entrance to the Suez Canal.
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