Implications of Egypt's Turmoil on Global Oil and Natural Gas Supply
Description
The change in Egypt's government will likely not have a significant direct impact on the global oil and natural gas markets. There may be some short-term movements in price, mostly caused by perceived instability in the marketplace, but these would most likely be temporary. However, prolonged instability that raises the specter of spreading to other oil and natural gas producers in the region would likely add to upward price pressures.
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Description
The change in Egypt's government will likely not have a significant direct impact on the global oil and natural gas markets. There may be some short-term movements in price, mostly caused by perceived instability in the marketplace, but these would most likely be temporary. However, prolonged instability that raises the specter of spreading to other oil and natural gas producers in the region would likely add to upward price pressures.
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Ratner, Michael.Implications of Egypt's Turmoil on Global Oil and Natural Gas Supply,
report,
May 4, 2011;
Washington D.C..
(https://digital.library.unt.edu/ark:/67531/metadc40115/:
accessed April 18, 2024),
University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu;
crediting UNT Libraries Government Documents Department.