(VIDEO) Correlation between the Egypt incidents and the Oil price

03/02/2011
On Monday the crude oil price has reached its top in 2 years.

Egypt is not a big producer, but 1 million barrels circulate by the Suez Canal every day.

The Suez Canal is a real (bottle)neck for boats and the current instability of the region could become a risk by creating traffic disturbance.

Even if it could have a positive effect on the sales of green vehicles, let’s hope that we stay away from the146$ reached in 2008 …

Par Technologic Vehicles
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