Can you really believe the people that at the top of the oil market.

There is problem that is a reprise of the one before. Previously they wanted to and they got rid of President Mubarack. Now they want to and they got rid of President Morsi.

For this the price of a barrel of oil shot up to USD$100.00+.

What is the logic for this?

The Egyptians know that they are financially in trouble because, amongst a slew of things, their tourist trade has collapsed.
So, whether you are an Islamist Brotherhood person or a secular Egyptian, would you really want to sabotage the Suez Canal, your only source of earned foreign currency?

However he boys in Wall Street and in Riyadh are in fear. So, to deal with it, they up the price of oil. I hope they feel better now that they have done so.

Medically, however, everyone knows that when you are in fear and panic the logical treatment is to go and see a psychiatrist, get hin to put you as an in-patient in a looney bin and start you on a program of sedatives . . . beginning with Valium. Jacking up the price of oil is not the way to deal with your anxiety that they situation in Egypt may block the passage of oil.

I know it will not happen!
I am quite prepared to bet on it.
I will pay you CAD$10,000.00 if the oil through Suez is blocked in next two weeks.
If it is not, you pay me CAD$1,000.00.
If anyone wants to take on this bet, please let me know?