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Setting up shop near the Suez Canal on the Sinai Peninsula that's what the flow of oil comes through that Suez Canal KT is stupid as this morning.
Good -- so that's your story.
Al-Qaeda setting up shop near -- Suez Canal is that a factor in this oil market.
I've got to assume something should be a factor.
-- about a year ago senate from Sinai Peninsula they've done a couple of sort of minor terrorist attacks on the Israeli border.
Two days ago they blew up the gas pipeline that goes from Egypt to Jordan.
-- in the last 48 hours they've said -- guard then Muslim Brotherhood group you know the deposed later.
He -- some of his followers have said -- on enjoying with al-Qaeda they've set up an almost a front that's the same.
Group that was responsible for the attack have been -- We don't know what they're gonna do but there's there.
And it's how vulnerable the Suez Canal everybody worries about trading on the -- -- tournament free cash and a training camp stray -- at a very deserted areas to desert the Sinai Peninsula.
Has been a demilitarized zone.
Since the middle 1970s after the last Arab Israeli war.
But the Suez Canal I've always been worried about -- -- says -- worry about the Strait of Hormuz and Iran the Suez Canal is a 120 miles long.
It's sixty feet wide that's like three football 600 feet wide.
Three football fields wide it's only a one lane street they're passing lanes but you can only go in one direction at a time.
Once -- as Egypt proper on the other side is -- Sinai Peninsula.
It would be so easy for two guys in -- truck to drive near the -- of Suez Canal and with a shoulder fired missile take out.
-- -- how about the rest of Egypt because we -- this morning and they the egyptians are going to get eight.
Billion dollars to keep them going for a short period of time -- getting it from.
Gulf states Saudi Arabia and -- and I think yeah.
I ever accelerate that keeps them going at least is not total cruel competitors.
It by some time.
That previous credit I was -- -- His first trip when he was elected a year ago you -- see Iran Saudi Arabia's arch enemy what happened the money from Saudi Arabia to ride out.
The saudis don't want the Muslim Brotherhood there where is gonna kind of an -- The new team and Egypt I was fascinated to see the top guys all very close connections to Saudi Arabia.
General -- -- -- he was a defense that tension there.
President that -- the judge judgments or were represented kingdom of Saudi -- interest in Egypt if they could gaps.
The relationship that they need with the Saudi Arabia to write big checks.
It buys them time to feed the people that they can potentially restore order set up a government and maybe get that -- accountant -- And Saddam's or those camps in the desert near the Suez Canal -- -- follow thank you very much and.
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