Egypt currently has a total electricity capacity of about 23,500 megawatts, which the government hopes to increase to 58,000 megawatts by 2027.
A prime potential element in increasing this electrical output?
One might think, given Egypt’s climate, solar?
Wrong again – wind power, which currently contributes less than 1 percent to Egypt’s energy mix.
Turkey, Egypt to Drill for Natural Gas in the Mediterranean, Threatening Israel’s Energy Dreams
Just When the Bears Think They are Home Free, Mr. Market Reminds Them Who is in Charge
While it may be bear season in the equity markets as Mr. Market continues to punish the ursine, the oil futures market has produced a new home and a new river for eager bears to feed. Mr. Market has had an appetite for S&P 500 bears for several months now. In each instance in which the bears think they are going to get away, Mr.
The markets opened lower as worries over Egypt were rampant. Just yesterday afternoon, President Mubarak told his people he would not resign. The markets opened lower and then engaged their normal float higher on the back of standard propping. This propping continues to be lead by the Federal Reserve via QE-2.
Super Gold Sunday (Super Bowl Version)...Did you miss it?
While Ben Bernanke says we are not seeing any inflation, I think most of us know that is a load of BS as other countries like Egypt see food prices surging. Over the past couple years everyone has been talking about how inflation will soon start and that has been one of the main driving forces for higher precious metals prices.
Is Gold Playing Out The "Buy The Rumor Sell The News" Trade?
Higher Food Prices Supports Gold....Can it do the Same for Crude Oil?
Crude oil is trading slightly higher as oil is trying to recover from Fridays beating on disappointing U.S. non-farm payrolls data, still below the psychological barrier of $90. But gold takes the center stage with commodity traders again as higher food prices gives gold bulls a reason to cheer.
Uprising in Egypt May Trigger Flight to Safety Rally into U.S. Dollar
The Euro’s closing price reversal top on Wednesday was confirmed overnight, indicating that the market may retrace back to 1.3716 to 1.3681 over the near-term. Technically the main trend remains up unless 1.3570 is taken out; however, a closing price reversal top is often the trigger that begins a change in trend.
Crude Oil Cools Off While Gold Never Even Warmed up.....Is Gold Going Lower Yet?
It seems the announcement by Egyptian President Hosni Mubarak to step down by not running for office in September has given commodity traders some reason to take pressure off of oil prices. But where was gold in all of this? Why didn't gold rocket higher like it has during every other middle east crisis over the last 60 years?