Page 18 - Lost Egypt News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To rise again. it's doing it now. the price of american crude up $2 a barrel. what's happening is as you point out there is concern about the long-term supply of oil coming from the middle east to the world market, specifically the sumed pipeline you talked about, that's short-hand for the mediterranean-suez pipeline. one million barrels of oil go through it. it's an overland pipeline through egypt. the theory is, if you have chaos emerging, that pipeline could be subject to attack by extremists and it would interrupt the world's supply of oil. you take one million barrels a day, you affect th...

He told reporters that he's worried about the future of his country. he said that the protesters want the president to step down, but they don't know what they want after that. that's the big question. we're watching how the oil markets react to egypt's events. the suez canal in what's being called the su med pipeline are considered vital. if the situation gets even further out of hand, it could hurt the world's oil supply. stu varney is anchor of "varney & company." and he joins me now. stu, what is the warning and how legit is it? >> reporter: it's applicable right now, because we're startin...

Fuel. all the while, president mubarek tries to keep control of this thing. we watch on state television as he swore in his new cabinet. it is part of the shake-up in the government to try to please protesters. there are familiar faces and the reaction from protesters is that it's not enough. we've been hearing from the u.s. embassy and they're rushing an evacuation of american tourists. something like 2,400 people want to get out. 360 on three flights have gotten out so far. the flights will continue the next two days, just in time. megyn: greg palkot will not be leaving cairo. he will be doi...

Collin powell said it best about iraq. he said if you break it, you own it. clearly president obama whether it's because of his words about rad radical islam, failure to condemn it. failure to name terrorism. his appeasement and very possibly outright efforts to encourage people to destabilize the mubarak regime broke egypt and he now owns it. if that government falls and if it is replaced by a muslim brotherhood organization which is closely related to hamas. the question closely just like 1952, the question was who lost china? now it's going to be who lost egypt? >> laura: i think the questi...

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