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Problems Egypt is facing
Egypt
President Hosni Mubanak took presidency after President Sadat was assassinated in October 6 , 1981.
The economy of Egypt flourished during 1990s and 2000s.
In May 2005 a constitutional amendement changed the presidential election from a popular validation of a candidate nominated by the People’s Assembly to a multicandidate popular vote .
Mubanak's support drop after news came out about his son Alaa being currupt.
On february 11, 2011 President Hosbi Mubanak resigned leaving power to a military authority.
Weak government
Radical People
Economy's fragility
What is happening?
Weak moderates
Stability of the country that is in charge 2 of the most important channels of oil
Egypt is changing from an oil exporting nation to an oil importing nation.
Oil problem?
The distribution of oil is slowing down causing it to be more expensive
How does it affect us ?
Gas prices are rising and
affecting our economy
What are people doing?
On february 25, 2011protest have been happening on Egypt.
People are protesting to replace their leader
and end this problem that is going on
How does it affect our economy?
We are paying more for a gallon of gas
It is estimated that by the summer the price of gas will be $5 a gallon, thats pretty expensive.
Bibliography
http://www.schaefreport.com/2011/01/31/oil-continues-to-climb-as-problems-in-egypt-persist/
http://www.theoildrum.com/node/7425