Comment Re:OPEC to subsidize its demise? (Score 1) 385
Well, Egypt is not an oil exporter, but it did cut subsidies on oil. Prices at the pump were raised this weekend by 78%. The only reason why this can be done is Egypt just had a year of 'Muslim Brotherhood' rule, a revolution to overturn their rule, and a population that is willing to accept everything as long as the government will keep the MB at bay. So the speech president Obama held in the beginning of his first term in Cairo in which he told Mubarak his time was up and the MB would be the new representatives of the peoples may have had at least one good side effect.