After nearly three weeks of protests, Egyptian President Hosni Mubarak has stepped down. With control of the country now in the hands of the military, it remains to be seen how the situation evolves.
A critical consideration is potential unrest in neighboring Middle Eastern countries, particularly Saudi Arabia. Though Egypt produces very little oil, Saudi Arabia is the world’s largest oil exporter.
How real is the threat for increasing oil prices? Will prices spike suddenly like they did in 2008?
If oil prices go that level again the auto industry will be affected, it is possbile that our economy suffers from another recession
David and Curtis — Are you already starting to see some of that residual enhancement in the market? Is it coming quicker than you’d anticipated?