Saturday, January 29, 2011

Louisiana and Egypt central to world economy

Carol Forsloff - During
the Gulf Coast oil spill of 2010, all eyes were on Louisiana, as the
shipping lanes surrounding its boundaries are significant for delivery
of goods.  In that respect, Egypt is also critical to world economic
concerns.






[caption id="attachment_4280" align="alignleft" width="281" caption="Suez Canal"][/caption]




As President Obama’s administration has issued a moratorium on the spread
of deepwater drilling, because of the risks involved, the risks from
diminished energy sources can hit America hard.


Problems
related to weather right now have paralyzed sections of the country,
with serious cold climates.  Diminished heating energy can impact
thousands of people, creating serious emergencies.


The
lack of oil and gas getting through the Straits and passage ways of
Egypt and Louisiana can create havoc in the delivery not just of fuel
but of how basic goods are delivered.  Land routes for necessary
supplies are either not available when needed or are complicated and
slow in both areas.


The
arena of conflict creates crisis for Egypt and Louisiana.  For
Louisiana the energy dependence means it is central to bringing supplies coming from various regions to America, and the new rules on increased deepwater drilling will limit
and/or delay Louisiana’s capabilities of production.  In Egypt the seizure of the
Straits by radical groups could interfere with the entire world movement
of goods.


As
Louisiana was in focus for its critical role in delivery of world supplies and goods for the world during 2010, Egypt is now at the
center, not just of internal political conflicts, but in its status in transport as well for the world's goods and supplies, in many ways similar to the


concerns during the oil spill on Louisiana’s coastline in 2010.