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Egypt Riots Update: First Casualties Reported As Police Use Live Ammo Against Protesters

Tyler Durden's picture


Update: Alshaheed reports that Egyptian police in Suez has opened fire live ammunition killing Mustafa Reda Mahmoud Abdelfattah, 20 years old

The last time a scene like this happened in Greece, Waddell and Reed sold some futures. This time around, nobody even cares. In the meantime, riot police has now escalated to firing tear gas at protesters, as the riots have metastasized to Alexandria, the Nile Delta, and the cities of Mansura, Tanta, Aswan and Assiut (not without Hillary Clinton voicing her opinion, who has called the Egyptian government stable). But the most notable update is that according to reports, Jamal Mubarak has left Cairo to London while Husni Mubarak is fending off tiger sharks at the Sharm el Shekh. Unclear how much Egyptian gold either may have absconded with.

h/t Scartaliano


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Tue, 01/25/2011 - 15:08 | 903493 Alcoholic Nativ...
Alcoholic Native American's picture


Tue, 01/25/2011 - 15:21 | 903559 66Sexy
66Sexy's picture

angry mobs and rioting FTW



should be boosting oil and gold, but of course the fed is meeting so we'll have none of that.. reality will have to wait till next weeks commodities rally.

Tue, 01/25/2011 - 15:29 | 903577 hedgeless_horseman
hedgeless_horseman's picture


Let my people's bids flow!

Tue, 01/25/2011 - 15:29 | 903587 Malcolm Tucker
Malcolm Tucker's picture

MUST SEE VIDEO of an Egyptian protester stand up to a water cannon truck, ALONE, and getting blasted in the face!!!

Reminiscent of "tank man" in Tienanmen Sqaure! So inspiring!

In the same link there is another video of a badly beaten police officer being carried to an ambulance

Tue, 01/25/2011 - 15:53 | 903682 flacon
flacon's picture


Thanks for the videos!

Tue, 01/25/2011 - 18:47 | 904272 Malcolm Tucker
Malcolm Tucker's picture

Twitter reports that Egyptian workers at Heathrow spotted Mubarak's wife arriving in London!

Plus videos of the protests at night and ruling party members burning their membership cards!

Tue, 01/25/2011 - 16:24 | 903814 kdervin
kdervin's picture

Great link - thanks!

Tue, 01/25/2011 - 16:08 | 903733 jus_lite_reading
jus_lite_reading's picture


Tue, 01/25/2011 - 20:15 | 904461 robertocarlos
robertocarlos's picture

I laughed at how easy it was to translate YFI.

Tue, 01/25/2011 - 15:28 | 903582 Popo
Popo's picture

The ruling family probably went to London.  They're financial-criminal "friendly" there.


Tue, 01/25/2011 - 15:57 | 903699 Batty Koda
Batty Koda's picture

Unlikely, I smell the CIA.

Egypt obviously wasn't pro-democracy enough for our exhalted leaders.

Tue, 01/25/2011 - 16:15 | 903776 naiverealist
naiverealist's picture

When the signs are in english, then the CIA is involved. . . these signs are in egyptian!

Tue, 01/25/2011 - 16:09 | 903738 TruthInSunshine
TruthInSunshine's picture


Tue, 01/25/2011 - 15:35 | 903610 Cleanclog
Cleanclog's picture

Seems telecommunications have been taken down in a primary square of Cairo.  Can follow on twitter  @monasosh

Tue, 01/25/2011 - 15:08 | 903496 trav7777
trav7777's picture

lock up the gold, bitchez

do we have any kinda reason for this riot?

Tue, 01/25/2011 - 15:14 | 903513 Rider
Rider's picture


Not really, just the price non-inflationary stuff like food and gas going through the roof.

As Timma and the other gay CNBC anchor, whose name I cannot recollect, said: "What inflation??"

Tue, 01/25/2011 - 15:14 | 903517 whatsinaname
whatsinaname's picture

Nary a word on the UK slipping into recession..? not even on ZH..

Tue, 01/25/2011 - 15:17 | 903532 Crummy
Crummy's picture

When was it out?


Tue, 01/25/2011 - 15:30 | 903588 whatsinaname
whatsinaname's picture

You are right. When was it out.

What I wonder though how little the FTSE was impacted by the news.

Tue, 01/25/2011 - 15:43 | 903643 hedgeless_horseman
hedgeless_horseman's picture

It was because of the snow, don't you know?

Tue, 01/25/2011 - 15:18 | 903538 nope-1004
nope-1004's picture

Because this is a global depression.  Get the terms straight.  :)

Tue, 01/25/2011 - 16:32 | 903850 SheepDog-One
SheepDog-One's picture

Oh well thats 'old news' now...release date almost 4 hours ago sheesh!

Tue, 01/25/2011 - 15:45 | 903653 SheepDog-One
SheepDog-One's picture

Why lock up the gold? Only a FOOL would want it, as all around zerohedge the calls for its certain demise are rampant. Funny though when a govt falls, everyone seems to take off with the gold.

Tue, 01/25/2011 - 15:58 | 903698 Sophist Economicus
Sophist Economicus's picture

SDO, it is obvious you don't travel much with Royalty.  

Gamal Mubarak would have taken stacks of FRN notes.   But, as we all know, those are made of linen and can wrinkle easily.    Since she's taking a unscheduled FLEE to London, she couldn't take her servants with her, so, who would iron all those notes once she arrived at her hotel?   A deposed Royal cannot be seen spending wrinkled money, hence the GOLD, silly


Tue, 01/25/2011 - 16:18 | 903791 Arius
Arius's picture

got it - but still you cant eat it...correct? just asking to make sure, because you never know... perhaps, the new tungsteen type can be eatable

Tue, 01/25/2011 - 16:22 | 903801 Sophist Economicus
Sophist Economicus's picture

Ahh, this link will answer all of your Precious Metal eating questions:

Tue, 01/25/2011 - 19:07 | 904317 A Texan
A Texan's picture

So, all those people saying that "you can't eat gold" are wrong.


Of course, now the phrase "shitting bricks" will have a somewhat different meaning.

Tue, 01/25/2011 - 16:30 | 903839 SheepDog-One
SheepDog-One's picture

True enough, but they could have gotten around all that by simply dumping the gold for SPY futures! They should know they cant fight the FED and stocks only go up.

Tue, 01/25/2011 - 16:26 | 903820 kdervin
kdervin's picture

I saw in a short Reuters article that a lawyer immolated himself 1/18/2011 which kicked off the party.

Tue, 01/25/2011 - 16:53 | 903940 Bob
Bob's picture

I have strong doubts that state force is going to avert this one. 

Tue, 01/25/2011 - 15:09 | 903498 Dave Thomas
Dave Thomas's picture

Is this bullish for Wheat?

Tue, 01/25/2011 - 15:30 | 903593 Popo
Popo's picture

Historically speaking, it's bullish for war with Israel.   Egypt needs a distraction badly right now.

Tue, 01/25/2011 - 15:11 | 903509 Sophist Economicus
Sophist Economicus's picture

...This time around, nobody even cares..."

What happens in Egypt, Stays in Egypt?


Witty, no?

Tue, 01/25/2011 - 15:16 | 903529 Dr. Richard Head
Dr. Richard Head's picture

Witty and original indeed. 

I like posting on me facebook page all of the different riots of the people against the various states out in the world.  The facebook world thinks that these incidents only happen in third-world countries.  Unfortunately, the facebook crowd doesn't realize the USA fits the shoe of a third-world country quite nicely. 

How much more food and gas inflation is needed here in the US to get the people off of their asses? 

Tue, 01/25/2011 - 15:16 | 903530 chumbawamba
chumbawamba's picture


First, it'll take a lot more than a few protestors to unseat Mubarak, as important if perhaps not more important an ally than Saudi Arabia.  The US will get involved before he's toppled.  Militarily, if need be.

Second, if Egypt does somehow fall to the People, that's it.  Secure the last of your provisions, lock the gate, and man your barricades.  The Arab world will ignite spontaneously like a cloud of interstellar gas reaching critical mass, and what happens in Egypt will eventually happen in Las Vegas.

I am Chumbawamba.

Tue, 01/25/2011 - 15:19 | 903544 Cognitive Dissonance
Cognitive Dissonance's picture

It's always the domino you didn't expect to fall that takes down the entire stinking edifice.

Tue, 01/25/2011 - 15:27 | 903580 Cleanclog
Cleanclog's picture

Agree.  And also consider Egypt to be potentially very significant.

Tue, 01/25/2011 - 15:21 | 903558 Sophist Economicus
Sophist Economicus's picture

Did you realize that Chumawamba is spelled Abmawamuhc backwards?    Makes you think, doesn't it....

Tue, 01/25/2011 - 15:23 | 903562 Agent P
Agent P's picture

Wonka wash

Tue, 01/25/2011 - 15:28 | 903581 trav7777
trav7777's picture

not sure I'd go that far, but it would be interesting to see if Israel could resist the urge to meddle were such an eventuality to transpire.

Egypt is, however, the "moderate" regional ally with sufficient gravitas...and we have no ready replacement for them should they fall.  Certainly there is the potential here for a cold war redux of 67-73 and Egypt's collapse if it occurs would certainly embolden the rest of the region to try to reprise.

Unrest is brewing out there the likes of which haven't been seen in quite awhile.

Tue, 01/25/2011 - 16:21 | 903800 chumbawamba
chumbawamba's picture

Fucking hell, we may well see Israel come in to help support Mubarak.  What would he have to lose at that point?  Everyone in the Arab world knows he's a petty dictator in service of the zionist cause.  All they would be doing is putting blunt confirmation to the "conspiracy theory".

Jordan is next.  Then, ultimately, Saudi Arabia and the rest of the Gulf states.

Remember the helicopter pulling the last Americans from the Vietnamese embassy?

I am Chumbawamba.

Tue, 01/25/2011 - 17:44 | 904111 Crassus
Crassus's picture

It was an apartment building inhabited by many high ranking CIA employees not an Embassy but the image is evocative. It will ultimately come down to the loyalty of the Egyptian Army. They could go either way.

Tue, 01/25/2011 - 18:17 | 904195 samsara
samsara's picture

1st, long time reader, great to see you posting.

You are Bang On, dead right sir.

This is NOT a sanctioned thing.  No Color Revolution(Black Rev?).

Chum, you might enjoy the humor here about how Saudi Arabia goes down and what would happen in the US.

As you said,  If Egypt goes,  Katy Bar the Door.

Tue, 01/25/2011 - 19:42 | 904381 trav7777
trav7777's picture

if this occurs, there is wider war.  The US would be forced to occupy KSA in order to preserve the petrodollar and the aggregate flow of crude.  There's simply no way around this.  In all likelihood, an invasion of Iran would ensue, Lebanon...Israel would have to mobilize into Jordan and probably would whack Syria just for spite.

Russia sits on its own oil; they would be rightly disconcerted and remember the times in which Egypt was a client State, but this is not that time. 

Egypt has been the useful tool for peace treaties and Israel recognition since the 70s.  Have been a sketchy gov't for some time...have not had quite the iron hand the House of Saud has and nowhere near the weaponry

Tue, 01/25/2011 - 15:47 | 903667 Calmyourself
Calmyourself's picture

Talk to people in the street in Cairo and if they talk they talk of Mubarak's repression, Sadat had nothing on Mubarak.  The whole thing will go up because the Persians will help it go up..

Tue, 01/25/2011 - 19:25 | 904349 Don Birnam
Don Birnam's picture

Recall that several of Rumsfeld's "dead ender" irregular enemy forces, captured in Iraq, were sent to Egypt for proper "interrogation." Extracting information the old fashioned way...Since 1981.

Tue, 01/25/2011 - 16:06 | 903726 Batty Koda
Batty Koda's picture

This is a CIA operation, they have been stirring up the mediterranean region for a while now. They are on a roll after their Tunisian success, their friends over at wikileaks have done them a great service, thank you Cass Sunstien.

It's the colour revolutions all over again.

Tue, 01/25/2011 - 16:18 | 903786 chumbawamba
chumbawamba's picture

No, it's not.  This is the real deal.

I guarantee you CIA is on the ground doing what they can to keep the throngs away from Mighty Mubarak.

Leave Arab politics to the experts, will ya?

I am Chumbawamba.

Tue, 01/25/2011 - 16:31 | 903843 Cognitive Dissonance
Cognitive Dissonance's picture

Now now chumba, stop playing with your food. :>)

Tue, 01/25/2011 - 17:08 | 903985 Batty Koda
Batty Koda's picture

I have left it to the expert, the leaders under fire have been trying to do away with "democracy" by leaving their countries to their families. This would be bad for the anglo-american empire because they decide who gets elected, it is much harder to exert influence over a monarch.

Webster Tarpley (Geopol) explains, 3:20 onwards deals with this issue. Remember this was recorded three days ago before Egypt was in the news.

Tue, 01/25/2011 - 17:16 | 904010 AnAnonymous
AnAnonymous's picture

 it is much harder to exert influence over a monarch.


How much harder? Check Saudi Arabia. It took smuggled wishkey to influence the Saudi Monarch.

Tue, 01/25/2011 - 16:52 | 903930 AnAnonymous
AnAnonymous's picture

It's the colour revolutions all over again.


The colour revolutions were nice because they targetted tyrants who were friendly to Russia.

Tunisia and Egypt's tyrants are already in the pocket of Western interests.

Any change would be counterproductive.

And extremelly dangerous. Just think of a democratic government renegating on the Arabic tyrants economic deals.

Saudi Arabia must be forgotten. This tyranny is one of the best friends of the US. Any change could endanger the USD oil peg.


Tue, 01/25/2011 - 16:59 | 903956 Bob
Bob's picture

I think we'll be too late.  But I agree that Egypt is absolutely pivotal.

Tue, 01/25/2011 - 20:00 | 904418 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

Having recently listened to Webster Tarpley (1/22/11 broadcast, he posits that this is fully planned by intelligence circles. It's worth listening to for all the nuanced arguments. Expect if Mubarak goes, that the next figurehead will be a dutiful US boot licker.

P.S. I always believe in padding my provisions, but I need a larger water storage.

Tue, 01/25/2011 - 15:46 | 903659 SheepDog-One
SheepDog-One's picture

Well Hilary deems it all quite stable, so it has to be!

Tue, 01/25/2011 - 15:13 | 903516 dick cheneys ghost
dick cheneys ghost's picture

lets see.......riots, inflation, bad news for the banks(jpm) and now taco bell not using real beef. i love it when a plan comes together. see you on the other side of hell uncle ben.



Tue, 01/25/2011 - 15:22 | 903537 Agent P
Agent P's picture

"...and now taco bell not using real beef."


"Attorney Dee Miles said the meat mixture contained just 35 percent beef, with the remaining 65 percent containing water, wheat oats, soy lecithin, maltodrextrin, anti-dusting agent and modified corn starch."

Mmm...anti-dusting agent.  Dust-free tacos, bitchez!

Tue, 01/25/2011 - 15:28 | 903578 Voodoo-economist
Voodoo-economist's picture

industrialization ftw

Tue, 01/25/2011 - 15:59 | 903621 hedgeless_horseman
hedgeless_horseman's picture

With Sara Lee® Delightful™ White Bread, you can enjoy a great tasting meal without feeling like you're missing out. Delightful™ bread gives you the taste and texture you love, but with only 45 calories per full-size slice. So go on, make yourself a delicious sandwich - you won't even notice the calories (wheat) that are missing.


25% fewer calories than regular bread!

Who in their right mind wants regular bread for their kids' sandwiches anyway?

When wheat gets pricey, cut it with sawdust

If you have baked bread before, then you know you have to put some ingredient in there, right?  Why not cellulose from sawdust?  That is right...sawdust, bitchez!!!!

There is no inflation, right Liesman?  That is because Sara Lee® Delightful™costs the same as regular bread!  FTMFW!!!!!!!!!


Tue, 01/25/2011 - 16:06 | 903725 ColonelCooper
ColonelCooper's picture

If you don't kill it, grow it, grind it, bake it yourself, you are probably eating something you shouldn't be.

Tue, 01/25/2011 - 16:37 | 903867's picture

If you have baked bread before, then you know you have to put some ingredient in there, right? Why not cellulose from sawdust? That is right...sawdust, bitchez!!!!


That's what the Germans fed to my Uncle when he was their prisoner in '45.

Tue, 01/25/2011 - 15:43 | 903644 Agent P
Agent P's picture

Priceless!  However, I definitely don't want that in my taco.

Tue, 01/25/2011 - 15:41 | 903634 AZSovreign
AZSovreign's picture

I had to LOL for reals on that one!!! good stuff!

Tue, 01/25/2011 - 15:46 | 903664 SheepDog-One
SheepDog-One's picture

Mmm yummy!

Tue, 01/25/2011 - 16:12 | 903751 goldfish1
goldfish1's picture

Sweep up the crap on the floor, anti dusting takes care of the rest.

Tue, 01/25/2011 - 18:14 | 904188 VisualCSharp
VisualCSharp's picture

Anti-dusting agent = Pledge wood protectant

Tue, 01/25/2011 - 15:14 | 903518 LostWages
LostWages's picture

Once the world figures out the Bernank is to blame for the rampant inflation, their anger will turn to "guess who"?  WWIII on the horizon.

The entire POMO Meltup is a ploy to secretly bailout the banksters with the commissions on the bond buybacks and to prop up the market to bailout underwater pension funds.

The "wealth effect" is's a double secret bailout.

Tue, 01/25/2011 - 15:20 | 903554 topcallingtroll
topcallingtroll's picture

These countries can de peg and end their food inflation now.

Tue, 01/25/2011 - 15:57 | 903697 flacon
flacon's picture

But Keynes says that would be bad for exports.

Tue, 01/25/2011 - 15:51 | 903677 Dangertime
Dangertime's picture


Wolverines!!!  Nice trailer.

Tue, 01/25/2011 - 15:16 | 903526 Cognitive Dissonance
Cognitive Dissonance's picture

Ruling Family Rumored To Leave Cairo.

Pay attention everyone. This is what it looks like when the refrigerator light goes on and the cockroaches scatter.

Tue, 01/25/2011 - 15:18 | 903541 DonnieD
DonnieD's picture

Looks like we have a little momentum going here. That's 2 ruling families in a week. At this rate, Obama should be packing his bags for Tanzania by mid March.

Tue, 01/25/2011 - 15:24 | 903565 downrodeo
downrodeo's picture

I wonder where they all go. I'm picturing something kind of like Narnia, but with more sex trafficking and fewer satyrs...

Tue, 01/25/2011 - 15:32 | 903590 Alcoholic Nativ...
Alcoholic Native American's picture

Let's hope they do like the dubai world islands and sink 6 feet below sea level.

Tue, 01/25/2011 - 16:07 | 903730 ColonelCooper
ColonelCooper's picture

Or maybe if enough of them gather on one side of a small island it will tip over.

Tue, 01/25/2011 - 16:41 | 903888 chumbawamba
chumbawamba's picture

Why, Saudi Arabia, of course.  They practically have retirement villages for deposed dictators.  Currently heavily populated by former African depots.  They're making room for the new arrivals as we write.

I am Chumbawamba.

Tue, 01/25/2011 - 15:37 | 903617 pslater
pslater's picture

"At this rate, Obama should be packing his bags for Tanzania by mid March."


Do we have to wait that long?

Tue, 01/25/2011 - 15:42 | 903639 Sophist Economicus
Sophist Economicus's picture

Flee, baby, flee....

Tue, 01/25/2011 - 15:19 | 903545 Dr. Richard Head
Dr. Richard Head's picture

I don't even think we have seen the worst of the rioting yet in these countries that are now smoldering.  Once the police realize they are protecting their own masters things will heat up appropriately.

Tue, 01/25/2011 - 15:49 | 903671 Sophist Economicus
Sophist Economicus's picture

Yup.   This started as an internet grass roots effort after Tunisia and Mubaric is heading for the hills after a few crowds in the streets.    I think those in power feel the fragile grasp they have against the masses.    Very interesting indeed!     Wait till Ireland comes online next month

Tue, 01/25/2011 - 16:42 | 903889's picture

Where's  Empress Theodora when you need her?

Tue, 01/25/2011 - 19:31 | 904362 Don Birnam
Don Birnam's picture


Nika !

Tue, 01/25/2011 - 17:15 | 904004 Rudolf Havenstein
Rudolf Havenstein's picture

.......Wait till Ireland comes online next month.....



Tue, 01/25/2011 - 15:29 | 903584 midtowng
midtowng's picture

It doesn't mean anything. Not yet anyway.

Tue, 01/25/2011 - 15:41 | 903633 faustian bargain
faustian bargain's picture

Nothing means anything until it means something.

Tue, 01/25/2011 - 15:47 | 903668 midtowng
midtowng's picture

All I'm saying is that the government isn't going to go down that easy. Not easy at all. They will spill the blood of thousands of civilians before they leave power.

Tue, 01/25/2011 - 16:00 | 903706 faustian bargain
faustian bargain's picture

It's sounding like they might just do that. What it will mean, depends on whether the rest of the world cares.

Tue, 01/25/2011 - 16:13 | 903757 trav7777
trav7777's picture

if they've actually left Cairo, this must be far worse than is being reported or else there is an antagonistic military element involved

Tue, 01/25/2011 - 17:20 | 904022 High Plains Drifter
High Plains Drifter's picture

Unknown Comic on the Gong show, I love it.

Tue, 01/25/2011 - 15:35 | 903611 Salinger
Salinger's picture
Egypt: President's son and family 'have fled to the UK

Tue, 01/25/2011 - 16:14 | 903760 goldfish1
goldfish1's picture

 "US Secretary of State Hillary Clinton has said Mubarak's government is stable despite the demonstrations. Mubarak is an important US partner in the Middle East."

Tue, 01/25/2011 - 16:57 | 903949 AnAnonymous
AnAnonymous's picture

So no cheering from the US for a plebeian effort to shake the yoke of tyranny.

A long US tradition dating back from Haiti. Something like 200 years.

Good, good.

With the US, much better to be a friendly dictatorship than a independently thinking democracy.


Tue, 01/25/2011 - 15:17 | 903536 Midas Mulligan
Midas Mulligan's picture

Interesting developments. The potential descent into political maelstrom for the "stable" Egypt ?

Ah, the gracefulness of the black swan...

Tue, 01/25/2011 - 15:18 | 903542 ArgentDawn
ArgentDawn's picture

Has this revolution been assigned a color yet? Maybe a flower?


Tue, 01/25/2011 - 15:27 | 903575 Sophist Economicus
Sophist Economicus's picture

I think Hillary is auditioning children now to get just the 'right look' for the 'Save Egypt with Our Boy's Lives' poster...

Tue, 01/25/2011 - 16:17 | 903784 Batty Koda
Batty Koda's picture

No it needs to be something young and trendy. The twitter revolution is taken, maybe the iPad revolution, companies can pay the CIA for advertising, the free market is a wonderful thing.

Tue, 01/25/2011 - 16:45 | 903904's picture

Has this revolution been assigned a color yet? Maybe a flower?


Color Revolutions are used to unseat those whom the US opposes. The US does not want Mubarak to fall. No color to this revolution -- it's all quite clear.

Tue, 01/25/2011 - 17:04 | 903971 Bob
Bob's picture


Tue, 01/25/2011 - 15:19 | 903549 The Disappointed
The Disappointed's picture

Unclear how much Egyptian gold either may have absconded with.

They still can't eat it!

Tue, 01/25/2011 - 15:48 | 903670 SheepDog-One
SheepDog-One's picture

Right! Fools, taking off with all the gold...dont they know its a 'bubble' and you cant eat it?

Tue, 01/25/2011 - 15:21 | 903557 Gimp
Gimp's picture

Does Egypt have any oil?  Very little. Then we don't give a sh*t!

Tue, 01/25/2011 - 15:29 | 903586 JW n FL
JW n FL's picture


Vladimir Putin used a Russian proverb to explain why he’s granting BP Plc access to 125,000 square kilometers (48,000 square miles) of Arctic water: the man who’s been beaten is worth two who haven’t.

The Russian prime minister is betting that BP has learned from the trauma of last year’s Gulf of Mexico oil spill and won’t repeat the same mistake. The Jan. 14 meeting with Chief Executive OfficerBob Dudley in a ceremonial room at Putin’s country retreat sealed an agreement to swap BP shares for a holding in OAO Rosneft, Russia’s largest oil producer.

The summit ended negotiations that started when Dudley’s ill-fated predecessor Tony Hayward visited Russia to seek support as the Gulf of Mexico oil spill threatened to destroy the London-based company. Talks gained pace after Dudley took the helm at the start of October, and over hundreds of meetings the agreement that puts BP at the center of Russian oil exploration took shape, people involved in the deal said.

“This gives us an important leg in Russia’s oil growth for the next decades,” said David Peattie, BP’s head of Russia. “It’s one of the last remaining very prospective basins of planet, one that a company the size of BP is able to bring a lot to. We have a track record of opening basins.”

The exchange of a 5 percent stake in BP for a 9.5 percent holding in Russia’s biggest oil producer is the first of its kind between a state-owned company and an international oil producer. BP and Rosneft will search for oil in the Kara Sea off Russia’s north coast.

Tue, 01/25/2011 - 16:19 | 903787 CrashisOptimistic
CrashisOptimistic's picture

That deal was for the South Kara Sea with another of those "Barrels of Oil Equivalent" quotes that usually means (when it's miles and miles  deep) that it's 95% natgas and 5% oil.

The over under says 1-2 billion barrels total of the good stuff recoverable, with extraction rate of MAYBE 100Kbpd.

This is hype, not substance.

Tue, 01/25/2011 - 16:44 | 903899 JW n FL
JW n FL's picture

I dont care about the deal, I was demonstrating that oil is in play and has been.. russia wants to supply the us which would cut into opec...

Tue, 01/25/2011 - 15:31 | 903598 Big Corked Boots
Big Corked Boots's picture

No oil, but a great location... for an Armageddon staging area.

Tue, 01/25/2011 - 15:44 | 903652 JW n FL
JW n FL's picture

bear and eagle in the valley?


Tue, 01/25/2011 - 15:24 | 903567 JW n FL
JW n FL's picture

energy is in play... thanks kgb / bp!

Tue, 01/25/2011 - 15:26 | 903571 Spalding_Smailes
Spalding_Smailes's picture

The Muslim Brotherhood will crush the riots ... 

Tue, 01/25/2011 - 15:40 | 903626 pslater
pslater's picture

I'd pay money to see the Muslim Brotherhood crushed.....

Tue, 01/25/2011 - 15:59 | 903673 Spalding_Smailes
Spalding_Smailes's picture

And the Nazi/Ba'ath party needs a final beating.


I told you the hood' would crush the riots. Live Ammo has been sent to the front lines.

Tue, 01/25/2011 - 15:26 | 903573 jtmo3
jtmo3's picture

Ahhh...who cares about Egypt. UK posts bad numbers so...Gold down. Silver down. Commodities down. Treasury sales up. Inflation now abating!!!! Growth on the move. All is well soon.

Tue, 01/25/2011 - 15:40 | 903612 plocequ1
plocequ1's picture

Exactly. I keep the following link in my bookmarks to remind me that no matter what happens, Bernankes on it. Sort of like Marsellus Watson


Tue, 01/25/2011 - 15:50 | 903674 SheepDog-One
SheepDog-One's picture

May as well just call it $25 trillion weekly...wont make any difference at all.

Tue, 01/25/2011 - 15:27 | 903574 doomandbloom
doomandbloom's picture

oh will i do my rituals in the Pyramid in 2012?

Tue, 01/25/2011 - 15:32 | 903602 PenchantForHoarding
PenchantForHoarding's picture

Seriously.  Fucking bummer on that one...

Tue, 01/25/2011 - 16:01 | 903709 Cognitive Dissonance
Cognitive Dissonance's picture

Two words.

Private security.

Tue, 01/25/2011 - 22:21 | 904805 Hephasteus
Hephasteus's picture

Wear a tutu. If you're batshit crazy the egyptians will give you a little extra breathing room. That's how we got measurements.

Tue, 01/25/2011 - 15:27 | 903579 midtowng
midtowng's picture

Nothing will change in Egypt without a lot of blood being spilled.

Tue, 01/25/2011 - 15:28 | 903583 bunkermeatheadp...
bunkermeatheadprogeny's picture

Better do an acid test on the museum displays.

Tue, 01/25/2011 - 15:30 | 903591 MGA_1
MGA_1's picture

Wow, imagine what happens if they hike tuitions...

Tue, 01/25/2011 - 15:32 | 903600 Negro Primero
Negro Primero's picture

"The jet with Mubarak, his family and 97 (!) pieces of luggage on board left for London on Tuesday from an airport in western Cairo, according to the US-based Akhbar al-Arab."

Tue, 01/25/2011 - 17:28 | 904048 JW n FL
JW n FL's picture

The anti-government protests in Egypt broke out after opposition groups waged an internet campaign inspired by the Tunisian uprising.

Tue, 01/25/2011 - 15:33 | 903604 Weimar Ben Bernanke
Weimar Ben Bernanke's picture

Well if the Muslim Brotherhood get involved Israel is screwed. Anyway I am glad that the egyptian people are uniting to overthrow that police state. However what will replace the Mubarack regime? A military coup,civil war? Who knows but I bet Israel is sweating balls now because Mubarack was Israel's "ally." Also Hezbollah has power in Lebanon so Israel will do something stupid.....again. We should have listened to Washington when he warn not to get involved in wars and  alliances.

Tue, 01/25/2011 - 15:55 | 903691 Spalding_Smailes
Spalding_Smailes's picture

.......... " Sunni-majority Saudi Arabia, the world's largest Arab country by land size and – as the world’s largest crude oil producer – one of the region's wealthiest nations, has also been (until now, secretly) a strong opponent to Iran’s growing nuclear capabilities. But according to a cable recording a conversation between Saudi Ambassador to the US Adel al-Jubair and a US diplomat, Saudi King Abdullah repeatedly urged the US to attack Iran. “He told you to cut the head off the snake,” al-Jubair told the diplomat – the snake, of course, being Iran. The cables also reveal a US plan to reduce Chinese energy dependence on Iran by increasing China's purchases of Saudi oil. " ..................


Everything is under control.

Tue, 01/25/2011 - 16:04 | 903721 Weimar Ben Bernanke
Weimar Ben Bernanke's picture

Oh yeah war with Iran will go so well! Just like the neo con saying "Anyone can go to Baghdad,but real men go to Tehran." Oh i am so excited that the House of Saud and israel want us to bomb Iran and have suffer tremendous casualties from Iran's proxies in Iraq,Kuwait,Baharain,Qatar,UAE. Oh joy more dead US soldiers dying for Saudi Arabia and Israel's agenda. Sarasm off.

Tue, 01/25/2011 - 16:24 | 903810 Spalding_Smailes
Spalding_Smailes's picture

Yep. Thats the downfall of being a superpower. You must take out the trash ... We could only take so many bombings at the world trade center before we did something about the growing extremism.

Tue, 01/25/2011 - 15:34 | 903606 Oh regional Indian
Oh regional Indian's picture

Egypt to Spain Via Morocco. That's the path of the riotovirus.

Someone up there said (I think Chumba) that the US will protect Egypt. Militarily even.

Maybe not. But you know who might gladly fill the shoes? Or the boots? Or better yet the jack-boots required?

Why the UN of course. Blue Helmets, we come in peace with a gun. 

Fascinating to watch at a distance because India is similarly primed.




Tue, 01/25/2011 - 15:35 | 903608 midz
midz's picture

Have we had the water cannon video yet ?

Tue, 01/25/2011 - 17:35 | 904074 andybev01
andybev01's picture

Yeah; I bet they found his face a block away.



Tue, 01/25/2011 - 15:36 | 903613 youngman
youngman's picture

How much gold and silver did they leave with.....then I will know if they are serious or not...

Tue, 01/25/2011 - 15:37 | 903615 johnnymustardseed
johnnymustardseed's picture

Cool police uniforms with built in whiplash collars and ass kicking boots

Tue, 01/25/2011 - 15:47 | 903666 JW n FL
JW n FL's picture

.308 Bitchez!!!

Tue, 01/25/2011 - 15:52 | 903680 Calmyourself
Calmyourself's picture

+BDC reticle quick & easy

Tue, 01/25/2011 - 17:10 | 903994 High Plains Drifter
High Plains Drifter's picture

red dot , short range.

Tue, 01/25/2011 - 17:30 | 904055 JW n FL
JW n FL's picture

cqb or nothing, with apaches, a-10's you had better be in real fucking close... never mind 24/7 predators... fuck? did i say .308.. i meant stingers!

Tue, 01/25/2011 - 15:38 | 903619 topcallingtroll
topcallingtroll's picture

May we be cursed or blessed to live in interesting times. The end of history? Hahahahaha.

Tue, 01/25/2011 - 17:31 | 904059 JW n FL
JW n FL's picture


Tue, 01/25/2011 - 15:44 | 903632 John McCloy
John McCloy's picture

Global Emperor Ben exporting political instability, inflation and chaos in return for temporary social stability here in America. Global wars have been started over considerably less. Eventual determination that this is the result of the banking cartels policy here in the U.S. & U.K. will result in the banning of U.S. business in their home nations. 

  And then we have war after the propaganda smears these nations. This is and has been the goal of the shadow CIA / Financiers who have gained the true power in this nation in secret since the coup on JFK. 

   Like Vietnam the goal is not to win the war but merely to promote instability and disruption in foreign nations so that we can consolidate power.

Tue, 01/25/2011 - 16:08 | 903720 linrom
linrom's picture

...on the theme of temporary social stability in US; what is the Achilles Heel---I think its the US multinationals. I am pretty much certain of that.

Tue, 01/25/2011 - 16:07 | 903727 Stoploss
Stoploss's picture

Indeed. This is roll call, all of the players have to be identified.

Tue, 01/25/2011 - 17:11 | 904000 High Plains Drifter
High Plains Drifter's picture

Will Us cops , shoot to kill?  I submit to you, that it would be a extremely bad mistake for them to start that shit.

Tue, 01/25/2011 - 17:38 | 904086 andybev01
andybev01's picture

It depends.

Are you referring to the ones that still have jobs or the recently disenfranchised?

Because I think that in either case the answer is 'yes'.

Tue, 01/25/2011 - 16:23 | 903808 trav7777
trav7777's picture

Don't be so hard on the Bernank.

All of these nations who are dollar-pegged were taking advantage of the relentless growth of Z1 dollar credit over the decades by growing their own economies on the back of US debt.

they were all too happy to open factories and sell commodities and have money flowing and growth in wealth for themselves and all their cronies and even some for the common man.

This is the downside; credit isn't growing anymore, so the Bernank is having to print the growth.  It's as simple as that.

Sure, let nations like China come unpegged and watch economic activity collapse.  The system survives on increasing borrowing, always increasing.  If you can't read that headline saying we need $100T increase in debt/credit to continue economic growth as we've known it and know what that MEANS in a deep sense, then you need to sit back and listen a bit.

The Bernank is doing what the private sector can no longer do.

Tue, 01/25/2011 - 17:04 | 903972 AnAnonymous
AnAnonymous's picture

they were all too happy to open factories and sell commodities


The US choking themselves... Less and less inputs to support the US way of life. Could work for a Hollywood movie. 

Tue, 01/25/2011 - 15:41 | 903638 buzzsaw99
buzzsaw99's picture

I love the smell of teargas in the morning.

Tue, 01/25/2011 - 15:45 | 903655 Sophist Economicus
Sophist Economicus's picture

Coffee's not too bad either....

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