The impact on the oil supply from the revolutions
Most of Mohamed El-Erian’s recent oped contributions to Reuters.com have centered around the uprisings in the Middle East and North Africa (MENA), and have shared his proposals for what the economic landscape there should look like during and after the revolutions. He talks about Egypt’s banking system and how to reset Egypt’s economy, what sort of economic and humanitarian change should happen in MENA and talks about an Egyptian song that embodies the heart and soul of the Egyptian revolution.
After the uprisings spread across the MENA region, the question at the forefront right now other than what sort of leadership will develop for the various countries in the midst of a revolution, is what will happen to the oil supply from that area.
Erik Mielke, partner at a New York-based investment management firm Namir Capital LLC, talks about the outcome for oil from MENA in his recent oped for Reuters.com, “Let them eat oil”. Read his entire piece to find out why he thinks higher oil prices will not just affect MENA but also the rest of the world.