Egypt
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If you want to see it in color, all you have to do is google image up a history of the price of oil and superimpose it on the price of various staple crops. Take a look at oil and then rice, soybeans, wheat and corn. Look closely at 2008, and at the present. I…
Stuart Staniford has a terrific piece that offers a little visual clarity about food, energy, unemployment and the Riots in the Middle East and North Africa: Tunisia is a minnow in the global oil market, Egypt slightly more important. Algeria, however, matters a lot as its oil production is probably close to total demonstrated OPEC…