Saturday, June 1, 2013

Saudis to Extend Power Grid to Egypt

http://www.arabnews.com/node/277672

Several points.
  1. This will clearly help Egypt economically and developmentally;
  2. This will also make Egypt increasingly dependent on the Saudis;
  3. The huge costs of this program will be funded by higher oil prices, paid for by those who import Saudi oil;
  4. I'd interpret this as a clear statement about Saudi fears for Egypt and a Saudi desire to look to Egypt as its muscle, given the fecklessness, in Saudi eyes, of American policy.

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