"And I tell you who is next in line - the Saudies. If that regime goes then all bets are off"
Protests inspired by the revolt in Tunisia have dominoed along Egypt, Yemen and Algeria with citizens calling for governmental change. What will this mean for US involvement in the region? Investigative journalist Wayne Madsen explained Egypt is an important ally of the US and receives more US foreign aid than any other country in the region, and they never thought that Mubarak was going to be toppled from power -- especially since US Vice President Joe Biden has continually referred to him as a close ally and refused to call him a dictator.
http://www.youtube.com/watch?v=T_Igec8qWm4&feature=related
So there are issues now not only related to the physical transportation of oil to the world markets through the Suez where possibly India may be the most hurt but in addition to this the real concern has to be related to this Egyptian uprising spreading to other areas and then in particular the oil producing arab states.
Crude spike from Egypt unrest could raise India’s import bill
The chances of the political instability in Egypt triggering similar developments in other states in the region such as Yemen are high,” said Nabin Ballodia, director, KPMG
http://www.financialexpress.com/printer/news/744355/
Mid East Contagion as fear for Saudia Oil Spreads
http://intheendwerealldebt.blogspot.com/2011/02/mid-east-contagion-fears-for-saudi-oil.html
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