{"id":9471,"date":"2013-08-17T09:00:42","date_gmt":"2013-08-17T13:00:42","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=9471"},"modified":"2013-08-17T01:34:54","modified_gmt":"2013-08-17T05:34:54","slug":"the-economics-of-the-suez-canal-as-the-turmoil-in-egypt-continues","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2013\/the-economics-of-the-suez-canal-as-the-turmoil-in-egypt-continues\/","title":{"rendered":"The Economics Of The Suez Canal"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/08\/081713_0516_TheEconomic1.jpg\" width=\"641\" height=\"428\" \/><\/p>\n<p>The turmoil in Egypt <a href=\"http:\/\/www.aljazeera.com\/news\/middleeast\/2013\/08\/201381742936960875.html\">continues<\/a>, yet there&#8217;s no danger of the <a href=\"http:\/\/en.wikipedia.org\/wiki\/Suez_Canal\">Suez Canal<\/a> being shut down writes Tim Fernholz:<\/p>\n<ul>\n<li>3% of the world&#8217;s oil supply, and 8% of global trade goes through the canal.<\/li>\n<li>It is an important source of revenue for Egypt \u2013 it contributed $2.4 billion to GDP in the first half of 2013.<\/li>\n<li>It provides about 10% of Egypt&#8217;s currency reserves \u2013 and they&#8217;ve fallen to less than $10 billion this year.<\/li>\n<li>Therefore the Egyptian government \u2013 whether military or Islamist \u2013 needs the canal, and ensuring its security is one of the country&#8217;s top priorities.<\/li>\n<\/ul>\n<p>Read more about why it can&#8217;t be used as a bargaining chip over <a href=\"http:\/\/qz.com\/116115\/why-the-suez-canal-will-remain-open-even-as-egypt-burns\/\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/qz.com\/116115\/why-the-suez-canal-will-remain-open-even-as-egypt-burns\/\">Quartz<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The turmoil in Egypt continues, yet there&#8217;s no danger of the Suez Canal being shut down writes Tim Fernholz: 3% of the world&#8217;s oil supply, and 8% of global trade goes through the canal. It is an important source of revenue for Egypt \u2013 it contributed $2.4 billion to GDP in the first half of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9470,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/08\/081713_0516_TheEconomic1.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=9471"}],"version-history":[{"count":3,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9471\/revisions"}],"predecessor-version":[{"id":9477,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9471\/revisions\/9477"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/9470"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=9471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=9471"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=9471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}