CNBC contributor Erin Burnett said Friday that oil prices would skyrocket if countries in the Middle East broke out from under the rule of brutal dictators.
Appearing on a Friday broadcast of MSNBC’s “Morning Joe,” Burnett said that the ongoing revolution in Egypt could threaten US interests in the region due to Egypt’s history as an ally on matters pertaining to Iran, Iraq and Afghanistan.
She added that as one of the most developed economies in the Middle East, it was surprising to see many of the society’s wealthiest individuals supporting regime change. Tens of thousands of protesters across the country have taken to the streets the last few days, demanding President Mubarak resign.
“One more thing,” Burnett remarked. “If this spreads, the United States could take a huge hit because democracy in a place like Saudi Arabia, you’ve talked about who might come in power, what that means for oil prices. They’re going to go stratospheric.”
“There’s no doubt about it,’ MSNBC host Joe Scarborough said. “No doubt about it!”
While the White House has been unusually quiet on the situation in Egypt, President Barack Obama said yesterday that Egypt’s leaders must be more “responsive” to their people.
Vice President Joe Biden, during an appearance Thursday night on PBS, also claimed that President Mubarak was not a dictator and should not step down.
Mubarak has been in power for over three decades.
This video is from MSNBC’s Morning Joe, broadcast Jan. 28, 2011.
Watch a band in cow costumes sing about Devin Nunes at White House impeachment protest
Protesters clad in full-body furry costumes sang about Rep. Devin Nunes during a Saturday protest at the White House.
The protesters were dressed as cattle after the Fresno Republican sued a fake cow Twitter, @DevinCow.
The protesters changed the lyrics to the hit 1958 Chuck Berry song "Johnny B. Goode" to "Devin Nunes."
Video of the protested was posted to Twitter by Democratic strategist Parkhomenko, who was targeted by Nunes in one of his lawsuits.
The lyrics to the 1958 Champs song "Tequila" were changed to "subpoenas."
Shocking photos document the devastating flooding pummeling San Francisco
San Francisco was battered by a heavy winter storm on Saturday that caused localized flooding throughout the city.
"A low pressure system off the Northern California coast Saturday hurled bans of strong downpours into the Bay Area, triggering a flood warning for San Francisco," KPIX-TV reported.
"San Francisco Muni officials tweeted that train service between West Portal to Embarcadero Station had been shut down due to flooding. Several streets were flooded in San Francisco’s western neighborhood including knee-high water at 15th Ave and Wawona," the station noted.
North Korea announces ‘test of very great importance’ occurred at the Sohae Satellite Launching Ground: report
North Korea state media reported on a "successful" test at a missile launch site.
"A very important test took place at the Sohae Satellite Launching Ground on the afternoon of December 7, 2019," a spokesperson for the Academy of the National Defense Science said.
The spokesperson said the test was "of great significance to the Central Committee of the Workers' Party of Korea.
#UPDATE North Korea conducts a "very important test" at its Sohae satellite launch site, state media reports, as nuclear negotiations between Pyongyang and Washington remain deadlocked https://t.co/abYhRDvBic pic.twitter.com/neCYEQTEhf