The correct answers to these open questions are the following.
Although there are no options attached we can say the following.
1.What is happening in Egypt?
What was happening in Egypt was that civilian protests created civil strife which affected the price of oil. The price of oil reached $100 due to Suez Canal Fears on Jan 28, 2011.
Egyptian people were protesting against dictator Husni Mubarak that was reaching his 30-year rule over Egypt.
2.According to the excerpt, what is the fear of the Suez Canal choke point?
The situation could have ripple effects worldwide if the Suez Canal becomes jeopardized or even shut down.
Although Egypt was not a major producer of oil, it administers the Suez Canal. If the canal is blocked, cargo ships full of oil cannot cross Europe, the Middle East, and to different parts of the world.
3.What impact can conflict in Egypt and the Suez Canal have on oil?
It could scale up and could become an international crisis that would affect many countries.
The world´s operations were and are based on il. vehicles, airplanes, trucks, transportation systems, machines in factories, operates using oil. No oil means a worldwide energetic crisis.
