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Joe Pags
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Joe Pags
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The eyes of the world are on Egypt right now, and for good reason. What happens there could affect the stability of the Middle East and the worldwide economy. Oregon Congressman Greg Walden is in Central Oregon today and we talked to him about the unrest in Egypt. The country isn't a major oil producer, but does control access to the very important Suez Canal: "From what I'm told, whoever takes power in Egypt will need the revenue that’s generated as a result of all that for themselves to be successful. So it doesn't appear to be in anyone’s self interests regardless of who's ruling the country to shutdown the flow of oil. That's the good news; now that doesn't mean if some extremist group gets in there that wants to make a very different statement that bad things can't happen.  That’s why this is a very serious and precarious process we're in right now."   Another important impact that Walden and others are watching: is how a change of power could affect neighboring Israel. 

 

 

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