Document 7: Egyptian Civil Strife Sends Oil Close To $100 On Suez Canal Fears Jan 28, 2011 The situation could have ripple effects worldwide if the Suez Canal becomes jeopardized or even shut down. According to Canaccord Genuity, "this may be impactful as approximately 1.8 million bb/d of oil was transported through the Suez Canal in 2009. A closure of the canal would result in an extra 6,000 miles of travel for any oil being transported out of the region, an additional cost which could drive up oil prices."

What is happening in Egypt?

According to the excerpt, what is the fear about the Suez Canal choke point?

What impact can conflict in Egypt and the Suez Canal have on oil?

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