Aleklett, K. July 9, 2012. Egypt condemned to continued chaos without its earnings from oil. ASPO.
The main problem with Egypt is their population has grown far past the ability of their nation to provide food for its people. That wasn’t a problem when they exported oil and had the money to buy food, but oil production peaked, and now Egypt imports oil. The price of food skyrocketed, people are hungry, and there’s no end to social unrest in sight. They’re in a good position to blackmail the world like North Korea has into providing oil and food. Egypt sits next to the Suez canal, which is a critical chokepoint for 5% of global oil supplies.