Energy Security, Why Europe Should Pay Attention to Algeria

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Marin Katusa, Chief Energy Strategist, Casey Research writes: Tunisia’s uprising has democracy watchers wondering if the instability will spill over into neighboring North African countries, but really that instability is already there. In the first week of the year, Algeria experienced violent protests after the government hiked prices for staple foods like milk, sugar, oil, and flour.

Some 800 people were injured in several days of rioting, prompting President Abdelaziz Bouteflika to cut costs on some foods and lower import duties on others. The rioters went home, but odds are they will return to the streets when prices rise again.

http://www.marketoracle.co.uk/Article25881.html

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