Steve's barking at what's happening in Egypt

What's going on in Egypt must be important, broadcast media are sending over their anchors.
They must be sending over their anchors so they don't have to pay their reporters excess for too much air time ( Like I really know)?
I was surfing the boob tube again and I heard by an expert how if Egypt were to go down Suez Canal it's quite possible that the Suez Canal will be shut down. It would then mean that oil tankers would not be able to go west. There is even a possibility that that an oil pipe line that runs through it would be shut down.
The statements from these pundits (?) is that the price of oil would go up.
NOOOO the price of oil has nothing to do if the oil goes East or West, the closing of the Straights of Hormuz would have devastating effect on the price of oil. Now the closing of the Egyption pipe line and the closing of the Suez Canal might hurt the bottom line on some oil companies but the output of oil isn't effected one way or the other by Egypt.