The question is that there are two different calculus. One was the calculus of toppling the head of a regime, Hosni Mubarak. And now we’re entering into a second calculus, which is the regime that was in power, dominated by the army, which is heavily influenced by the Americans, and also the Muslim Brotherhood that is very much in need of money and support and regional coordination with Saudi Arabia, that would keep it in power.
Now, those of us who are following this closely knew this from Bahrain. Bahrain is really the critical question. As soon as Bahrain activists were denied access into Egypt, antennas went up that Mohamed Morsi is having an understanding with the Saudis because of the money that he needs from the Saudis and the Qataris not to allow Bahraini activists to enter Egypt in order to consolidate with their Egyptian counterparts and do what Egyptians have done in Egypt, to do it in Bahrain.
So there is no doubt that the Saudis and the Qataris and the other Gulf areas, they are scared by these revolutions. These are massive and open-ended revolutions, and anything that can happen. (Hamid Dabashi)
More here.