Georgia: A Pipeline War

This recent coverage of the Georgian war on Fox News, suggests that oil and pipelines from the Caspian are a pivotel part of the conflict.

Oil and Georgia

The oil from the Caspian basis is transported in large measure by pipelines, some through Russia and another trough Georgia.

This video shows the aspect of oil in the conflict in Georgia.

Pipeline politics: South Ossetia

Matt Savinar culled a good article on the possibility of war damage to the Ceyhan-Tiblisi pipeline which runs from the Caspian Sea to the port of Ceyhan in Turkey through Azerbaijan and Georgia to Turkey.

If South Ossetia became independent from Georgia, the area could increase instability around the pipeline which runs to the south of Ossetia through Georgia. With one million barrels of oil flowing through this newly-completed pipeline, a disruption of the pipeline could put upward pressure on oil prices.

http://www.timesonline.co.uk/tol/news/world/europe/article4484849.ece

The Prize

Daniel Yergin's "The Prize" is a great series on the history of oil.

Here is episode 1.

Dutch Report on Peak Oil

The following is an excellent report on the future of oil supplies and prices.

http://www.clingendael.nl/publications/2008/20080700_ciep_energy_jesse.pdf

Simmons stands behind Peak Oil Theory

Today oil went down to about $120 per barrel.

Matt Simmons is sticking to his belief that crude prices will continue to rise.