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
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