Saturday, August 9, 2008

The oil war treadmill?

posted by Dustin








Russian jets today targeted the 3 year-old Baku-Tbilisi-Ceyhan pipeline that takes oil form the Caspian to the Mediterranean. Reports are that they missed.

This "energy corridor" is a critical piece for securing future profits for multinational oil companies, since this oil is eventually directed toward the very rapidly evolving markets in China and India. There have already been announcements to link it the
Trans-Israel Eilat-Ashkelon pipeline, connecting Ceyhan to Israeli ports, bypassing Syria and Lebanon.

It is going to very important to keep an eye on what is happening and wade deep through the media noise over the coming weeks.

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