The Green Files > Peak Oil Review - August 11
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[Energy Bulletin -] The BTC pipeline is still on fire with estimates for repairs running anywhere from two to five weeks. The situation was further complicated last week by the fighting in South Ossetia which resulted in Russian air attacks on the BTC pipeline and an oil shipping port inside Georgia.
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[Still hoping there is intelligent life somewhere in the universe] kwitsach_hadera @ 2008-08-10T15:41:00: Just as US financial and political powerhouses were celebrating the results of their demand destruction and the "recovery" of our financial markets after the terrifying June/July run-up in oil prices, the Russians went and messed everything up. Even I had forgotten for a moment the Hegelian dialectic which says that if you create (or worsen) a problem (soaring fuel costs), you can solve it and get a result you wanted from the start.
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[Perspectives] Do We Get a Monday BROW Beating?: If it is not a pipeline war, why would Russia decide to bomb a Georgian oil port that is far from South Ossetia, but that is an alternative to the BTC pipeline for oil flow through Georgia to the West?
[Riot 4 Austerity] Georgia, Russia, the West: Checkmate: This is exactly what is happening with the Persian Gulf countries. Most of them have declining oil production, but even those whose production can increase are using more of it themselves, so that available exports from them are declining, or will be in the next decade or so.
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