How Will Oil React ?

This whole Russian/ Georgian drama could could cause some big problems for our foregone feeling that oil is on its way to $100. They evidently tried to blow up a Georgian pipeline that is 30% owned by BP and supplies 1% of the worlds oil supply. If this happened two weeks ago, and if it happened somewhere in the mid east, oil would have popped through $150-160 in a heartbeat. It will be interesting to see how oil will be affected this week, barring a serious cease fire. This is fast becoming another Russia-Afghanistan situation.

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