What happen to oil price after Russia reintegrate Georgia?

Any guess? Russia will be the new OPEC that is 10 times more ruthless. World needs to speak up strongly against the incursion into Georgia. What do you think? What happen to oil price after Russia reintegrate Georgia?
Russia still has no technology to move the oil to the coast where it can be sold. The Alaskan Pipe line took 10 years to build and even though technology has improved today Russia is a way more hostile terrain.





You see the polar bears did not shoot at us while we were building the Alaskan Pipe Line.





tcwWhat happen to oil price after Russia reintegrate Georgia?
Georgia is in a key location where oil pipelines allow the EU to import oil from the far east avoiding Russian territory and Iran.





Georgia is a key part of Europe's plan to get off Russian oil. It's not just about Georgia and NATO membership, but Europe's independence from Russian oil and gas.





It is vital that all NATO membership petitions from Georgia and Ukraine be expedited. France and Germany opposed it because they didn't want to ';anger'; Russia. This is what happens when you show weakness. Just like they tried to appease Hitler, how many countries will be swallowed up this time before the madness is met with strength and determination. This Presidential election is whether we will be the weak America or strong America.
Mark my words,gas will go down to about $50 per barrel. By the way,when that happens,America will be history,at least within 6 months to a year of that happening. This whole thing is a set up,and once again,America is gonna be sucked into another war we have nothing good getting out of; Brace yourselves folks,this is an exciting time to be alive,you might as well start writing journals on the current events,they will be use in history books.


By the way,Russia has more oil than the whole middle east,and Indonesia is about to ';discover'; several oil fields(yeah i used the ';'; on purpose,cause they already know about those fields)
I think it's just a small step before they take over all the oil pipelines that feed Europe.





Remember, when the USSR was poor we could keep them under control, but as Russia they now have tons of money and oil.





While democrats like Pelosi and Reid are working overtime to weaken our country by not letting us get to our own oil, Russia is gearing up big and rich in oil.





We can never get off of oil. Even if we didn't use it for transportation, we'd still import billions of barrels for every other aspect of our lives. I wish more people were more educated on this subject. By demonizing the oil companies we are inadvertently undermining our economy.
For those with American public education, Georgia has oil, maybe not enough, but:


Oil - production: 1,979 bbl/day (2005 est.)


Oil - consumption: 13,400 bbl/day (2005 est.)


Oil - exports: 2,400 bbl/day (2004)


Oil - imports: 13,530 bbl/day (2004)


Oil - proved reserves: 35 million bbl (1 January 2006 est.)


Natural gas - production: 14.39 million cu m (2005 est.)


Natural gas - consumption: 1.8 billion cu m (2007 est.)


Natural gas - exports: 0 cu m (2005)


Natural gas - imports: 1.264 billion cu m (2005)


Natural gas - proved reserves: 8.147 billion cu m (1 January 2006 est.)






Georgian Minister of Defense is Jewish and holds double citizenship (Israeli-Georgian).There are more Jewish Ministers in Gergian governement. Israel was helping to train Georgian soldiers and delivered some airplanes and other armory.


Looks like Israel controls not only US government but other's contries too.
Georgia does not have that much oil. Still will be OPEC running the show. Don't think we should do much of anything as we have no right, with our actions in Iraq, it the pot calling the kettle black.
I just want to know why we need to butt into other countries business again, is it really in our best interest??? Are we going to have to send our troops over there to kill and be killed like in Iraq??
I think the world can't base it's judgment on economic needs and has to recognize Russia's legitimate interests
The price should down as Russia will drill and pump. They need the money right now.
Simple.


It will rise further.





Georgia has no oil, but it does have part of that pipeline.
Now people can see why we have to free ourselves from the oil dependency. It will go up
all of russia's oil goes to western europe. will have little effect here.
they will sky rocket.
Georgia has no oil. None whatsoever.