Why the US Russia stand-off in Georgia?
Oh, perhaps the 1 million bpd oil pipeline running through Georgia connecting the rich Caspian Sea oil deposits to European and Israeli oil terminals.
This is the only route for Caspian Sea oil that does not pass through Russia or Iran.
US support of Georgia (one of 3 countries to send troops to help the US in Iraq) is a Russian bone of contention. Makes you wonder if the recent visit there by Condoleeza Rice had anything to do with Russia suddenly dumping $50B in Fannie Mae and Freddie Mac bonds.
Putin previously demonstrated he would use Natural Gas as a weapon (shutting gas off to Ukraine), is it any stretch to think he would use Russia's newly gained wealth in similar fashion?
- Rinx
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