For a grasp on the situation in Russia, we decided to turn to an actual Russian. Dimitri Orlov spends time here in Charleston seasonally since leaving Russia after the collapse of the U.S.S.R. In, The Trouble with Georgia, he does a great job of outlining some of the history behind the turmoil over on the other side of the world. The press seems to keep the mention of the giant oil pipeline to a minimum in this insane bizarro-world where smart thinking people still cling to the hope that oil will fall miraculously back down to sixty bucks a barrel.
It turns out, as usual where oil is concerned, there will be long term ramifications outside of our general scope in this moment. But we'll be watching this one. What we do know is that Russia is securing its resources now. The Georgian's and Russians have a long, long history and the U.S. has been meddling by getting really friendly with Medvedev and the Georgians. Looking at a map of the pipelines through Afghanistan, Georgia and the rest is eye-opening. Russia has already admitted their vast oil resources are peaking as well, yet the U.S. continues to befriend every nation surrounding Russia, as well as moving forward with building missile silos in Poland. Hmmmmm....is anyone out there (other than us) wondering why???
At any rate, today Bush offered up our Navy to offer aide to Georgia, and the Marketoracle.uk has some interesting perspectives as well (with maps for South Carolinians and other U.S. Americans who cannot afford them).