Posted on 08/10/2008 4:50:04 PM PDT by Colorado Doug
BP is facing a second front in the former Soviet Union after Russian jets were reported to have launched a bombing raid on its main pipeline in Georgia, raising fears that Moscow was moving to increase its stranglehold on Europe's energy supplies.
The oil giant is the biggest of more than 100 British companies operating in Georgia that have unwittingly become embroiled in the war between Russia and its neighbour.
The FTSE company is already fighting a protracted battle with four Russia oligarchs for control of TNK-BP. Robert Dudley, the chief executive of the joint venture, was last month forced to go into hiding, while the company's chief financial officer, James Owen, stepped down last week.
BP, which employs hundreds in Georgia, owns a 30pc stake in the Baku-Tbilisi-Ceyhan pipeline, the world's second longest. It carries more than 1pc of the global oil supply or 1m barrels a day from Azerbaijan to the Mediterranean and was attacked unsuccessfully by Russian jets on Saturday.
Local reports recorded 51 missile strikes that left craters less than 100 yards on either side of a pressure vent.
(Excerpt) Read more at telegraph.co.uk ...
Not very good aim. 51 shots, 51 misses
oil’s too cheap, huh?
/s
Ping!
No War for Oil!
Would I be cliche to say “this is insane?”
I think it’s time to go build a little hidey-hole in my basement. These people are beyond mentally unbalanced.
Hits less than 100 yards either side of the pipeline indicate the pipeline was “bracketed”. They could have taken it out but did not. I would suspect this was a negotiation tactic as in showing what they could do. There are probably demands being made that if not met, the ‘bracket’ will be split. Just a guess.
What does a BP oil pipeline have to do with ethnic Russians in South Ossetia???
Here’s to Russian Air Force marksmanship!
(Note to self, fill gas tank tomorrow morning..early...)
Those are shots accross the bow, interfere and the next ones won’t miss.
I was going to say, so much for $115 oil per barrel.
the british petorleum-operated oil pipeline passes from the east to the west across georgia.
ossetia’s near by.
Not to be negative but the idiots left congress a week ago and Nanct off on her book tour. In essense they are giving America the finger and saying screw you, we own you.
Are you being rhetorical or is this a serious question? If I were guessing at an answer, one answer would be that concern for the ethnic Russians in South Ossetia is a ruse and Russia's real goal is to conquer Georgia and control the pipeline.
there was an interesting article in the nyt by a helene something-or-other saying
that if the u.s. were to give kosovo back to russia (implicitly to their client serbia),
then iran would be ok.
Should I laugh or puke.
re: It’s another warning that the U.S. needs to be energy independent.
The only thing that will kick the people who can make it happen in the butt and wake them up is the price of gas. $4 almost did the trick.
I don’t how many more of these warnings we can afford to ignore. After all these years we still haven’t moved to increase our use of nuclear power or to tap into our own supplies of energy.
We have simply lost our ability to prepare for the future. We live one day at a time, one gas tank fill up at a time. Politics have reached the point that any situation truly worthy of serious consideration is quickly divided between the two factions and from then on it’s a matter of who can make the most of it.
yep.
as ibd pointed out, nancy disparages the speculators when the price goes up,
but when speculators drive the price goes down, her brain’s turned off.
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