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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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From: koan8/13/2008 8:24:26 PM
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Gold and silver smoking. This Russia invasion could send gold and oil to the moon. I think Putin intends to spank bush for his vitriol and interfernce in their sphere of influence.

Which he can do easily as Russia supplies 50% of Europe's gas and 30% of its oil and is the largest oil exporter in the world.

BP yesterday completley closed down its 1,000,000 barrel a day pipeline. I think Russia will keep it closed. It is in their interest to do so and to show bush not to threaten him.

Putin just said: "choose sides".

The Georgian president said bush mislead im.

From sulcus on another thread:


"As for the U.S., they want to have access to Georgian territory for different reasons; one is oil and gas transit, and secondly, establishing a military base for the U.S. army in the event of an attack on Iran, and for placing radars or anti-rockets systems."

Georgia lies at the heart of the Caucasus -- which hosts a major pipeline pumping oil from Asia to Europe -- and is at the centre of a battle for regional influence between the United States and Russia.

Georgia is locked in an increasingly tense row with Russia over the two rebel regions of Abkhazia and South Ossetia that broke away from Tbilisi after the 1991 fall of the Soviet Union.
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