Is there any estimates out there? Becuase oil went down 2 more dollars today, so I think it stands somewhere around 115 or less...But Would it go up to 150? or lower...idk, I'm just wondering...How much would oil go up, if Russia bombed the pipeline though Georgia?
Not a lot! The pipeline imports OIL from Azerbaijan into Europe. Pipeline in currently closed in Turkey, due to PKK attack. Two ports are closed in near Georgia. So it doesn't seem to have made a lot of difference, and I doubt it would result in any major increase.
Not short term anyway. Europe is prepared as few months ago Russia blocked it's supply to Ukraine. I also don't see Russia trying to bomb it as it would harm their interests as well, and Russia has good relations with Azerbaijan %26amp; Turkey.How much would oil go up, if Russia bombed the pipeline though Georgia?
It wouldn't change the price much because that region is so unstable, nobody was counting on that oil coming out anyway.
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