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Penn West Petroleum Ltd. Message Board

  • longtoearly longtoearly Aug 11, 2008 8:22 PM Flag

    The World just changed

    2 months ago, Russian troops rebuilt railroad lines in South Ossetia, necessary for their current invasion. 20,000 Russian troops and 500 tanks have occupied South Ossetia and continued to invade Georgia, occupying Gori and cutting the country in half. Western Georgia province of Abkhazia has also been invaded on a seperate front. There's not much the West can do other than say "Russia, that's not nice." Look for the Democracy of Georgia to fall and be replaced by a Russian puppet. The fall of Georgia effectly gives Russia control of the Baku-Tbilisi-Ceyhan pipeline, which carries approx 1,000,000 barrels of oil a day to Europe. The West could respond by admitting the Ukraine into NATO, but will European nations have the backbone to stand up to Russia, if Russia controls all the oil and ng pipelines. The Cold War dominated World political events from the late forties to the early ninties, and Russia lost because of the inherent weaknesses in their economic system, communism. Now on the horizon is an OIL COLD WAR, but now Russia has a Capitalist economic structure and vast oil reserves. I'm getting nervous. I think Penn West's oil reserves will become a very valuable asset. $27 pps is ridiculous.

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