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So far there has been little evidence that the "war" between Georgia and Russia has done anything of substance to increase the price of oil.
At the beginning of the conflict, there was a concern that the movement of oil through Russia might be impeded.
But, now Russia is planning to put nuclear war heads on some of the weapons of its Baltic Fleet, upping its bet that it can menace the region and control its political fate. For the economy and oil prices, the effect may be immediate.
