Closed Georgian pipelines have little effect on oil prices
Instability in Georgia has caused the energy company BP to shut down pipelines in the country. One carried Caspian oil from Azerbaijan to the Georgian Sea. Another BP pipeline stopped last week, following an explosion on a portion of the line. On Tuesday, the International Energy Agency said the conflict in Georgia threatens this key energy route for western oil and gas markets. Reduced demand for oil is helping to mitigate the impact wavering supply might have had even a month ago. Guest: Carola Hoyos, chief energy correspondent for the Financial Times
At The World, we believe strongly that human-centered journalism is at the heart of an informed public and a strong democracy. We see democracy and journalism as two sides of the same coin. If you care about one, it is imperative to care about the other.
Every day, our nonprofit newsroom seeks to inform and empower listeners and hold the powerful accountable. Neither would be possible without the support of listeners like you. If you believe in our work, will you give today? We need your help now more than ever!