Oil Drum has an omnibus post with background information on the escalating conflict in Georgia.
“Georgia has asked for a cease-fire, but Russia continues its air raids. Bombing originally began in the breakaway province of South Ossetia. Russia is now demanding that Georgian forces disarm in another breakaway province, Abkhazia, or Russian troops will move in. This would be a major escalation of the war.”
Read the full post here. There are a bunch of helpful links to reports about the situation and analysis of what’s happening.
Oil Drum is following this because of the effects that this war is going to have on oil (and natural gas) shipments from the region. Russia is one of the largest exporters of both in Europe and Asia.