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Varney company is about to begin. Ukraine is the big drag on the stock market this morning. You can see up 137 points. Also affecttng the oil market. Having a big move up, 2. 41. Sandra smith is with me. How long is this going to last . Sandra this is seen as a shortterm threats to oil prices right now. Is there any serious threats to those will supplies going out . Nobody is seeing it as that. This is likely a shortterm runup. 5. 5 Million Euros per day. Russia is a major exporter of energy to europe and a lot of those pipelines go through ukraine. This is a fear premium put into the price of energy and it is affecting our everyday prices. Charles it has applications to the idea this will be eastwest, for tat economic sanctions. To a large degree europe needs that oil. Sandra this is also being seen as an opportunity for the United States. The reopen of the discussion of the Keystone Pipeline, more exports of liquefied natural gas. This could be an opportunity for the United States. C

United arab emiratesUnited statesCzech republicSouth africaNew yorkUkraine generalAvtonomna respublikaPuerto ricoNew jerseyKrasnodarskiy krayHong kongWarren buffettKaty mcfarlandSandra smithRon paulVladimir putin