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ukraine, it could create additional impact within europe and i ll go to the unlimited or more dramatic potential read-out on this. start with the fact europe, broader europe, if they put sanctions on russia right now, broader europe gets 30% of oil and 40% of natural gas from russia, there will be equal and opposite reaction, expect gas to get turned off by russia. on the flip side, you can say this is the first act of a long play that has a bad ending unless the united states again leads sanctions that stop this in its tracks. this could be the first act of that russia/china pact where china moves in its fear of influence. it is perilous moment, one in which courage and unity are critical, understanding histories critical. understanding overreaction is as bad as under reaction, get balance right and send message

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