which movement on the keystone pipeline which was movement on the keystone pipeline which was a union job project that was going which was a union job project that was going to deliver more oil to the united was going to deliver more oil to the united states, and as we are trying to not united states, and as we are trying to notjust united states, and as we are trying to notjust be self sufficient but an exporter, it is where we can help. an exporter, it is where we can help. we an exporter, it is where we can help, we cannot solve your applause problems, and obviously there is applausr problems, and obviously there is a lot going problems, and obviously there is a lot going on in europe right now there lot going on in europe right now there is lot going on in europe right now there is notjust about ukraine and russia, there is notjust about ukraine and russia, writtenjust there is notjust about ukraine and russia, written just about there is notjust about ukrai
a solution in moscow, the other trying to find an energy solution in washington, that s what i want to talk about, because that s what the conversation is about, european energy into how the united states might replace russian oil and gas if it comes with sanctions, and in germany in particular it is a national security issue. have a look at these numbers. currently, german stands at 45% full, down 9% capacity this time last year, i think we can bring the numbers, it imports most of the gas it consumes, 32% of the gas comes from russia, notjust gas its oil as well, crude oil, 34% of germany s crude oil comes from russia, other countries like italy depend on russian gas as well, let s talk to our panel that. doug, that
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it comes as the president of the world bank said the war in ukraine is a catastrophe for the world which will cut global economic growth. our economics editor faisal islam reports. the impact of this war 1500 miles away is starting to be felt everywhere. a price shock is coming on what we pay for our loaves of bread, anything that requires a tin or a can, on sunflower oil and, of course, it s here already in our use of petrol at the pumps and energy generally, especially gas, all of which are being hit by limits on what russia or ukraine are able to export. have a look at the price energy companies pay for the gas they need to supply to households. it s been about 50p per therm for two decades. during the invasion, it shot up, surging today to 508p per therm, a new record and making another significant rise in bills in autumn likely. it s notjust gas, though.
of bread, anything that requires a tin or a can, on sunflower oil and, of course, it s here already in our use of petrol at the pumps and energy generally, especially gas, all of which are being hit by limits on what russia or ukraine are able to export. have a look at the price energy companies pay for the gas they need to supply to households. it s been about 50p per therm for two decades. during the invasion, it shot up, to 508p per therm, a new record and making another significant rise in bills in autumn likely. it s notjust gas, though. this is a similar 20 year chart for wheat, up 40% this month after exports stopped from russia and ukraine. metals prices also surging, aluminium at new records as russian exports halt, going up 30% over the past month. that s going to mean higher energy, transport and food prices in the uk. it s possible that inflation