was down and when that 10 was at its peak, oil prices went down. gas prices went down. neil: i just want to be clear. that i want to be up noxious but you were not for dramatically you think of domestic production to make up for the well that will be off the market soon from russia. i think the method of production will go up as the prices go up and we are already beginning to see that. as you know, domestic protection , like protection and the rest of the world, all the supply and demand. that is what will happen here. people watch it very closely. thank you very much and good luck. senator chris von hollen. senators are going to be briefed on the impatient a couple of minutes for going to have the latest on how things are looking in ukraine.
financial burden in the united states is going to last for a long time. but he also said this is something that s going to be very easy to see you in a matter of days. i asked him if he thinks that the sanctions are going to have the same impact in ukraine as russian tanks and missiles and bullets and he said in ukraine he thinks that will. now to senator chris von hollen. senators are going to get a briefing about 13 minutes and the senate is kind enough to join us. always good to see you. what he wanted here at this briefing? what is your biggest concern. well, neil, welcome back. good to have you back. thank you. a couple of questions i ve got. the first is how is the ukrainian military buried up
will do everything we can to reduce gas prices. there s a whole mix of factors. there was growing worldwide demand as we beat this pandemic. puts happening in ukraine right now leads to upward prices in the market. we are going to have to face some short-term gain in order to send a message that putin cannot invade ukraine with impunity. we have to impose maximum economic sanctions on putin and his cronies and we also need to be the ukrainian persistence. a lot of minuses when people look back on this decision by putin, they see it as an epic miscalculation. that is what we have got to make sure happens. senator, i ve been curious. is going to be a lot of russian well that would be off the market.
against the attack. second, what are our plans to arm ukrainian persistence and is this going to be a long fight, potentially, against putin mac putin s occupation. out think that ukraine is going to allow him to dominate over the long-term but we need to make sure that we are supplying them with what they need. and also what impact we expect from the sanctions announced so far and over what time period. so lots of big questions that we need to answer as we develop our strategy along with our allies. senator, we got gas will prices rocketing and there s been talk about temporary suspending the gasoline tax but are you open to that? i m open to looking at different things, neil.
minutes away from the senate getting briefed on all of this. key members will. while the white house briefing has been pushed back a bit, we are going to have you spend chris von hollen on and what he wants to hear from the briefing coming up.