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FOXNEWS Gutfeld February 25, 2022 04:29:00

Russia produces 10% of the world s oil and provides eurowith 1/3 of the natural gas, close to 40%. after the invasion of ukraine, oil futures hit $1505 a barrel. the highest since 2014 when russia invaded crimea. a wild ride on wall street, a huge selloff, then coming back later in the day. the s&p 500 was down 2.5% with all of the companies in the red. it ended up finishing 63 points higher for a 1.5% gain. the swing was bigger on the tech heavy nasdaq composite, that went 3% down to close 3.3% higher. the turnaround happened after president biden announced the sanctions against russia, because those sanctions will not disrupt oil and gas markets. in fact, biden made it clear saying, quote, our sanctions package is specifically designed to allow energy payments to continue. here s charles payne of fox business on special report ....

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FOXNEWS Gutfeld February 25, 2022 04:31:00

Export controls for components is necessary. nordstream 2 should be killed with no chance of revival. what do you make of today? what a day it was today, shannon. you heard the report from the stock market. i feel queasy from watching the market go way down and come back. i don t think i ve seen days quite like this before. so, i think the markets are jittery. and you asked about these responses by biden. i think some of the sanctions are justified. what i was disappointed in, shannon, is i would have liked to have seen joe biden say something about american energy policy and say, look, maybe i made a mistake in not going ahead with the keystone xl pipeline. and also, some of the restrictions that he s put on american output of american oil and gas, we have more oil and gas than russia does. yet they re producing more of it today than we are. ....

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FOXNEWS Gutfeld February 25, 2022 04:18:00

Progressives, the squad, the green energy folks. we all want green energy. it will take time to get there. it s the first time since 1938 a european country being taken by conquest by it s neighbor. get the oil and gas going, get the bridge. let s make it a bipartisan win for the american people. that s something that joe biden would be president biden would be well thought of for doing. another piece. different one in wall street journal. an opinion piece, rogue russia tries to reset the world order. glitch the incompatibility of its goals with american interest and it s demonstrated ability to punch above the economic weight, russia poses waste that the u.s. can no longer ignore. if the response is purposeful, creative, and wise, the campaign against the world order will fail. you ve seen what the administration has laid out by way of sanctions so far, the bolstering of the allies, what could fit that bill? ....

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FOXNEWS Gutfeld February 25, 2022 04:17:00

The oil reserves that we have. and those would be a few things that would immediately stabilize the markets and send a message to the europeans. but it would also the $100 a barrel oil is bad for american consumers but putting a fortune in putin s pocket. he s making more on the rising oil price than sanctions. double whammy consumers and hurting putin. shannon: everything you outlined is antithetical to what this president has done so far. on the off chance they re watching tonight, how would you convince him this is in his best interest or in america s best interest to make those moves? president biden is a patriot. he has to go back to the scranton joe, looking out for the american man and woman in this country. we have to make that a priority. he s been taken hoes tang by the ....

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FOXNEWS Gutfeld February 25, 2022 04:54:00

I think donald trump had this right. look, it is the obligation and duty of the united states, i think, to be energy independent and get us back to the point where we were under donald trump where we export the energy partners. if the nato partners had an alternative to get energy from the united states, i think they would do that. good paying jobs here in america. exporting product that is cleaner than what russia is able to provide. and, remember, every time the cost of a barrel of gas goes up, it enriches the iranians and the russians. he s making more money as robert o brien told you, he s making more money, vladimir putin, because of the sanctions, because the price of gas goes up, then anything that these sanctions would have done. you know, we have much more to discuss, if you ll stick around, we would love to rejoin you in the next hour as we get more developments on the ground as well. i want to bring brett baeir in ....

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