The impact of global conflict and economic instability on gas prices

Jim Krane, Varun Rai, and Payne Institute Director Morgan Bazilian discuss how the Russian invasion of Ukraine is causing price increases and volatility for the two most widely traded global commodities: oil and gas.  Crude oil prices have spiked in response to provocation by Russia — the second-largest oil and gas exporter in the world — in Ukraine, which is a major transit route for Russian gas.  March 8, 2022.