Heavy Russian airstrikes continue in Ukraine with no end in sight.
As the conflict escalates, rising oil prices are causing alarm about the future of global energy markets. So far, sanctions issued by the European Union have spared Russia’s energy exports, but some European Commission officials have started to call for an oil embargo.
To make sense of the recent oil price volatility, host Jason Bordoff called on energy expert Ed Morse. Morse has been focused on energy policy and commodities since the 1970s and is currently the managing director and global head of commodity research at Citigroup.
He was a senior fellow at the Council on Foreign Relations and served as the deputy assistant secretary of state for energy policy in both the Carter and Reagan administrations.
Together, they discuss what Russia’s invasion of Ukraine means moving forward for global oil supplies and prices at the pump.