European stocks slumped and oil surged to its highest in seven (7) years on Tuesday as Europe’s eastern flank stood on the cusp of war after Russian President Vladimir Putin ordered troops into two breakaway regions of eastern Ukraine.
The broader Euro STOXX 600 fell as much as 1.9% to a seven-month low. German stocks - seen as more vulnerable due to the country’s heavy reliance on Russian gas supplies - dropped more than 2%.
It's a perfect storm for oil and gas producers, over the next three (3) years they are going to make some big profits.