Passing Gas

Gas shortages have reached intense levels across much of Eastern and Western Europe today, stemming from a dispute between Russia -- a major supplier to the region, and Ukraine -- the major transit point for that supply.

The dispute focused on details of a contract between Russia and Ukraine, which prompted Russia to shut off supplies through Ukraine (whom it accused of stealing gas en route) on New Years Day. Ukraine says Russia was manipulating the pumps.

Europe is startin' to feel it.