professor and chief economist at the institute for public policy and governance at the university of technology sydney payne. thank you so much for being on counting the costs. so high prices we know affect consumers. what is the impact on everyday life? well, of course they price paying the highest, it's been since 2014 when they had the. ready dish in the crimea means that the balance is going to be a lot higher. we've already noticed that here in australia, even though we produce to cross cells. so it's going to directly take people. so not like what about the global economy, what, what impact will it have on growth? does, does any country at this stage risk or face a threat of recession like conditions as a result of these high oil prices? well, not, not yet. but what's important is that russia itself is a major producer of oil, natural gas, white palladium. copper nichol itself would be a major supply shock from russia that would have a big impact on the global economy. then there would be, of course, a reaction to the higher oil prices that, that you mentioned in your preference side, a supply show fr