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Geopolitical problems continue to drive shockwaves across the energy industry. This morning, Russian gas company Gazprom (OTC: OGZPY) announced that Ukraine failed to pay its gas debts by today's deadline. Gazprom (OTC: OGZPY) has ordered that Ukraine pay for all future orders up front, creating new pressures and concerns that Russia may now cut off European energy supplies. The global energy markets are already spiking due to ongoing conflict in Iraq, where Al-Qaeda-linked forces have seized a number of key cities.