Oil, gas and mining

Energy crisis: what can 1973 teach us?



Alongside his invasion of Ukraine, Vladimir Putin has throttled gas supplies to Europe—but the world has seen energy used as a weapon before. What can the energy shock of 1973 tell us about today’s crisis?

00:00 – Energy wars
02:12 – Oil sanctions don’t work
06:59 – Energy security
11:05 – Alternatives to oil

Sign up to The Economist’s daily newsletter: https://econ.st/3QAawvI

To read more on the war in Ukraine: https://econ.st/3k6ILzE

How the West’s price cap on Russian oil could roil energy markets: https://econ.st/3GUQpGD

The costs and consequences of Europe’s energy crisis are growing: https://econ.st/3Izg6O4

Europe faces an enduring crisis of energy and geopolitics: https://econ.st/3vPSn4L

Europe is growing complacent about its energy crisis: https://econ.st/3GT4YKw

Europe’s next energy crunch: https://econ.st/3jVpDEK

How to deal with Europe’s energy crisis: https://econ.st/3XmdkQg

Europe’s energy market was not built for this crisis: https://econ.st/3Qxvn3N

Europe scrambles to protect citizens from sky-high energy prices: https://econ.st/3k76boR

Europe’s winter of discontent: https://econ.st/3CA9laM

6 Comments

  1. The big line it was unprovoked stop spreading that BS no one’s buying it we overthrew the Ukrainian government in 2014 put a puppet stooge government in and aided and abetted known neo. Nazis in the slaughter and destruction killing of ethnic Russians in the Donetsk Luhansk, People’s Republic stop lying.

  2. The US Middle Class is taxed to death to manufacture and sell weapons that the top 1% do not pay for via tax loopholes. We sell these weapons made and purchased with taxa revenues, but then don't dish back dividends from the sale back to citizens. The real people that need to be invaded are in Washington.

  3. Climate Change is making weather events more extreme. This will impact the worlds food supply.
    Floods, droughts, fires, excessive heat, snow storms and low water levels in reservoirs and in ground water storage are becoming more common. We must stop adding more fossil fuels to the climate fire.
    India, China, Brazil, Japan, US, Europe, Indonesia, Canada, Germany and Australia need to do more to reduce use of fossil fuels. They must stop building and financing more coal fossil fuels power plants.
    Time to go all in on wind and solar energy and electric vehicles.
    Fossil fuels are a bad investment for people and the planet.
    Investors are divesting from fossil fuels. ESG investing is growing.
    The cost of dealing with the impact of climate change will be greater than the cost of reducing the impact.
    The world population is expected to grow by another billion people. Where will the food come from ?

  4. So they're trying to sell the climate crisis. There is no climate crisis. The Earth was warmer in the recent and distant past. It also warmed faster in the past.

  5. The truth.Why is there no report done on this? Shell gross profit for the twelve months ending September 30, 2022 was $99.493B, a 81.02% increase year-over-year. Shell annual gross profit for 2021 was $72.5B, a 79.66% increase from 2020. Shell annual gross profit for 2020 was $40.354B, a 42.62% decline from 2019

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