Now's the Time to Focus on Oil and Gas: Yergin

The video discusses the current state of oil prices, highlighting disruptions in Russian oil supply and comparing the situation to the 1970s. It explores the potential for demand destruction due to high prices and the role of the Biden administration in addressing the energy crisis. The need for cooperation between the U.S. government and the energy sector is emphasized, along with Europe's efforts to reduce dependence on Russian energy amidst tight global markets.

What factors are contributing to the disruption of Russian oil supplies?

How does the current situation compare to the oil crisis of the 1970s?

What are the potential consequences of high oil prices on consumer behavior?

What role does the Biden administration play in addressing the current energy crisis?

What historical events are referenced as comparisons to the current energy situation?

What challenges does Europe face in reducing its reliance on Russian energy?

How has the perception of Russia as a reliable energy supplier changed?