CNN-Biden not mentioned. Oil companies and our appetite for oil are the culprits! A deep recession (and other nifty ideas!) are the answer!!!------ The world may be careening toward a 1970s-style energy crisis -- or worse | CNN Business

The world may be careening toward a 1970s-style energy crisis-- or worse | CNN Business
"...Current and former energy officials tell CNN they worry that Russia’s invasion of Ukraine in the wake of years of underinvestment in the energy sector have sent the world careening into a crisis that will rival or even exceed the oil crises of the 1970s and early 1980s.

• ...Today’s energy turmoil is not simply the result of the war in Ukraine. It is also the byproduct of cratering investment in oil and natural gas, which are depleting resources that require massive sums of money just to maintain their production, let alone increase it.

...Energy experts told CNN they worry global policymakers are mismanaging the climate crisis, focusing too much on reducing supply and not enough on cutting the world’s appetite for fossil fuels.
“We’re not doing nearly enough to reduce hydrocarbon demand consistent with our climate goals,” said Bordoff.
...In March, the IEA also urged governments around the world to consider drastic steps to slash oil demand, including reducing speed limits on highways, working from home up to three days a week where possible and car-free Sundays in cities.
And there’s at least one other development that has been front-and-center lately and would ease the energy crisis: An economic recession, or at least one that’s deep enough to cause demand to collapse..."