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