Comment by dimal

You chose oil for your example, but what about natural gas? If Europe needs natural gas, they can just buy it… and give money directly to their enemy, Russia. Just buying what you need isn’t without second order effects. The second order effects of solar and energy diversification are more palatable than directly funding an enemy.

“Look at Japan”. Ok, let’s look. They attacked the US in 1941 because of the US oil embargo. Their current situation is predicated on the US continuing to be the world’s policeman, ensuring that shipments get from point A to B. There will come a time when that assumption will not hold.

Things change.