Europe's first full-scale invasion since World War Two, a refugee crisis to match, and an endgame sure to upend more than just the West's resolve. As the EU turns up the heat on Vladimir Putin, it is already asking citizens to turn down their thermostats. How will citizens react if on the one hand, Russia conquers Ukraine and on the other the price of crude shoots past 200 dollars a barrel. How to make due without Russian oil and gas?

We ask what energy independence looks like and weigh the cost of not heeding the call when Russia annexed Crimea back in 2014. In the meantime, war in Europe has consequences near and far with more leverage for the likes of oil producers Saudi Arabia and Venezuela, whose under-sanctions regime for the first time in years has welcomed a White House delegation. Just how much are the stars realigning?

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