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As I recall US shale oil in those years upset the OPEC markt and in Europe Ukraine was a prime target for future production .. think Burisma. The Gulf States added production to get global price below $60 a barrel to make shale production not profitable.
Today it will be LNG transport for the immediate future. As I had written it will bite the EU state hard, starting with Germany.
Life for everyone would be so much better when nations do not let economic competition lead to war, but use diplomacy to settle differences. Ever since the Soviet Union fell apart, that seems a bridge too far for the sole global military power.
The grievances of Russia were well defined and known. The US didn't much care starting under the Clinton years. 'Sapere aude'
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