Oil production. File photoBERLIN, May 31The current energy collapse is much bigger than the oil crises of the 1970s and 1980s, Fatih Birol, head of the International Energy Agency (IEA), told Spiegel. two energy crises in the mid-1970s and a few years later. But then everything was about oil. Now we have an oil crisis, a gas crisis and an electricity crisis at the same time. Before (special operation) … Russia was the cornerstone of the global energy system: «The world's largest oil exporter, the world's largest gas exporter, the world's leading coal supplier. This energy crisis is much bigger than the oil crises of the 1970s and 1980s. And will probably last longer,» the head of the agency said.
The State Duma stated that Russia's losses from the oil embargo would be minimal
