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Michael, the reduction in demand due to the pandemic caused Russian wells to be closed. Wells don’t like that; you have to keep them flowing. When vaccination permitted demand to pick up not all of them would reopen properly.
I see there’s now a liquid fuel shortage too. Lots of empty shelves in my local Co-op. All I’ve heard so far is that a shortage of HGV drivers is the cause, but I strongly suspect there’s more to it than that because shortages are too widespread.
– “Is there a strategic thinker in our government[?]”
Well it certainly doesn’t look like it. Actually there are, but for too many decades money managers have been given seniority over engineering-type minds. Same as with the pandemic, where scientists and doctors were ignored until it was too late. Twice.
Money rules in politics, but nature couldn’t care less about money.