Why the Largest Supply Disruption in History Didn't Result in a Major Energy Crisis
Excellent Bloomberg writer/analyst Javier Blas made a great point in this X post Monday morning:
Javier Blas@JavierBlas
What a remarkable outcome: the world's largest ever oil supply disruption failed to create a major energy crisis.
The IEA said 2026 shock was worst than 1973, 1979 and 2022 together. And yet, the cost of oil, natural gas, electricity and coal never surpassed the previous peaks.
11:01 AM · Jun 15, 2026 · 361K Views
247 Replies · 474 Reposts · 2.92K Likes
Reading that got my writer’s block-addled brain function momentarily, and I put up this post in response:
⚡️David Blackmon⚡️@EnergyAbsurdity
🚨Javier Blas is right in his post below, when he points out that "the world's largest ever oil supply disruption failed to create a major energy crisis."
Here are some factors that led to this positive outcome:
Market cushions were bigger than anyone believed:
◾️There was
Javier Blas @JavierBlas
What a remarkable outcome: the world's largest ever oil supply disruption failed to create a major energy crisis.
The IEA said 2026 shock was worst than 1973, 1979 and 2022 together. And yet, the cost of oil, natural gas, electricity and coal never surpassed the previous peaks.
3:08 PM · Jun 15, 2026 · 83 Views
1 Reply · 2 Likes
Full Text:
Javier Blas is right in his post below, when he points out that “the world’s largest ever oil supply disruption failed to create a major energy crisis.”
Here are some factors that led to this positive outcome…
