Don’t count on a lack of Russian oil When push comes to shove, China and India will buy Russian oil, because they are both dirtbag countries that don't care about Putin's aggression. We know Biden is all talk as well, as needs Russian oil on the market to reduce inflation.
The western world went and fkcd itself, with woke policy that destroyed energy security and supply. Yesterday the Biden administration was told by the private sector that increasing refining capacity is a no-go. And who can blame the oil companies? So instead western governments will watch energy costs skyrocket and probably implement a wealth tax on the industry, to pay for the refineries that governments will have to build (and of course do in an inefficient and delayed manner, like all government contracts are carried out).
Go woke, go broke.