Oil is a finite resource that is causing all of this trouble whenever something like this happens. I have said this before, and I will say it again, the dependency of other nations for oil is the reason why we should be investing a lot more on renewable energy.
We need to not only build solar panels and wind turbines all over our countries, but we also should be investing heavily into R&D of these products to make them even more efficient and easier to do logistics. Because nature is a good reason for it, but being independent on energy is the main weapon.
Oil is a finite resource, but like everything else, that’s all it is. In reality, there is a LOT of oil, but not much of it is easy to extract. There are plenty of deposits that are simply more expensive to develop and extract. But if there’s demand, they’ll extract that oil too.