Same thing as in 2008. Olympics in China.
China didn't want coal fired plants spouting smog, bad PR, so they horded petroleum to use with special plants during the Olympics.
Same old same old happening now. Brandon tells China no mas, my polls, CCP says FJB. Biden responds by not sending any US representative. Oooh.
Putin watches Brandon get taken apart by the CCP and gets ready to rake in the Ukraine, threatening any help from NATO in the EU with a dark winter if they try to help Ukraine. If Germany thought they could get some Energy leverage by being a landfall point for Russian natgas. They got rolled. UdSSR 2.0 controls everything energy. Renewables was a trap. A mind fuck to the self anointed intellectuals, taking energy advice from Greta Thunberg.
The US and Germany no longer have the political capitol to unite their citizens behind a committed economic response to China or Russia. The great sucking sound. Perot was right.