For all the horrors from the Russian invasion of Ukraine and the political and economic turmoil it has caused, the oil and gas industry has so far won out.

Yes, there is criticism of the sky-high corporate profits being made on the back of $100 oil and claims the West will fast-forward its move to renewables.

But bigger than all this — and a net gain for the oil and gas companies — is a more acute realisation of the continuing importance of fossil fuels to energy security.