Acute stress in oil and gas markets and fear of social and political impacts are causing governments to intervene. Will the G7’s price cap on Russian oil and products avert a debilitating price spike for the world economy and deny Russia resources to sustain the war? How is Europe defusing the impact of gas shortages—to secure supply and ease social distress? Are governments incentivizing or confusing investments in sustainability? What are we learning about tradeoffs and risks? What will be the role of new public/private partnerships in driving future energy investment?