Hopefully, one of the things that we price in going forward is the volatility in the price of oil vs alternatives, especially those that can be produced domestically in a way decoupled from international events. That includes natural gas and especially renewables. Remember that just a 6 years ago, oil was north of $100/barrel [1], and recently it's close to zero. Wind on the other hand has had a steadily reducing LCOE[2][3]. Solar's LCOE is also steadily reducing [3].
Volatility has a cost. With oil, it's one that the US and other countries hae historically tried to dampen with various industrial and political methods (the national strategic oil reserve, military/political "influence" on foreign oil producers, subsidies for domestic production), but seems like the current situation is beyond those methods' ability to control.
