As the world watched, French President Emmanuel Macron explained the basics of supply and demand in oil markets to President Biden this week. Video of the encounter made it obvious: Energy experts need to begin loudly restating the basic truth that reliable energy is essential to human health and well-being. Macron’s Energy 101 tutorial with Biden reinforced the reality that the world is grappling with a growing energy crisis, and the Middle East won’t be able to bail out markets. The U.S. would do well to heed this fact. It should implement protective measures for oil and gas markets, as well as for electricity markets, before it’s too late. And make no mistake, “too late” is beari
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