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Where I come from in Europe, things look even more suicidal. Electric power futures for mid-2023 are currently traded at ten-fold the price of electric power one year ago. The end seems uncomfortably nigh.

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Yeah, well Europe becoming more dependent on US crude which is 5x more expensive than cheap Russian crude (which more of would have flowed into Europe if Nordstream 2 had been completed) is exactly what the US petroleum companies want. Biden and those who support his administration are using this as an opportunity to push their green energy agenda here in the US, and most of the equipment manufactured for solar comes out of China.

Nordstream 2 was a gas pipeline.

Also Ural crude was always priced roughly on par with Brent:

https://www.neste.com/investors/market-data/urals-brent-pric...

You're probably referring to marginal cost, but that's only partly related to market price.

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