This is an interesting writeup (with underlying article) about how Germany's economy responded after they embargoed Russian natural gas in 2022.

Basically, even though Russia supplied 55% of their nat gas, and though demand for nat gas was quite inelastic, it wasn't totally inelastic, and that, combined with the fact that there were other suppliers (even if those suppliers were less good for a bunch of reasons), Germany adapted to the challenge, and it produced a minimal effect on GDP.

Nice illustration of complex systems at work. Thoughtful discussion. Useful context to think about btc acting in the world.