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Fortune
Fortune
Jeffrey Sonnenfeld, Steven Tian

Biden crowned world energy czar as diplomacy triumphs over Putin’s tantrums

(Credit: Henry Nicholls - Pool - Getty Images)

Rudyard Kipling’s The Jungle Book explained how leaders and groups need each other for power: “For the strength of the Pack is the Wolf, and the strength of the Wolf is the Pack.” President Biden has breathed new confidence into allied unity and resolve—and has in turn been strengthened by our international allies.

Overcoming the self-destructive America First isolationism of our recent past, Biden has rebuilt trust through collective action. Most recently, America’s continued triumphs in international energy diplomacy—ranging from reining in OPEC+ to the successful rollout of the Russian oil price caps to helping the EU work through its gas supply challenges, all in the face of tremendous skepticism—have stabilized the global energy markets and brought down prices all while cutting into Putin’s profits.

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