We can all agree (I think), that the world is now more dangerous than at any point in the lives of most people born after WW2. It is my view, sadly, that things are going to get far worse.
Most trade is now dependent on long supply chains. If any link in the chain is disrupted or broken the trade collapses.
Likewise energy. Many things depend on energy. As well as food, think about transport, the internet, water, sewers, money, etc.. If one link collapses the whole of society could collapse.
I sincerely hope we don't reach this stage, but we are far more interconnected than we think.
Let's hope we wake up. The model that has served us for many years is creaking.
Europe is in a good position compared to many other areas. For example if all non EV driving for private purposes were banned this would easily cover the petrol/diesel situation. Europe has plenty of buses and train alternatives. Gas, fertiliser and other products may be more difficult and take more time but solutions exist, remember Europe used coal gas for a long time. So I think while things might be inconvenient for a while Europe will muddle through.
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The only good that might occur is that many countries now realise their situation and will work towards solutions rather than staying with the status quo. This may turn out to be good for the planet in the long term providing not too many die as we struggle through.