I mean 1974 was pretty prime energy crisis, so yes, it makes sense that there was a video made that day that projected that the energy crisis would intensify. The reasonings aren't entirely different, either - trusting in potentially hostile foreign powers to produce energy, and then having that energy interrupted by war. In this case, it was an actual decision by a hostile power to turn off the taps, which is going to greatly encourage Europe especially to diversify energy sources. But boy in the short term is it going to stink.