What the 1970s oil crisis can tell us about a German natural gas ration : The Indicator from Planet Money Russia's invasion of Ukraine is forcing Germany to rethink its reliance on Russian energy, particularly natural gas. And as it looks for solutions, the nation is talking about something economists despise - rationing.

Rationing: How it works and why it doesn't

Rationing: How it works and why it doesn't

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Brian Alpert/Getty Images
(Photo by Brian Alpert/Keystone/Hulton Archive/Getty Images)
Brian Alpert/Getty Images

Germany relies on Russian natural gas more than any other country in the EU. The nation is thinking of ways to separate itself from Russian energy, but it might come at a cost in the short term. A ration plan was outlined and is drawing parallels to a similar energy ration that took place in the U.S. during the 1970s.

Today, we learn how Germany might navigate a gas shortage and the lessons it could learn from how the U.S handled the oil crisis of 1979.

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