There was a programme on last nights Irish TV about just this point.
Ireland being an Island of an island off the west coast of europe where they are the end of oil and gas pipe lines will of course feel quiet hard hit as will everywhere else, It was even suggested it would send the country back to the 50's. The time this was to start hitting the industries especially aviation was approximately 15 years from now.
Yes it is scary and yes it does worry me, Heres hoping Iae/CFM/RR etc etc come up with an igenious solution. T minus 15 years and counting.
Thats an C- paper at least sir v6g