The world could be on the brink of an energy crisis rivaling the 1970s, says IHS Markit's Yergin

Russia's Ukraine invasion could have set in motion an energy market disruption on the scale of major oil crises in the 1970s, according to Daniel Yergin.

Russia's Ukraine invasion could have set in motion an energy market disruption on the scale of major oil crises in the 1970s, according to Daniel Yergin, vice chairman of IHS Markit.

A driver holds a fuel nozzle at a Shell gas station in San Francisco, California, U.S., on Friday, Feb. 25, 2022.could have set in motion an energy market disruption on the scale of major oil crises in the 1970s, according to Daniel Yergin, vice chairman of IHS Markit. "This is going to be a really big disruption in terms of logistics, and people are going to be scrambling for barrels," Yergin said. "This is a supply crisis. It's a logistics crisis. It's a payment crisis, and this could well be on the scale of the 1970s."

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