Energy Crisis Threatens to Eclipse 1970s Shocks, Yergin Says

WATCH: S&P Global Vice Chairman Daniel Yergin discusses the impact of Russia’s invasion of Ukraine on energy markets.Source: Bloomberg
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The unfolding global energy crisis poses higher risks than the oil shocks of the 1970s, according to energy historian Daniel Yergin.

“I think this is potentially worse” than the 1970s, Yergin said during a Bloomberg TV interview. “It involves oil, natural gas and coal, and it involves two countries that happen to be nuclear superpowers.”