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Russia’s war against Ukraine could spiral into the world’s worst energy crisis since the 1970s, a top economic historian says

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MarketsInsider/Shalini Ngarajan/3-4-2022

graphic representation of a bulletin board note reminder that the 1970s equal the 2020s“Russia’s bloody incursion into Ukraine could disrupt energy markets with consequences unseen since the oil crises of the 1970s, according to Daniel Yergin, vice chairman of IHS Markit.”

USAGOLD note: Yergin is considered one of the top analysts on the geopolitics of oil. He was awarded a Pulitzer for “The Prize: The Epic Quest for Oil, Money and Power” written in the early 1990s.

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