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    Vladimir Putin knows what he's doing in the energy markets, says S&P's Dan Yergin



    Dan Yergin, S&P Global vice chairman, joins ‘Politics & Profit’ to discuss oil prices and the war in Ukraine, and what’s driving costs at the pump. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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    View 32 Comments

    32 Comments

    4. PP on

      Putin is helping world move towards green energy, a bit sooner than what everyone wanted. Should he get a Nobel price for getting a push on renewed energy? 🤫

    6. K T on

      Yergin is right, many western leaders r clueless about energy as they want to shut it down while Putin knows its value.

    8. Thomas Exum on

      I see we have some big players out there trying sneak and create a long-term, short squeeze. We see you buying up treasuries and stocks. You are not going to leave us behind for the ride and we are not going to get caught short by your games. From the way things look this week the Fed will be lowering rates sometimes early 2nd quarter 2023.

    12. Lear King of Albion on

      Mr. Yergin would be right about the effectiveness of Putin's energy strategy if this were peacetime. But, this is not peacetime in the sense of Putin's hybrid war of smashing Ukrainian cities to rubble near NATO borders, grain blockades and energy shutoffs. And threatening a consolidation of rubbled territory, to be used as a staging area, as Crimea was, for threatening Ukraine and NATO in the future. The alleged schisms Putin sees as being there are in a different context from "old times". "Wine and dine now; get rubbled in 5 years" is probably not very palatable in Central Europe. Even half of Germany was once under Soviet control.

    15. Ismail Cassim Mansoor on

      Responsibility and accountability.
      Each one is responsible for his own actions and must be consistent with Checks and Balances.
      No creative accounting.
      Hon. Ismail Cassim Mansoor aka. Luke.

    17. Craig Emm on

      To be clear its not Putin that has reduced energy supplies and raised prices, its the sanctions by the West that has caused these problems.

    18. tonupharry on

      At least in UK we dont cry about fuel prices we literally get on our bike .
      Whats wrong with other cowardly nations getting all upset and blaming their own governments ,

    20. Shooting sports Transparency on

      https://youtu.be/aLv-W9eeJsE Russia, slowly realizing that the country behind war criminal Putin has marched into a swamp where it will be trapped for decades to come. The war is unwinnable and the damage to the economy and reputation irreparable and Putin isn't making clear desisions anymore . The aim of the war was to make Russia a great power again,  result of the war is that Russia is definitely no longer a great power.

    21. YoDae on

      Everyone Making record high profits. We cant find the money ahh. TRY PAYING TAX LIKE THE REST OF US. These top Companies not paying tax is reducing availible funds. Easy to notice now huh.

    22. Day that Fallows on

      Regular Americans needs to start to understand that this war was created by CIA since 8 years ago by weaponizing Ukrainie…and Biden…the higher price you pay by the pump and food is because of your sick government and sub governments..While all Russia is doing is trying to end 8 years long war…I am from Poland and I stand with Russia…because it is damn USA who created war next to my country..

    25. eric ramirez on

      RUSSIA offers both stabilizing and de-stabilizing influence over the EU. Now, the EU is unstable, insecure and given to quick temper. The alliance is now marked by quarrel, unhappiness and eventual separation.

    27. Adi B on

      Putin know what he is doing. The sanctions are affecting the west more than Russia. Ukraine isn't worth all this.

    28. J. E. N. OCTOBER on

      I know many Russians, are they are not stupid people. Most of them I have spoken with are rational, logical, easy to converse with and above average intelligence. Certainly Putin (and his intelligence community) weighed all factors before the Ukraine invasion. They took into consideration their immense resource base, who was dependent on their resources, and to what extent each client was dependent, and potentially what their clients alternative would be to replace Russian supply after such action in Ukraine. The same goes for the impact that any European war would have on energy costs. Historically, most regional or global conflicts stoke crisis in food supply markets, energy markets, cause mass migration of peoples, with all the possibilities of acquiring new resources through militaristic gains, thus offsetting some of the financial costs of the offensive. The data is out their to assess. It doesn't require a brilliant person to predict what might occur in a advanced industrial and economic region when war is introduced into it. Only the comfortable, lazy, complacent piglets suckling on the momma's teets will feel the pain when momma decides to get up and move.

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