The oil industry is not investing enough to meet growing energy demand, including for crude, which could lead to a series of energy crunches down the road, oil expert Daniel Yergin, vice chairman of IHS Markit, told CNBC on Monday. “I think we should be conscious that one of the things we may see is a series of crunches,” Yergin told CNBC, referring to what he dubbed a “pre-emptive underinvestment” in oil supply while global demand continues to rise. “World demand is going to be back where it was in 2019 in the next few months,” the expert said, adding that there is a “disconnect between the realities of the dynamics of the market” and the calls from investors for the oil industry to stick to capital discipline. Yergin is the latest industry expert warning of future energy crunches as the world is not investing enough in meeting the […]