The Middle East is on the verge of what has to be called Arab Spring 2, the executive chair of the Global Energy Symposium said on Thursday.
A Saudi-led coalition began airstrikes on Yemen on Thursday to combat Shiite rebels who have overrun much of the country.
All of this means more uncertainty in the region's stability and in oil prices, he said.
"Even though Yemen does not have a cog to play in the exporting of oil, the entire region now is becoming less stable and that's disconcerting," Kent Moors said in an interview with "Closing Bell."
"The worst is really yet to come in terms of the uncertainty."