An energy crisis is any great bottleneck (or price rise) in the supply of energy resources to an economy. In popular literature though, it often refers to one of the energy sources used at a certain time and place, particularly those that supply national electricity grids or serve as fuel for vehicles. There has been an enormous increase in the global demand for energy in recent years as a result of industrial development and population growth. Supply of energy is, therefore, far less than the actual demand.
Read more about Energy Crisis: Causes, Historical Crises, Emerging Oil Shortage, Social and Economic Effects, Cultural References
Famous quotes containing the words energy and/or crisis:
“But often the presence of mind and energy of a person remote from the spotlight decide the course of history for centuries to come.”
—Stefan Zweig (18811942)
“We can’t afford the wrath of Heaven. We survived a deluge by the skin of our teeth, but an economic crisis would be disastrous.”
—Friedrich Dürrenmatt (1921–1990)