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:
“I have witnessed the tremendous energy of the masses. On this foundation it is possible to accomplish any task whatsoever.”
—Mao Zedong (1893–1976)
“I know my fate. One day my name will be tied to the memory of something monstrous—a crisis without equal on earth, the most profound collision of conscience, a decision invoked against everything that had previously been believed, demanded, sanctified. I am no man, I am dynamite!”
—Friedrich Nietzsche (1844–1900)