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:
“A government deriving its energy from the will of the society, and operating, by the reason of its measures, on the understanding and interest of the society ... is the government for which philosophy has been searching and humanity been fighting from the most remote ages ... which it is the glory of America to have invented, and her unrivalled happiness to possess.”
—James Madison (1751–1836)
“When you give power to an executive you do not know who will be filling that position when the time of crisis comes.”
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