Energy Crisis

An energy crisis is a situation in which the supply of energy resources, such as oil, gas, or electricity, is disrupted or significantly constrained, leading to shortages, price spikes, and economic instability. Energy crises can be caused by geopolitical conflicts, natural disasters, market manipulation, or inadequate infrastructure. The impact of an energy crisis can be severe, affecting everything from transportation and manufacturing to household energy bills and economic growth. Energy crises highlight the importance of energy security, diversification of energy sources, and investment in sustainable energy infrastructure.

Example

The 1970s oil crisis, caused by OPEC’s oil embargo, led to severe fuel shortages and skyrocketing prices, causing economic turmoil worldwide.