An energy crisis is any great shortfall (or price rise) in the supply of energy resources to an economy. It usually refers to the shortage of oil and additionally to electricity or other natural resources.
The crisis often has effects on the rest of the economy, with many recessions being caused by an energy crisis in some form. In particular, the production costs of electricity rise, which raises manufacturing costs.
Posts
Reality is well put in this article.
ReplyDeleteintresting def of energy crisis
ReplyDeletewel said
this situation is pathatic
ReplyDelete