Energy Crises
An energy crisis occurs when the demand for energy exceeds the supply, leading to shortages and increased prices. This can happen due to various factors, including natural disasters, geopolitical tensions, or a sudden increase in energy consumption. Energy crises can affect electricity, oil, and gas markets, impacting economies and daily life.
Historically, energy crises have prompted governments and organizations to seek alternative energy sources and improve energy efficiency. For example, the 1973 oil crisis led to a push for renewable energy and conservation efforts. Addressing energy crises often involves balancing supply and demand while transitioning to more sustainable energy systems.