Geography, asked by krishnaekjibon1755, 1 year ago

problems experienced by people affected by the crisis of electricity

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Answered by tulasi77
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Industrial development and population growth have led to a surge in the global demand for energy in recent years. In the 2000s, this new demand — together with Middle East tension, the falling value of the U.S. dollar, dwindling oil reserves, concerns over peak oil, and oil price speculation — triggered the 2000s energy crisis, which saw the price of oil reach an all-time high of $147.30 a barrel in 2008.

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